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Non Permanent Resident

A&D Mortgage specializes in home mortgage financing for non-U.S. citizens who are authorized to live and work in the U.S. on a temporary basis.

The process for a Non-QM loan is similar to typical mortgage loan applications, but some additional documentation is required for non-permanent residents who are seeking a home loan. As a result, it is best to work with a lender who is experienced in this area, and A&D Mortgage is a leader in this field.

Program highlights:

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

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Foreign Nationals

- No score or FICO 620
- Up to 70% CLTV
- Loan amounts up to $2 million
- Cash-out allowed
- DSCR as low as 0
- CPA Letter for last 2 years & year-to-date
- One bank reference letter
- Overseas assets allowed as reserves
- Gift funds allowed

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

Full Doc Non-QM

- FICO 600
- 85% CLTV
- Loan amounts up to $3 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

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