Foreign Nationals
A&D Mortgage is a leader in working with people abroad who want to buy or refinance their property located in the United States. Our Foreign National program has a flexible, alternative documentation process with realistic guidelines which helps more borrowers to qualify.
At A&D, our primary focus is to make sure that any borrower who comes through our door has an option to receive financing.
Program highlights:
- No score or FICO 660
- Up to 70% CLTV
- Loan amounts up to $2 million
- Cash-out allowed
- DSCR as low as 0
- DSCR available under FN DSCR Program
- CPA Letter for last 2 years & year-to-date
- One bank reference letter
- Overseas assets allowed as reserves
- Gift funds allowed
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Other Programs
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
Non Permanent Resident
• FICO 660
• Up to 85% CLTV
• Bank statements allowed
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