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Bank Statements & 1099

Bank Statements Loans

A&D Lending, Inc. we believe that borrowers should not be denied homeownership opportunity because they do not meet certain requirements of traditional lenders.

We provide an alternative method for self employed borrowers to provide cash flow of their business.

It’s simple we base our lending decision on either 12- or 24-month bank business or personal statements.

No complicated taxes, no extra paperwork is needed, we make your finance process simple with less stress.

Loan Highlights

– Loan amounts up to $3 million
– 600 Minimum FICO
– Up to 90 % LTV (loan-to-value)
– 12/24 Months Bank Statements
– Must have 3+ months reserves
– Good for self-employed and business owners
– Max cash-on-hand $1 million, no limit for CLTV 55%
– 30 & 40 Year Fixed, 5/6 & 7/6 ARM
– 12 months from bankruptcy or foreclosure
– Mortgage history 0 x 60 x 12
– Condos up to 85% CLTV
– Combination of business and personal bank statements allowed
– Condo and condotels allowed

1099 Income Loans

If you are an independent contractor, freelancer, a gig worker or employee earning 1099 wages and you have been denied loan due to not showing enough income on your tax returns, this loan product is for you.

This is an alternative loan solution will allow you to qualify for home loan based on your 1099 wages and no other income verification is required..

Please contact A&D Lending account executive to provide more details on this product.

Loan Highlights

– Loan amounts to $4M
– Minimum credit score as low as 600
– Debt-to-income ratio up to 55%
– Min Down Payment is 10%
– No Tax Returns Are Required
– Blended income is Ok
– Qualify using either most recent one or two years 1099
– Fixed, Interest only and Adjustable-Rate Mortgages
– Mortgage Insurance not Required
– Multiple financed properties allowed
– All occupancy types (primary residence, second home, or investment property)

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