Flexible Asset Depletion Loan Options
Unlock home financing without traditional income verification through our Asset Depletion Mortgage Program, offering loan amounts up to $5 million. Designed for both self-employed borrowers and W-2 wage earners, this non-QM loan allows qualified applicants to use verified liquid assets as income.
Program Highlights
Loan Amounts & LTV Options:
* Up to $5,000,000 loan amounts
* 80% LTV up to $2 million with a 660 credit score
* 75% LTV up to $2 million with a 640 credit score
Income Documentation:
* No tax returns required
* 4506-T and 4506-C forms not required
Credit Requirements
* 2 years seasoning from bankruptcy, foreclosure, or short sale
* Minimum 640 credit score
Eligible Loan Purposes:
* Purchase
* Rate & Term Refinance
* Cash-Out Refinance — up to $1,500,000 cash out
Eligible Property Types:
* Single Family Residence SFR
Eligible Occupancies:
* Owner Occupied
* Second / Vacation Home – 80% Maximum LTV
Debt to Income ratio: 43% – 50% DTI
Available in the Following States:
Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.