ARDRI LLC

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Loss payee

ARDRI Mortgage Loss Payee Clause: Shellpoint Mortgage Servicing ISAOA/ATIMA PO Box 7050 Troy, MI 48007-7050    Loan Number : ARDRI Bridge Loans Loss Payee: ARDRI, LLC ISAOA ATIMA C/O Fay Servicing, LLC P.O. Box 814609 Dallas, TX 75381-4609 Loan Number :

Điều khoản CPL hoặc subordinate

ARDRI Mortgage Loss Payee Clause: Shellpoint Mortgage Servicing ISAOA/ATIMA PO Box 7050 Troy, MI 48007-7050    ARDRI Bridge Loans Loss Payee: ARDRI, LLC ISAOA ATIMA C/O Fay Servicing, LLC P.O. Box 814609 Dallas, TX 75381-4609

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

- Lock Term Price Adjustment: 15 Days 0.125 | 30 Days 0.000 | 45 Days -0.200 | 60 Days -0.500 - Lock Extension Price Adjustment: 3 Days -0.050 | 7 Days -0.125 | 15 Days -0.255 | 30 Days -0.500 - Rate Locks can only be requested once Cond. Loan Approval has been issued. Lock must be in place prior to final underwrite. 15 Day Locks - Speak with your Account Executive for details.

Khóa lại

Re-Locks fees: • re-lock fee of 0.25% (in price) for a 15 day lock, • 0.50% (in price) for a 30 day lock or, • 0.75% (in price) for a 45 day lock A one-time relock for 15 days will be allowed at worst-case pricing without the relock fee ONLY if the market is 50 bps better than original lock. File must be in "Approved" status or later. Pricing exceptions previously made to the loan will NOT be carried over. A loan unlocked for greater than 30 days is eligible for current market pricing.

Lock & Shop

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Thế mạnh & overlay của lender

Thế mạnh của lender

         *We have Awesome Rates & We Think Outside the Box *

                We make Exceptions: With Compensating Factors 

* We Allow Gifts on OO and NOO ( LTV's do apply )

NO Reserves Required - Please Note - Will be a Price adjustment to Rate (0 mos. vs 3  mos , 3 mos Reserves is normal )  

Fico as low as 600 FICO  ( State Sensitive ) as low as 550 FICO on Bridge loans ( Short Term Financing - State sensitive)  

Cash-Out -Up to 80 % LTV

Owner-Occupied: Up to 90 % LTV US Citizens , ITIN/NPRA w/ Work Visa & Passport . Up to 85 % LTV second Homes (SFR) ,ITIN without work VISA w/ Passport  

ATR Income Types " Ability to Re-pay " allowed on 12 or 24 mos . : 

** Traditional Full Doc -12 or 24 mos

** Bnk Stmts -12 or 24 mos - Up to 90 % 

**  CPA P & L w/ CPA/CTEC/EA Letter  OR

      Borr P & L w/ CPA/CTEC/EA Letter - 12 or 24 mos 

** Written VOE only -12 or 24 mos -Up to 80 % LTV

** 1099 Only - 12 or 24 mos  - Up to 90 % LTV 

** Asset Depletion - Up to 80 % LTV 

** K-1 Only - 24 mos - Up to 80 % LTV 

 

Non-Owner -Occupied: DSCR & No Ratio DSCR, DSCR ATR, No Ratio, Bridge Loans, Foreign National Loan Programs, ITIN, DACA, PRA & NPRA- Bank Statement, 1099 Only, K-1 Only, P&L, WVOE, Asset Depletion, Stand Alone 2nds ( Closed End ), Delayed Financing and Full Doc,

FICO's as low as 550  Tier State apply ( State Sensitive )-

Tier 1 States - Min FICO 550 ( call to conf. which states)

Tier 2 States -Min. 620 Pur - R & T 640 - C/O 660 ( call to conf. which states)

Tier 3 States -Min. 640 Pur - R & T 660 - C/O 680 ( call to confirm which states)

ATR DSCR Up to 85 % - Pur  Only -w/ 12 or 24 mos Traditional Full Doc or                                                                          12 - 24 mos Bnk Smts  

Pur and R&T - UP to 80 % LTV    

C/O Up to 80 % w/ ATR - with Ability to Re-Pay w/ min 700 FICO 

C/O - Up to 75 % w/ DSCR  

We finance:, SFR, Condos/Non-Warratable Condos, 2- 4 units, Attached & Detached PUD's and Townhomes, STR, Rural Properties (up to 10 acres) , Condotels, 5 or more units, Mixed - Use , Modular /Prefab Homes, Log Homes ,Tiny Homes, 3D printed, Hobby Farms  and more 

Allows Lender Credit to cover both LPC and BPC

Overlay của lender

We Do Not Finance :  Agency Loans, DPA programs, No land loans, No Fix N' Flips , No Mobile Homes, and No Manufactured Homes

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