Asset Based Mortgage Loan Programs

One type of Non-QM loan program is the asset depletion or asset utilization mortgage loan program. This type of loan allows borrowers to use their assets to qualify for a mortgage loan. The lender calculates the borrower's income based on their assets, instead of their traditional income sources like employment or self-employment.
Asset Based Mortgage Loan Highlights
Unlocking Your Assets: Asset-Based Mortgage Programs for High Net Worth Individuals and Real Estate Investors
Unlocking Your Assets: Asset-Based Mortgage Programs for High Net Worth Individuals and Real Estate Investors
  • Asset utilization programs allow borrowers to use their assets, such as investments, savings, and retirement accounts, to qualify for a mortgage. Lenders will typically look at the borrower's overall financial picture, including their income and assets, to determine whether they qualify for the loan.

  • These programs may be available for various property types, including primary residences, second homes, and investment properties.

  • The maximum loan-to-value (LTV) ratio for these programs may vary depending on the lender and the borrower's financial profile. However, borrowers can generally expect a maximum LTV of around 80% for primary residences and 75% for second homes and investment properties.

  • Borrowers should be aware that non-QM loans may come with higher interest rates and fees compared to traditional conforming loans. This is because these loans are considered riskier due to the relaxed underwriting standards.

  • It's important for borrowers to shop around and compare offers from multiple lenders to find the best terms and rates for their asset utilization mortgage loan.

Overall, borrowers considering a non-QM asset utilization mortgage loan program should have a good understanding of their financial situation, including their assets and liabilities, and be prepared to provide detailed documentation to the lender to demonstrate their ability to repay the loan.

Non-QM Loan Program Terms:

  • Up to 90% LTV Purchase with No MI
  • Up to 80% LTV Cash Out
  • 599 Min FICO
  • Self Employed Programs: 1099, Bank Statements, P&L
  • 30 Year Fixed & 40 Year Interest Only Available
  • Up to $3M Loan Amount
  • 1-4 Units, Condos, Manufactured Homes, Rural
  • Up to 55% DTI

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