ARDRI LLC
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)
15
Lender overview
Basic information
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 :
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 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.
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.
Lender's niche & Overlays
*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
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 conf. 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 %
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
2
2
2
Review - ARDRI LLC
4.3
11 Google Reviews
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