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AD Mortgage

DSCR

A typical Non-QM Debt Service Coverage Ratio (DSCR) loan allows a borrower to qualify for a mortgage based on cash flow generated from an investment property – through a rental, for example – as opposed to their personal income. A calculation generates a debt-to-income ratio and the higher the ratio, the better.

However, A&D Mortgage recognizes that not every borrower will qualify for a traditional debt-to-income loan. We know that ownership of an investment property is more than just a ratio. That is why we have introduced our A&D Mortgage’s DSCR loan, which allows a ratio as low as zero.

Program highlights:

  • FICO 599
  • Up to 85% CLTV
  • Loan amounts up to $3 million
  • Max cash-on-hand $1 million, no limit for CLTV <55%
  • 40- & 30-year fixed, 5/6 ARM, and 7/6 ARM terms
  • No income or employment verification
  • DSCR as low as 0
  • Cash-out proceeds may be used for reserves
  • Eligible for Non-Permanent Residents and Foreign Nationals
  • DSCR is available under Foreign National Program
  • Ownership of any property within the past 24 months
  • Condotels allowed
  • Cryptocurrencies accepted for reserves, down payments and closing costs

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Non Permanent Resident

- FICO 660
- Up to 90% CLTV
- Bank statements allowed
- Cryptocurrencies accepted for reserves, down payments and closing costs

Asset Utilization

- FICO 580
- Up to 80% CLTV
- Cash-out up to 75% CLTV
- Cryptocurrency at 90%
- Savings and checking 100%
- Securities at 100%
- Cryptocurrencies accepted for reserves, down payments and closing costs
- Retirement at 70%
- Cash out available
- Income calculation - all eligible assets divided by 60
- Super Prime & Prime programs

Full Doc Non-QM

- FICO 580
- 90% CLTV
- Loan amounts up to $4 million
- Max cash-on-hand $1 million, no limit for LTV < 55%
- DTI up to 55%
- 30 & 40 Year Fixed, 5/6 ARM, 7/6 ARM
- Traditional income​
- 2-year credit event allowed​
- Super Prime & Prime Programs​
- Condo up to 90% CLTV​
- Condotels up to 70% CLTV
- NY up to 90% CLTV
- Cryptocurrencies accepted for reserves, down payments and closing costs

12/24 Months Bank Statements

- FICO 580
- Up to 90% CLTV
- Loan amounts up to $4 million
- Max cash-on-hand $1 million, no limit for CLTV < 55%
- 3 months reserves
- Cryptocurrencies accepted for reserves, down payments and closing costs
- 12 months from bankruptcy or foreclosure
- Mortgage history 0 x 60 x 12
- Combination of business and personal bank statements allowed
- Condo and condotels allowed