A&D Mortgage, a Florida-based lender, announced Monday that it has increased the maximum loan limits for Foreign National and Foreign National DSCR (Debt Service Coverage Ratio) loans.
Effective immediately, the maximum loan limit for purchase transactions is set at $3 million, and the limit for cashout transactions is $2 million, the company said in a press release.
The company aims to better serve the financial needs of foreign national clients.
The higher loan limits demonstrate A&D Mortgage’s commitment to providing comprehensive financial products tailored to the unique circumstances of international borrowers, the company said.
“Our decision to raise the loan limits for Foreign National and Foreign National DSCR loans underscores our dedication to meeting the evolving needs of our clients,” said Max Slyusarchuk, CEO of A&D Mortgage.
“By offering higher loan amounts, we are empowering foreign national investors with greater purchasing power and the ability to access more significant investment opportunities within the U.S. market,” Slyusarchuk said.
According to economic data from the St. Louis Fed, Maine’s available housing inventory in May was 2,942 — down from 13,939 in July of 2016.
