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No Docs and Profit & Loss

No Docs Loan Program

No documentation mortgage (no doc) is a kind of loan that does not require the borrower to produce any proof of income or existing assets. If you are purchasing a property, bank statements are only needed to confirm that you have enough funds for the down payment and closing costs.

Loan Highlights

– LOANS: up to 5M
– Foreign National allowed
– No Income Doc, No Asset Doc
– We can work with lower credit scores or no credit
– No tax returns needed
– Non-Warrantable Condo Allowed
– Property can be your primary residence, second home, or investment property

Profit & Loss Program

If you are business owner and have applied for a loan but was denied due to lack of income, we have the perfect solution for you. A&D Lending, Inc. understands the challenges faced by self-employed individuals to obtain financing for purchase homes or refinance loans and we’re here to offer you our most popular program that requires no personal or business tax returns. Instead, we only need a profit and loss statement as income to qualify you for the loan. The best feature of this loan is that you can get up to 85% LTV on your purchase with NO MORTGAGE INSURANCE!

Loan Highlights

– Loan Amounts to $3.5M
– Minimum Credit Score as Low as 660
– Up to 85 % LTV on Purchases
– Based on P&L; CPA letter prepared by CPA, or Licensed Enrolled Tax Agent
– Debt-to-income ratio up to 49%
– No Mortgage Insurance Required
– Cash out up to 80% LTV
– 100% Gift Allowed
– No Seasoning on Reserves
– No Sourcing Large Deposits
– All Occupancy Types (Primary residence, second home, or investment property)

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