A&D Mortgage Launches New Premier Jumbo Loan Product
Wholesale lender A&D Mortgage has launched a new premium jumbo loan product designed for borrowers who do not meet compliant loan limits.
Effective immediately, A&D Mortgage’s Non-QM Jumbo Program is available for 30-year fixed mortgage applications up to $ 2 million for a primary, secondary or investment property. The new product is also a automatic subscription system (AUS) – loan only. This means that borrowers marked as “approved / not eligible” by the Fannie Mae automated underwriting system based on loan amount can qualify for A&D Mortgage’s Prime Jumbo product.
Program terms include up to 89.99% LTV, a minimum FICO score of 660, and no mortgage insurance requirements. It is also available for purchase, rate / term refinancing and cash refinancing, and deferred financing is available for up to 180 days.
“We are partnering with brokers to make real estate financing accessible to as many people as possible, and our new premier jumbo loan product is helping us turn that goal into reality,” said Max Slyusarchuk, Founder and CEO from A&D Mortgage. offer this product, and will continue to adjust the terms and offerings of our programs to be as competitive as possible and to meet the needs of our partners and the borrowers they serve. “
In addition to its new top-notch jumbo loan product, the Hollywood-based direct lender offers non-QM programs for independent borrowers using bank statements, profit and loss statements, or 1099 for income verification. Programs for foreign domestic borrowers and borrowers with less than perfect credit histories are also available. No income verification programs are offered for home loans.