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Full Doc Non-QM

A&D Mortgage’s Full Doc Non-QM loans are a perfect solution for small business owners, investors, or other self-employed individuals, who believe they would not qualify for a traditional agency loan. These loans are also ideal for borrowers who are recovering from a recent credit event.

Full Doc Non-QM loans require documented evidence that proves the income and assets a borrower claims on their loan application are genuine.

Program highlights:

  • FICO 580
  • 90% LTV
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit for LTV < 55%
  • Cash-out up to 80% LTV​
  • Traditional income​
  • 2-year credit event allowed​
  • Super Prime & Prime Programs​
  • Condo up to 90% LTV​
  • Condotels allowed

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12/24 Months Bank Statements

- FICO 580
- 90% LTV
- Loan amounts up to $4 million
- Max cash in hand $1 million, no limit for LTV < 55%
- 3 months reserves
- 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

Prime Jumbo

- FICO 660
- Up to 89.99% LTV
- 15- & 30-Year fixed up to $3 million
- Cash out up to 89.99% LTV
- Manual UW for over $2 million
- DU Approve/Ineligible
- No mortgage Insurance is required
- Primary, second home, and investment properties are allowed
- Purchase, rate/term refinance, and cash-out refinance
- Delayed financing is available up to 180 days
- No overlays or reserves, credit, and tradelines – per DU
- Income as per DU

Freddie Mac Refi Possible

- 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

Fannie Mae Refi Now

- 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