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 85% CLTV
- Bank statements allowed
Video tutorial
Join Us
Other Programs
Foreign Nationals
• 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
DSCR
• FICO 660
• Up to 80% CLTV if DSCR > 1.00
• Up to 75% CLTV if DSCR is .075-1.00
• Up to 70% CLTV if DSCR <0.75
• Loan amounts up to $2.5 million
• Max cash-in-hand $1 million, no limit for CLTV <55%
• 40- & 30-year fixed
• No income or employment verification
• DSCR as low as 0
• Eligible for Non-Permanent Residents and Foreign Nationals
• DSCR is available under Foreign National Program
• Ownership of any property within the past 24 months
• 1-4 Units, Condotels 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