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Asset Depletion Super Jumbo Mortgage

Unconventional Mortgages Loan Knowledge and Service (800) 718-8906

Asset Depletion 660 Credit Score

Asset Depletion to fit your credit score and Credit Profile. Asset depletion super jumbo mortgage product niche to accommodate borrowers with a 680 80% LTV $1,500,000 credit score who prefer to have 40 year-year amortization term with a 10-year Interest Only. These loans enable qualification based on liquid assets (stand-alone or in conjunction) rather than income, ideal for those with significant savings or investments and sometimes proves ideal retired borrowers, too.

Asset Depletion Income | Jumbo and Super Jumbo Bank Statement Loans

Asset depletion loans allow borrowers to qualify for jumbo and super jumbo mortgages using their liquid assets, rather than traditional employment earnings. This method is ideal for high-net-worth individuals with substantial savings or investments who may not have regular income documentation. By leveraging asset depletion income, these borrowers can secure flexible financing for high-value properties through bank statement loans.

Tax Transcripts Not Required by Lender | Form 4506-C No

For borrowers that prefer, for whatever reason, not to provide their tax transcripts with a lender that does not require them and in addition, does not require a signed or executed Form 4506-C.

Asset Depletion to offset income ratios | Guidelines and the Ability-to-Repay

Bank Statements can also be utilized to supplement income. This can be done under any loan program within this program’s core product offering including the Super Jumbo program to 5 million. This loan is for borrowers that cannot or choose not to document their income but also have a considerable amount of liquid assets. The difference between this loan and a regular Bank Statement loan is the super jumbo loan amounts and the loan program flexibility, making it all-around easier to qualify for.

Eligible Property Types:

  • Single Family Residence – attached and detached
  • Condominiums <4 stories
  • 1-2 Units
  • 3 Units
  • 4 Unit

Eligible Occupancies:

  • Owner-Occupied Primary
  • Owner-Occupied Investment
  • Investment
  • Second/ Vacation

Underwriter Notes:

  • Auxiliary Dwelling Unit (ADU) – OK
  • Full Income Documentation Pricing
  • Eligible Liquid Assets: CD’s, Monet Market, Stocks, etc. Speak to your Loan Officer (800) 718-8906 additional information
  • 48-72-Hour Underwriting Turn-Time
  • Credit Scores: 640 Middle Credit Score, the Middle of the three credit scores or lower of two

Fact: Highly qualified borrowers with strong credit and reserves are not getting the mortgage loans they should.

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, Wisconsin, and Wyoming.