Decrypting Cryptocurrency for Non-QM Loans

A&D Mortgage accepts verifiable cryptocurrency for down payments, closing costs, and reserves for all Non-QM loans.

• Reserves – Borrowers can use up to 90% of the cryptocurrency’s current value or up to 100% if it has been liquidated. The final valuation must be determined by the US exchange within 30 days from the Note date.
• Down payment and closing costs – Cryptocurrencies must be liquidated and deposited into an established bank account before the closing date.
• For clients choosing asset utilization options, the cryptocurrency can be used as a qualifying asset for income calculations. Your monthly qualifying income will be 90% of the cryptocurrency’s value divided by 60.