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High Balance Conventional Loan

A High-Balance Conventional Loan is one that exceeds the national baseline conforming loan limits but falls within the local conforming loan limits for your high-cost county. High-Balance Conventional loans are considered conforming loans with respect to Fannie Mae and Freddie Mac.

A&D Mortgage is a specialist in dealing with these kinds of conventional agency mortgages and will guide you through the entire loan process.

Program highlights:

  • 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

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Home Possible

- Fixed-rate financing for easier budgeting
- Homebuyer education is required for first-time buyers

FHA

- 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

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