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AD Mortgage Correspondent

Bridge Loan Program

Not every creditworthy borrower can sail through the approval process for a qualified mortgage and your clients may want to invest in real estate and need short-term financing quickly. A&D Mortgage’s Bridge Loans are the perfect option: no income documentation, income verification, or asset seasoning are required, which means faster turn times.

A&D offers Bridge loans for investment properties only. Bridge loans are available for 1-4 unit properties, condo hotels, offices, multi-family, and properties under development.

Program highlights:

  • FICO 580
  • Up to 70% CLTV
  • Interest Only
  • No Income on 1003
  • Foreign National allowed
  • No prepayment penalty
  • Fast closing
  • No asset seasoning
  • Eligible for Non-Permanent Residents

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Other Programs

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WVOE / 1099

•• No Score or FICO 660
• Up to 80% CLTV for WVOE
• Up to 85% CLTV for 1099
• Loan amounts up to $3 million
• DTI 55% Max
• Cash out available
• Completed FNMA Form 1005 for 2-year history with the same employer

1Y + 2Y P&L ONLY

• No Score or FICO 660
• Up to 85% CLTV on 2Y and up to 80% CLTV on 1Y
• Max DTI 55%
• Loan amounts up to $3 million
• Max cash-on-hand $1 million, no limit CLTV < 55%
• P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
• No bank statement required
• Super Prime & Prime programs

Full Doc Non-QM

• FICO 660
• Up to 85% CLTV
• Loan amounts up to $3 million
• Max cash-in-hand $1 million, no limit for CLTV < 55%
• DTI up to 55%
• 30 & 40 Year Fixed, 5/6 & 7/6 ARM
• Traditional income
• 2-year credit event allowed
• Super Prime & Prime programs
• Condos up to 85% CLTV
• Condotels up to 70% CLTV
• NY up to 85% CLTV

12/24 Months Bank Statements

• No Score or FICO 660
• Up to 85% CLTV
• Loan amounts up to $3 million
• Max cash-in-hand $1 million, no limit for CLTV < 55%
• 30 & 40 Year Fixed
• 3 months reserves
• Gift Funds for reserves allowed
• 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