ARDRI LLC

Address: 27001 Agoura Road,, Suite 100, Agoura Hills, CA 91301

https://ardri.ai/

Internal Reviews

(11 reviews)

Total loans closed with Loan Factory
66

Total loans closed with Loan Factory (past 12 months)
16

Lender overview

Basic information

QM Program

N/A

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 :

CPL or Subordinate Clause

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

Lock policies & Fees

Lock Policies

Lock extension

Relock

Re-Locks Adjustments:
• 15 days 0.250
• 30 days 0.500
• 45 days 0.750. Worse Case Pricing

Lock & Shop

Lender's niche & Overlays

Lender's Niche

*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 - a Price adjustment to Rate (0 mos. vs 3 mos , 3 mos Reserves is normal ) 6-12 better pricing

Fico as low as 600 FICO O/O & NOO ( State Sensitive )

Fico as low as 550 FICO on Bridge loans (Short Term Financing 6 -36 mos, I/O , No PPP and No EPO - (State sensitive)

Cash-Out -Up to 80 % LTV

Owner-Occupied: Up to 90 % LTV US Citizens , ITIN/NPRA w/ Work Visa & Passport . Up to 90% LTV , second up to 85% Homes (SFR) ,

ITIN with Work VISA w/ Passport -Up to 90% - O/O and Up to 85% NOO

ITIN WITHOUT Work Visa w/ Passport up to 80 % - OO and NOO

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

** Up to 90 % LTV -Traditional Full Doc -12 or 24 mos

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

** Up to 85% LTV - CPA P & L w/ CPA/CTEC/EA or Tax Atty Letter

** Up to 85 % -Written VOE only -12 or 24 mos

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

**Up to 85% LTV- Asset Depletion -

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

** Foreign National - Up to 80% LTV w/ Lender overlays- qualify w/ 700 FICO

** Foreign National Up to 75% No overlays - qualify w/ 700 FICO

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,

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

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

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

Tier 3 States -Min. 640 Pur - R & T 660 - C/O 680 ( call to confirm 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 85 % LTV

C/O Up to 80 %

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

We allow LPC or BPC on NOO or Lenders CRedit to Borrower Up to 3%

We Allow both BPC and LPC on NOO up to max 5 %

Lender's overlays

We Do Not Finance :

*Agency Loans, DPA programs,

*No land loans,

*No Fix N' Flips ,

*No Mobile Homes, and

*No Manufactured Homes

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

Review - ARDRI LLC

4.3

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