FULL DOC PRIME JUMBO FULL DOC NON-QM - A&D …

[Pages:16]COMPANY NMLS# 958660

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A&D Mortgage LLC is an Equal Housing Lender. NMLS ID #958660. 1040 South Federal Highway, Hollywood, FL 33020 1-855-ADLOANS (1-855-235-6267). A&D Mortgage LLC is licensed by AL #23203 "Alabama Consumer Credit License", AZ #1006747 "Arizona Mortgage Banker License", CA #60D8053270 "Loans made or arranged pursuant to a California Financing Law license", CA #41DB0-58930 "Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act", CO "Mortgage Company Registration", CT #ML-958660 Mortgage Lender License, DC #MLB958660 "Mortgage Lender License", DE #037443 "Lender License", FL #MLD858 "Mortgage Lender Servicer License", GA Mortgage Lender License/Registration #58815, ID #MBL-2080958660 "Mortgage Broker/Lender License", IL #MB. 6761475 "Residential Mortgage License", KY #MC794178 "Mortgage Company License", MD "Mortgage Lender License", MI # FR0023142 "1st Mortgage Broker/Lender/Servicer Registrant"; NE Mortgage Banker License, NH# 23561-MB "Mortgage Banker License", NY #LMB109468 "Mortgage Banker License", NJ Licensed by the NJ Department of Banking and Insurance: Residential Mortgage Lender License, NC #L-186481 "Mortgage Lender License", NV #5486 "Mortgage Company License", OH #RM.804825.000 "Residential Mortgage Lending Act Certificate of Registration", OR "Mortgage Lending License", PA #54518 "Mortgage Lender License", PR #IH-260 "Mortgage Lender/Servicer (Concesionarios/Administradores de Pretamos Hipotecarios)", RI #20224409LL "Lender License", SC-BFI #MLS-958660 "Mortgage Lender/ Servicer License", SD #958660. ML "Mortgage Lender License", TN #215750 "Mortgage License", TX SML "Mortgage Banker Registration", UT-DFI Residential First Mortgage Notification, VA #MC 6653 "Broker License" and "Lender License", WA #CL-958660 "Consumer Loan Company License", WI #958660BA "Mortgage Banker License", WY #4690 "Mortgage Lender/ Broker License". (). Loan approval and rates are dependent upon applicant's credit, collateral, financial history and program availability at time of origination. Programs and rates are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Copyright?2023. All Rights Reserved.

COMPANY NMLS# 958660

Programs

PRIME JUMBO

Min. FICO 680 ? Up to 80.00% HCLTV

? 15 & 30 Year Fixed up to $2.5 Million ? Cash-Out up to 80.00% HCLTV ? Manual UW for over $2 Million ? DU Approve/Ineligible ? No Mortgage Insurance required ? Primary, Second Home and Investment

properties are allowed ? Purchase, Rate & Term Refinance and Cash-Out

Refinan ce ? Delayed Financing is available up to 180 days ? No Overlays on Reserves, Credit and Tradelines

as per DU ? Income as per DU

DSCR

Min. FICO 620 ? Up to 80% CLTV

? Loan amounts up to $3 Million ? Max cash-on-hand $1 Million,

no limit for CLTV 15 years only)

30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

-0.375 -0.375

-0.25

0.000

0.000 -0.250 -0.625 -0.625 -0.500

0.000

-0.125

-0.375 -0.875 -1.000 -0.750

0.000

-0.250 -0.750

-1.250

-1.250

-1.000

0.000

-0.375 -0.875 -1.375

-1.500

-1.250

0.000

-0.625

-1.125

-1.750

-1.875

-1.500

0.000

-0.750 -1.375

-1.875

-2.125

-1.750

0.000

-1.125

-1.500 -2.250 -2.500 -2.000

-0.125

-1.500

-2.125 -2.750 -2.875

-2.625

90.01?95

-0.25 -0.500 -0.625 -0.875 -1.125 -1.375 -1.625 -1.875 -2.250

95.01-97 -0.125 -0.250 -0.500 -0.750 -0.875 -1.125 -1.250 -1.500 -1.750

FICO / LTV

780

760 - 779 740 - 759

720 - 739

700 - 719 680 - 699 660 - 679 640 - 659

639

Limited Cash-Out Refinance (Terms > 15 years only)

30 30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

-0.125

-0.5

-0.625

-0.5

0.000 0.000

-0.125

-0.375 -0.875 -1.000 -0.750

0.000 0.000

-0.250 -0.750

-1.125

-1.375

-1.125

0.000 0.000

-0.500 -1.000

-1.625

-1.750

-1.500

0.000 0.000

-0.625 -1.250

-1.875

-2.125

-1.750

0.000 0.000

-0.875

-1.625

-2.250

-2.500

-2.125

0.000 -0.125

-1.125

-1.875 -2.500 -3.000 -2.375

0.000 0.000

-0.250 -0.375

-1.375 -1.750

-2.125 -2.500

-2.875 -3.500

-3.375 -3.875

-2.875 -3.625

90.01?95 -0.375 -0.625 -1.000 -1.250 -1.625 -1.750 -2.125 -2.500 -2.500

95.01-97 -0.375 -0.625 -1.000 -1.250 -1.625 -1.750 -2.125 -2.500 -2.500

Feature/LTV

ARM Condo*** Investment Second Home Manufactured 2-4 Unit HB Fixed HB ARM

HB Cash-Out** Sub financing EW (Excl NY) DTI > 40%

30

0 0.000 -1.125 -1.125 -0.500 0.000 -0.500 -1.250 -0.750 -0.625 -0.125 0.000

Additional Adjustments

30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

0

0

0

0.000

-0.125

-0.125 -0.750 -0.750 -0.750

-1.125

-1.625

-2.125

-3.375

-4.125

-4.125

-1.125

-1.625

-2.125

-3.375

-4.125

-4.125

-0.500 -0.500 -0.500 -0.500 -0.500 -0.500

0.000

-0.375 -0.375 -0.625

-0.625

-0.625

-0.500 -0.750 -0.750 -1.000

-1.000

-1.000

-1.250

-1.500

-1.500 -2.500 -2.500 -2.500

-0.750 -0.750 -0.750 -0.750

N/A

N/A

-0.625 -0.625 -0.875 -1.125

-1.125

-1.125

-0.125

-0.125

-0.125

-0.125

N/A

N/A

0.000

0.000

0.000

0.000

0.000

0.000

90.01?95

-0.25 -0.750 -4.125 -4.125 -0.500 -0.625 -1.000 -2.750

N/A -1.875 N/A 0.000

95.01-97 -0.25 -0.750 -4.125 -4.125 -0.500 -0.625 -1.000 -2.750 N/A -1.875 N/A 0.000

FICO / LTV

780

760 - 779 740 - 759 720 - 739 700 - 719 680 - 699 660 - 679 640 - 659

639

Cash-Out Refinances

30 30.01?60 60.01?70

-0.375 -0.375

-0.625

-0.375 -0.375

-0.875

-0.375 -0.375

-1.000

-0.375 -0.500

-1.375

-0.375 -0.500

-1.625

-0.375 -0.625

-2.000

-0.375 -0.875

-2.750

-0.375 -1.375

-3.125

-0.375 -1.375

-3.375

70.01?75

-0.875 -1.250 -1.625 -2.000 -2.625 -2.875 -4.000 -4.625 -4.875

75.01?80

-1.375 -1.875 -2.375 -2.750 -3.250 -3.750 -4.750 -5.125 -5.125

Adjustable Rate Details

5/6 ARM, 7/6 ARM, 10/6 ARM 30 Day Average SOFR Index

Margin First Rate Adjustment (Months)

2.75% 60/84/120

Initial Adjustment Cap

2%/5%/5%

Subsequent Periodic Adjustments Subsequent Adjustment Cap

6 months 1%

Lifetime Adjustment Cap

Initial rate + 5%

Conventional Specials

Loan Amount* $150,000-174,999 $175,000-199,999 $200,000-224,999 2nd Home* NY*

Points 0.250 0.125 0.125 0.125 0.250

Home Ready / Home Possible Cumulative LLPA Cap

FICO

LTV Range

80

>= 680 < 680

0.000 0.000

0.000 0.000

Refi Now / Refi Possible A $500 credit will be provided ****

*Conventional Specials: Loan Amount, 2nd Home and NY adjustments are inapplicable for all High Balance, HomeReady / HomePossible, RefiNow / RefiPossible **High Balance Cash-Out adjustment applies on top of other HB adjustments. ***Hit for condo is not applicable to detached condo units. ****If an appraisal was obtained for the transaction. For RefiNow / RefiPossible use HomeReady / HomePossible rate stack. High Balance is not avaliable on RefiNow RefiPossible programs.

NMLS# 958660 A&D Mortgage LLC. Programs and Pricing are subject to change without notice. This ratesheet is intended to be used by mortgage professionals only and is not an advertisement under Section 226.24 of Regulation Z, and is not meant for use by the general public.

Rate 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125

FHA 30 Yr Fixed

15 Day 30 Day 45 Day 97.627 97.533 97.283 98.129 97.988 97.733 98.650 98.509 98.249 99.138 98.998 98.732 99.590 99.450 99.179 99.897 99.694 99.418 100.351 100.148 99.867 100.769 100.566 100.279 101.150 100.947 100.655 100.983 100.733 100.436 101.389 101.139 100.837 101.753 101.503 101.196 102.073 101.823 101.510 101.887 101.262 100.944 102.197 101.572 101.249 102.465 101.840 101.512 102.695 102.070 101.737 101.640 101.015 100.677

60 Day 97.033 97.478 97.988 98.466 98.908 99.142 99.586 99.993 100.364 100.139 100.535 100.889 101.198 100.627 100.926 101.184 101.404 100.338

Rate 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125 8.250

FHA Pricing

Effective Date and Time: 11/10/23 2:38 PM EST

FHA 20 Yr Fixed

15 Day 30 Day 45 Day 97.877 97.736 97.481 98.327 98.186 97.926 98.741 98.600 98.335 99.125 98.985 98.714 99.651 99.448 99.172 100.057 99.854 99.573 100.432 100.229 99.942 100.769 100.566 100.275 100.771 100.521 100.224 101.093 100.843 100.541 101.376 101.126 100.819 101.623 101.373 101.060 101.663 101.038 100.720 101.911 101.286 100.963 102.128 101.503 101.175 102.316 101.691 101.358 101.460 100.835 100.497 101.657 101.032 100.688

60 Day 97.226 97.665 98.069 98.443 98.896 99.291 99.656 99.983 99.927 100.239 100.512 100.748 100.403 100.641 100.847 101.024 100.158 100.344

Rate 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625

FHA 15 Yr Fixed

15 Day

30 Day 45 Day

97.806

97.577

97.348

97.968

97.937

97.702

98.406

98.375

98.135

98.840

98.809

98.564

99.284

99.253

99.003

99.345

99.283

99.027

99.774

99.712

99.451

100.196

100.134

99.868

100.609 100.547 100.276

100.012

99.247

98.971

100.429

99.663

99.382

100.834 100.069 99.782

101.219

100.453

100.161

101.133

99.180

98.883

101.491

99.538

99.236

101.820

99.866

99.559

102.121

100.168

99.855

100.978

99.024

98.707

60 Day 97.119 97.468 97.895 98.320 98.753 98.772 99.191 99.603 100.005 98.695 99.101 99.496 99.870 98.586 98.934 99.252 99.543 98.389

FHA High Balance 30 Yr Fixed

Rate 15 Day 30 Day 45 Day 60 Day 6.125 97.931 97.790 97.535 97.280 6.250 98.383 98.243 97.982 97.722 6.375 98.802 98.661 98.396 98.130 6.500 99.182 99.041 98.771 98.500 6.625 99.688 99.485 99.209 98.933 6.750 100.072 99.869 99.588 99.306 6.875 100.420 100.217 99.931 99.644 7.000 100.733 100.529 100.238 99.946 7.125 100.772 100.522 100.225 99.928 7.250 101.110 100.860 100.558 100.256 7.375 101.410 101.160 100.852 100.545 7.500 101.668 101.418 101.105 100.793 7.625 101.685 101.060 100.742 100.425 7.750 101.936 101.311 100.988 100.666 7.875 102.152 101.527 101.198 100.870 8.000 102.333 101.708 101.375 101.042 8.125 101.464 100.839 100.500 100.161 8.250 101.654 101.029 100.685 100.341

30 Yr Fixed FHA Streamline

Rate

15 Day 30 Day 45 Day 60 Day

6.000 97.627 97.533 97.283 97.033

6.125

98.129 97.988 97.733 97.478

6.250 98.650 98.509 98.249 97.988

6.375

99.138 98.998 98.732 98.466

6.500 99.590 99.450 99.179 98.908

6.625

99.897 99.694 99.418

99.142

6.750 100.351 100.148 99.867 99.586

6.875 100.769 100.566 100.279 99.993

7.000 101.150 100.947 100.655 100.364

7.125 100.983 100.733 100.436 100.139

7.250 101.389 101.139 100.837 100.535

7.375 101.753 101.503 101.196 100.889

7.500 102.073 101.823 101.510 101.198

7.625 101.887 101.262 100.944 100.627

7.750 102.197 101.572 101.249 100.926

7.875 102.465 101.840 101.512 101.184

8.000 102.695 102.070 101.737 101.404

8.125 101.640 101.015 100.677 100.338

30 Yr Fixed FHA Streamline High Balance

Rate

15 Day

30 Day 45 Day 60 Day

6.125

97.931

97.790

97.535

97.280

6.250

98.383

98.243

97.982

97.722

6.375

98.802

98.661

98.396

98.130

6.500

99.182

99.041

98.771

98.500

6.625

99.688

99.485

99.209

98.933

6.750

100.072

99.869

99.588

99.306

6.875

100.420

100.217

99.931

99.644

7.000

100.733

100.529 100.238

99.946

7.125

100.772 100.522 100.225

99.928

7.250

101.110

100.860 100.558 100.256

7.375

101.410

101.160 100.852 100.545

7.500

101.668

101.418

101.105

100.793

7.625

101.685

101.060 100.742 100.425

7.750

101.936

101.311

100.988 100.666

7.875

102.152

101.527

101.198

100.870

8.000

102.333

101.708

101.375

101.042

8.125

101.464 100.839 100.500 100.161

8.250

101.654

101.029 100.685 100.341

FHA Pricing Adjustments

760 + 740 - 759 720 - 739 700 - 719 680 - 699 660 - 679 640 - 659 620 - 639

FHA FICO Price Adjustments

110K 225K

0.250 0.200 0.150 0.075 -0.150 -0.625 -1.500 -1.750

0.225 0.200 0.150 0.075 -0.050 -0.250 -0.500 -1.000

0.200 0.200 0.150 0.075 0.000 -0.125 -0.375 -1.000

FHA Adjusters

DTI >= 50% & = 55% New Jersey 2 Units New Jersey 3-4 Units High Balance NJ, NY

-0.250 NA

-0.500 -0.500 -0.250 0.000

** NMLS# 958660 A&D Mortgage LLC. Programs and Pricing are subject to change without notice. This ratesheet is intended to be used by mortgage professionals only and is not an advertisement under Section 226.24 of Regulation Z, and is not meant for use by the general public.

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