Private lender credit standards
A&D Mortgage
108 sections · 3 documents
· newest document 2026-07-01
dscrforeign-nationalbank-statementasset-depletion
Private standard, not a regulation. These are private, per-lender commercial standards, not regulation. They differ by lender by design and are revised without notice, often at the same web address. A program shown here is what the cited document said on the date given; it is not confirmation the lender still offers it.
Source documents
| Document | Document date | Verified unchanged |
|---|
| admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf | 2026-07-01 | — |
| admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf | 2026-07-01 | — |
| admortgage-com-Non-QM-Loan-Eligibility-Guidelines-June-29-July-01-2026-pdf.pdf | 2026-07-01 | — |
Criteria tables
NEW CONSTRUCTION LIMITATIONS BY PROPERTY TYPE
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| Occupancy | Property Type | Florida (Max CLTV) |
|---|
| Primary Residence or Second Home | PUD | 80% |
| Condo | 75% |
| Investment Property | PUD | 75% |
| Condo | 70% |
| For files requiring a secondary valuation product with AVM, below options are available: | | | | |
|---|
| • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: 1. AVM with 90%+ confidence score from a different vendor is required. o The AVM with the highest FSD score (closest to zero) will be treated as the primary valuation product o The second AVM will be treated as the secondary valuation product and must support the primary AVM within 10%. o If both AVMs have the same FSD, the lower of the two property values must be utilized for determining the CLTV. 2. If the second AVM is ineligible or unavailable, an alternative primary valuation product is required. | • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: | | | |
| | 1. AVM with 90%+ confidence score from a different vendor is required. | | |
| | | o The AVM with the highest FSD score (closest to zero) will be treated as the primary | |
| | | valuation product | |
| | | o The second AVM will be treated as the secondary valuation product and must support | |
| | | the primary AVM within 10%. | |
| | | o If both AVMs have the same FSD, the lower of the two property values must be | |
| | | utilized for determining the CLTV. | |
| | 2. If the second AVM is ineligible or unavailable, an alternative primary valuation product is | | |
| | required. | | |
SECONDARY VALUATION PRODUCT REQUIRED FOR EVERY LOAN
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| For files requiring a secondary valuation product with AVM, below options are available: | | | | |
|---|
| • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: 1. AVM with 90%+ confidence score from a different vendor is required. o The AVM with the highest FSD score (closest to zero) will be treated as the primary valuation product o The second AVM will be treated as the secondary valuation product and must support the primary AVM within 10%. o If both AVMs have the same FSD, the lower of the two property values must be utilized for determining the CLTV. 2. If the second AVM is ineligible or unavailable, an alternative primary valuation product is required. | • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: | | | |
| | 1. AVM with 90%+ confidence score from a different vendor is required. | | |
| | | o The AVM with the highest FSD score (closest to zero) will be treated as the primary | |
| | | valuation product | |
| | | o The second AVM will be treated as the secondary valuation product and must support | |
| | | the primary AVM within 10%. | |
| | | o If both AVMs have the same FSD, the lower of the two property values must be | |
| | | utilized for determining the CLTV. | |
| | 2. If the second AVM is ineligible or unavailable, an alternative primary valuation product is | | |
| | required. | | |
| For files requiring a secondary valuation product with BPO, below options are available: | | | |
|---|
| • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: 1. AVM with 90%+ confidence score is required. 2. If AVM is ineligible or unavailable, an alternative primary valuation product is required. | • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units: | | |
| | 1. AVM with 90%+ confidence score is required. | |
| | 2. If AVM is ineligible or unavailable, an alternative primary valuation product is required. | |
GENERAL PROGRAM INFORMATION
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-June-29-July-01-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| Super Prime | 0x30x12 and 0x90x24 | 620 | 48 months | Standard | $2,000 |
| Prime | 0x60x12 | 620 | 12 months | Standard / Limited | $1,500 |
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Ownership Requirement |
|---|
| DSCR (No DTI) | 0x30x12 and 0x90x24 | 620 | 48 months | Standard | Not Required |
SYSTEMIC MARKET MANIPULATION
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-June-29-July-01-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| Super Prime | 0x30x12 and 0x90x24 | 620 | 48 months | Standard | $2,000 |
| Prime | 0x60x12 | 620 | 12 months | Standard / Limited | $1,500 |
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Ownership Requirement |
|---|
| DSCR (No DTI) | 0x30x12 and 0x90x24 | 620 | 48 months | Standard | Not Required |
SECONDARY VALUATION PRODUCT REQUIRED FOR EVERY LOAN
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Occupancy | Property Type | Florida (Max CLTV) |
|---|
| Primary Residence or Second Home | PUD | 80% |
| Investment Property | PUD | 75% |
| For files requiring a secondary valuation product, below options are available: | | | |
|---|
| • Secondary valuation waterfall for SFR/PUD/2-4 units: 1. FNMA SSR CU score <= 2.5 2. If FNMA SSR CU score is > 2.5 or unavailable, then AVM with 90%+ confidence score is required. 3. If AVM is ineligible or unavailable, CDA is required. 4. If CDA is ineligible or unavailable, second appraisal is required & must be ordered at borrower’s expense. | • Secondary valuation waterfall for SFR/PUD/2-4 units: | | |
| | 1. FNMA SSR CU score <= 2.5 | |
| | 2. If FNMA SSR CU score is > 2.5 or unavailable, then AVM with 90%+ confidence score is | |
| | required. | |
| | 3. If AVM is ineligible or unavailable, CDA is required. | |
| | 4. If CDA is ineligible or unavailable, second appraisal is required & must be ordered at | |
| | borrower’s expense. | |
SYSTEMIC MARKET MANIPULATION
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| US Citizens / Permanent Residents / Non-Perm Residents / Alt-Income | 0x30x12 and 0x90x24 | 680 | 48 months | Standard | $2,000 |
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| US Citizens / Permanent Residents / Non-Perm Residents / Alt-Income / DSCR (No DTI) | 0x30x12 and 0x90x24 | 680 | 48 months | Standard | $2,000 / DSCR Not Required |
| Foreign National | 0x30x12 and 0x90x24 | 680 (No Fico) | 48 Months | Not Required | Not Required |
GENERAL CLOSED-END SECOND LIEN PROGRAM INFORMATION
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| US Citizens / Permanent Residents / Non-Perm Residents / Alt-Income | 0x30x12 and 0x90x24 | 680 | 48 months | Standard | $2,000 |
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| US Citizens / Permanent Residents / Non-Perm Residents / Alt-Income / DSCR (No DTI) | 0x30x12 and 0x90x24 | 680 | 48 months | Standard | $2,000 / DSCR Not Required |
| Foreign National | 0x30x12 and 0x90x24 | 680 (No Fico) | 48 Months | Not Required | Not Required |
MORTGAGE PAYMENT HISTORY
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| Program | Delinquency Requirement | Description |
|---|
| US Citizens / Perm / Non- Perm. / Alt- Income | 0x30x12 and 0x90x24 | Borrower cannot have mortgage lates within last 12 months prior to note date and 0x90 mortgage lates within last 24 months prior to note date |
| US Citizens / Perm / Non- Perm. / Alt- Income DSCR | 0x30x12 and 0x90x24 | Borrower cannot have mortgage lates within last 12 months prior to note date and 0x90 mortgage lates within last 24 months prior to note date |
| US Citizens / Perm / Non- Perm. / Alt- Income Foreign National | 0x30x12 and 0x90x24 | Borrower cannot have mortgage lates within last 12 months prior to note date and 0x90 mortgage lates within last 24 months prior to note date |
CO-BORROWERS WITH DIFFERENT RESIDENCY
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-2nd-Lien-July-1-2026-pdf.pdf · 2026-07-01
| N/A | | | C08 | | Asylum applicant, status pending |
| N/A | N/A | | C11 | C11 | | An alien paroled into the United States in the public interest or temporarily for emergency reasons |
| N-8 OR 9 | | | A07 | | | Parent or child of international organization employee granted permanent residence |
| NAT0-1-6 | | | C07 | | | NATO members, staffs, and families for temporary stay |
| O-1A, 1B | | | N | | | Extraordinary ability in science, education, the arts, business or athletics |
| R-1 | | | | | Religious workers |
| R-5, 51 | | | N | | Investor in pilot program |
| R-52, 53 | | | C09 | | Spouse or child of R-51 |
| SD-1 | | | N | | Religious workers |
| SD-2, 3 | | | C09 | | Spouse or child of SD-1 |
| SE-1 | SE-1 | | N | N | | Employees or former employees of the US Gov't abroad |
| SE-2, 3 | | | C09 | | Spouse or child of SE-1 |
| SF-1 | SF-1 | | N | N | | Former employees of the Panama Canal Company or Canal Zone Gov't |
| SF-2 | | | C09 | | Spouse or child of SF-1 |
| Visa | | | Valid EAD Card | | | Description | |
|---|
| B-1,2 | | | N/A | | | Business visitor | |
| B-11, B-16 | | | C09 | | | Unmarried son or daughter of US citizen | |
| B-12, B-17 | | | C09 | | | Child of B-11 or B-16 | |
| B31-33 | B31-33 | | C09 | C09 | | | Married son or daughter of US citizen (B- | |
| | | | | | | 31), spouse of B31 or child of B-31 | |
| C-21-25 | | | C09 | | | | Spouse or child of permanent resident or | |
| | | | | | | FX 1 | |
| C-31-33 | | | C09 | | | Spouse or child of US citizen, | |
| CR- 1-2, 5 | | | C09 | | | Spouse or child of US citizen, | |
| CX-1-3 | CX-1-3 | | C09 | C09 | | | Spouse, child, or stepchild of lawful | |
| | | | | | | permanent resident | |
| F-,3, 4; 11, 12, 21-25, | | C09 | | | | Family members of permanent residents or | |
| 31-33, 41-43, F-2 A&B | | | | | | US citizens | |
| F1 | | | C03 | | | Student | |
SECONDARY VALUATION PRODUCT REQUIRED FOR EVERY LOAN
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-June-29-July-01-2026-pdf.pdf · 2026-07-01
| Occupancy | Property Type | Florida (Max CLTV) |
|---|
| Primary Residence or Second Home | PUD | 80% |
| Condo/Condotel | 75% |
| Investment Property | PUD | 75% |
| Condo/Condotel | 70% |
| For files requiring a secondary valuation product, below options are available: | | | |
|---|
| • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units/condotel/rural: 1. FNMA SSR CU score <= 2.5 2. If FNMA SSR CU score is > 2.5 or unavailable, then AVM with 90%+ confidence score is required. 3. If AVM is ineligible or unavailable, CDA is required. 4. If CDA is ineligible or unavailable, second appraisal is required & must be ordered at borrower’s expense. | • Secondary valuation waterfall for SFR/PUD/Condo/2-4 units/condotel/rural: | | |
| | 1. FNMA SSR CU score <= 2.5 | |
| | 2. If FNMA SSR CU score is > 2.5 or unavailable, then AVM with 90%+ confidence score is | |
| | required. | |
| | 3. If AVM is ineligible or unavailable, CDA is required. | |
| | 4. If CDA is ineligible or unavailable, second appraisal is required & must be ordered at | |
| | borrower’s expense. | |
CO-BORROWERS WITH DIFFERENT RESIDENCY
admortgage-com-Non-QM-Loan-Eligibility-Guidelines-June-29-July-01-2026-pdf.pdf · 2026-07-01
| N/A | | | C08 | | Asylum applicant, status pending |
| N/A | N/A | | C11 | C11 | | An alien paroled into the United States in the public interest or temporarily for emergency reasons |
| N-8 OR 9 | | | A07 | | | Parent or child of international organization employee granted permanent residence |
| NAT0-1-6 | | | C07 | | | NATO members, staffs, and families for temporary stay |
| O-1A, 1B | | | N | | | Extraordinary ability in science, education, the arts, business or athletics |
| R-1 | | | | | Religious workers |
| R-5, 51 | | | N | | Investor in pilot program |
| R-52, 53 | | | C09 | | Spouse or child of R-51 |
| SD-1 | | | N | | Religious workers |
| SD-2, 3 | | | C09 | | Spouse or child of SD-1 |
| SE-1 | SE-1 | | N | N | | Employees or former employees of the US Gov't abroad |
| SE-2, 3 | | | C09 | | Spouse or child of SE-1 |
| SF-1 | SF-1 | | N | N | | Former employees of the Panama Canal Company or Canal Zone Gov't |
| SF-2 | | | C09 | | Spouse or child of SF-1 |
| Visa | | | Valid EAD Card | | | Description | |
|---|
| B-1,2 | | | N/A | | | Business visitor | |
| B-11, B-16 | | | C09 | | | Unmarried son or daughter of US citizen | |
| B-12, B-17 | | | C09 | | | Child of B-11 or B-16 | |
| B31-33 | B31-33 | | C09 | C09 | | | Married son or daughter of US citizen (B- | |
| | | | | | | 31), spouse of B31 or child of B-31 | |
| C-21-25 | | | C09 | | | | Spouse or child of permanent resident or | |
| | | | | | | FX 1 | |
| C-31-33 | | | C09 | | | Spouse or child of US citizen, | |
| CR- 1-2, 5 | | | C09 | | | Spouse or child of US citizen, | |
| CX-1-3 | CX-1-3 | | C09 | C09 | | | Spouse, child, or stepchild of lawful | |
| | | | | | | permanent resident | |
| F-,3, 4; 11, 12, 21-25, | | C09 | | | | Family members of permanent residents or | |
| 31-33, 41-43, F-2 A&B | | | | | | US citizens | |
| F1 | | | C03 | | | Student | |
SYSTEMIC MARKET MANIPULATION
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| Apex Prime | 0x30x24 | 680 | 48 months | Standard | $2,000 |
GENERAL PROGRAM INFORMATION
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Program | Mortgage History | Min FICO | Credit Event (CE) Seasoning | Tradelines | Residual Income |
|---|
| Apex Prime | 0x30x24 | 680 | 48 months | Standard | $2,000 |
UNDERWRITING
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Minimum Tradelines Tradelines | Occupancy | Minimum Requirements |
|---|
| STANDARD TRADELINES | Primary and Second Homes Investment | 3 tradelines reporting for 12 or more months and active within 12 months OR 2 tradelines reporting for 24 or more months and active within 12 months |
CREDIT SCORES
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Minimum Tradelines Tradelines | Occupancy | Minimum Requirements |
|---|
| STANDARD TRADELINES | Primary and Second Homes Investment | 3 tradelines reporting for 12 or more months and active within 12 months OR 2 tradelines reporting for 24 or more months and active within 12 months |
TRADELINE REQUIREMENTS
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Minimum Tradelines Tradelines | Occupancy | Minimum Requirements |
|---|
| STANDARD TRADELINES | Primary and Second Homes Investment | 3 tradelines reporting for 12 or more months and active within 12 months OR 2 tradelines reporting for 24 or more months and active within 12 months |
CREDIT EVALUATION
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Program | Delinquency Requirement | Description |
|---|
| Apex Prime | 0x30x24 | Borrower cannot have mortgage lates within last 24 months prior to note date |
MORTGAGE PAYMENT HISTORY
admortgage-com-Apex-Prime-Eligibility-Guidelines-June-29-2026-pdf.pdf · 2026-07-01
| Program | Delinquency Requirement | Description |
|---|
| Apex Prime | 0x30x24 | Borrower cannot have mortgage lates within last 24 months prior to note date |
Disclosure. CF Synergies provides AEO consulting to companies in the mortgage industry. Placement in anything published here is not for sale, and no lender receives preference in what is collected or shown.