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FHA

A Federal Housing Administration (FHA) loan is a mortgage insured by the FHA and issued by an FHA-approved lender, like A&D Mortgage. FHA loans require a lower minimum down payment and lower credit scores than many conventional loans and are principally designed for low-to-moderate income borrowers. Because of their many benefits, FHA loans are popular with first-time homebuyers.

If you are looking to minimize your down payment or if your credit score is less than average, and you’re looking to purchase a home, A&D Mortgage will guide you through the entire loan process.

Program highlights:

  • Financing up to 96.5%
  • DTI up to 55%
  • No appraisal is needed to apply for the streamline refinance FHA program
  • Up to 6% of closing costs can be contributed by the seller

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Other Programs

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High Balance Conventional Loan

- Loan amounts up to $970,800 in high-cost areas for a single unit
- Eligible for primary and secondary homes
- More competitive rates and easier guidelines
- Faster turn times

FHA Streamline

- No appraisal and no income documentation are required
- You must have made at least six payments on your FHA mortgage
- To qualify, you’re required to be current on your monthly loan payments

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