A&D Mortgage revamps non-QM loan programs

Lender updates eligibility for investors, streamlines documentation

A&D Mortgage revamps non-QM loan programs

Adjustments have also been made to prepayment penalty structures specifically for 1–2-unit properties in Ohio and Vermont, aimed at enhancing the attractiveness of loans in these states. Additionally, in response to regulatory compliance and market demands, the interest-only option will be phased out for Consolidation Extension and Modification Agreement (CEMA) loans in New York.

Read more: A&D Mortgage expands loan options, targets affordability

Another significant update includes changes to the ownership change policy. Now, major alterations in the ownership of an LLC or Corporation involved in a refinance will be recognized as a Quit Claim Deed, with a restriction capped at 65% CLTV. This policy revision ensures greater transparency and stability in property transactions.

“These program updates are a testament to our unwavering commitment to adapt and evolve in response to the needs of our clients and partners,” said A&D Mortgage CEO Max Slyusarchuk (pictured). “By simplifying the mortgage process and enhancing our product offerings, we are not just keeping pace with the industry—we are setting new standards. Our goal is to empower more individuals and families to achieve their dream of homeownership with ease and confidence.”

The changes to the non-QM loan programs are effective immediately, and the company is encouraging mortgage brokers and borrowers to explore the benefits of these enhancements.

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