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AD Mortgage

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 600
  • 85% 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 85% CLTV​
  • Condotels up to 70% CLTV
  • NY up to 85% CLTV

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12/24 Months Bank Statements

- FICO 600
- Up to 85% CLTV
- Loan amounts up to $3 million
- Max cash-on-hand $1 million, no limit for CLTV < 55%
- 30 & 40 Year Fixed, 5/6 & 7/6 ARM
- 3 months reserves
- 12 months from bankruptcy or foreclosure
- Mortgage history 0 x 60 x 12
- Condos up to 85% CLTV
- Combination of business and personal bank statements allowed
- Condo and condotels allowed

Asset Utilization

- FICO 600
- Up to 80% CLTV
- Cash Out up to 75% LTV
- Savings and checking 100%
- Securities at 100%
- Retirement at 70%
- Income calculation - all eligible assets divided by 60
- Super Prime & Prime programs

DSCR

- FICO 620
- Up to 80% CLTV
- Loan amounts up to $2.5 million
- Max cash-on-hand $1 million, no limit for CLTV <55%
- 40- & 30-year fixed, 5/6 ARM, &7/6 ARM terms
- No income or employment verification
- DSCR as low as 0
- Eligible for Non-Permanent Residents and Foreign Nationals (under Foreign National DSCR Program)
- Ownership of any property within the past 24 months
- Condotels allowed

Non Permanent Resident

- FICO 660
- Up to 90% CLTV
- Bank statements allowed