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Freddie Mac Refi Possible

The Freddie Mac Refi Possible program provides borrowers with expanded opportunities to take advantage of low-interest rates and to refinance their mortgage in order to promote long-term, homeownership success. With Refi Possible, low-to-moderate income borrowers can refinance their current loans and save more on their monthly mortgage payments.

A&D Mortgage is a specialist in helping borrowers take advantage of this historic refinancing opportunity and will guide you through the entire loan process.

Program highlights:

  • Designed for lower-income families
  • Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
  • Lowers interest rate by 0.5% and monthly payment by at least $50
  • FICO 620
  • Up to 97% LTV
  • Income at or below 80% of the area median income (AMI)
  • Maximum DTI 65%
  • Borrower will receive $500 credit at closing if they have an existing appraisal
  • Roll up to $5,000 in closing costs for those with limited cash to close. Cash-out limited to $250
  • Reduced documentation requirements

DISCLAIMER
*Monthly payment must include principal, interest, and mortgage insurance payment

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Other Programs

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Fannie Mae RefiNow

- Designed for lower-income families
- Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
- Lowers interest rate by 0.5% and monthly payment by at least $50
- FICO 620
- Up to 97% LTV
- Income at or below 80% of the area median income (AMI)
- Maximum DTI 65%
- Borrower will receive $500 credit at closing if they have an existing appraisal
- Roll up to $5000 in closing costs for those with limited cash to close. Cash-out limited to $250
- Reduced documentation requirements

WVOE / 1099

- FICO 580
- Up to 80% CLTV for WVOE
- Up to 90% CLTV for 1099
- Loan amounts up to $4 million
- DTI 55% Max
- Cash out available
- Completed FNMA Form 1005 for 2-year history with the same employer
- Cryptocurrencies accepted for reserves, down payments and closing costs

Full Doc Non-QM

- FICO 580
- 90% CLTV
- Loan amounts up to $4 million
- Max cash in 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 in 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