A & D Financial Mortgage Corp

Free Inquiry

First Name:

Last Name:

Email Address:

Phone Number:

Loan Purpose:

Estimates Value:

Current Loan Amount:

Purchase Price:

Down Payment:

• Ph: 305-760-7000 • Fax: 305-760-7070 •

No Income Verification Conforming and Jumbo Loans Portfolio Lending Government Sponsored Refinancing Loans for Foreign Nationals Private Money Lending Commercial Real Estate Lending

Portfolio Lending

DOMESTIC (USA CITIZENS & RESIDENTS)
1/1 ADJUSTABLE 3/1 ADJUSTABLE 5/1 ADJUSTABLE CMT index

FOREIGN CITIZENS & CORPORATE TITLE
1/1 ADJUSTABLE 3/1 ADJUSTABLE 5/1 ADJUSTABLE CMT index

1-4 Family Residences, Planned Urban Developments (PUD)

Condominiums (New, Existing, Conversions; Low-Rise, Mid-Rise & High Rise)

CONDOMINIUM PROJECT REQUIREMENTS:

Completed Condominium Questionnaire & Budget verified by Underwriting of the following: (Note: Loan may be approved subject to requirements below if occurs within 90 days of Loan Commitment)

Minimum of 600 square feet of living area with full kitchen; no studios
70% of the total condominium units must be sold (under contract)
50% of the total condominium units must be sold and closed prior to closing
Not more than 10% of total units may be to one single entity.
Not more than 20% of closed units may be for Investment
Not more than 20% of the total units may be for Investment
Not more than 20% of the total units in default and/or litigation
Maximum 33% of units to be over 30 day’s delinquent in HOA dues
Maximum 25% of units to be over 60 day’s delinquent in HOA dues
Maximum 15% of units to be over 90 day’s delinquent in HOA dues
Maximum 40% of Aggregate number of units delinquent in HOA dues
All common areas must be completed
Maximum loan exposure per Condominium Project is $5,000,000 or 10 loans
Foreclosure rate of closed units cannot be greater than 9% of the total units
Developer may be in control of Homeowners Association

PLANNED URBAN DEVELOPMENT (PUD) REQUIREMENTS:

Completed PUD Questionnaire & Budget verified by Underwriting of the following: (Note: Loan may be approved subject to requirements below if occurs within 90 days of Loan Commitment)

Minimum of 600 square feet of living area with full kitchen; no studios
60% of the total Units must be sold (under contract)
35% of the total units must be sold and closed prior to closing
Not more than 10% of total units may be to one single entity.
Not more than 20% of closed units may be for Investment
Not more than 20% of the total units may be for Investment
Not more than 20% of the total units may be in default and/or litigation
Maximum 33% of units to be over 30 day’s delinquent in HOA dues
Maximum 25% of units to be over 60 day’s delinquent in HOA dues
Maximum 15% of units to be over 90 day’s delinquent in HOA dues
Maximum 40% of Aggregate number of units delinquent in HOA dues
All common areas must be completed
Maximum loan exposure per PUD Project is $5,000,000 or 10 loans
Foreclosure rate of closed units cannot be greater than 9% of the total units
Developer may be in control of Homeowners Association