Asset Depletion Mortgage Program | Qualify Using Liquid Assets
An Asset Depletion Mortgage Program allows qualified borrowers to use eligible liquid assets instead of traditional employment income to qualify for a home loan. This flexible financing solution is ideal for retirees, high-net-worth individuals, investors, and borrowers with substantial savings who may have significant assets but limited reportable income. Loan amounts are available from conventional limits to super jumbo financing, making this program an excellent alternative to traditional mortgage qualification.
Asset Depletion Income Program to 90% LTV
Our asset depletion programs can also qualify your business as well as your personal bank (100% gross deposits) accounts on either a 6-month, 12-month, or 24-month bank statement programs.
Mortgage Asset-Based Service
We will maximize your credit profile for better credit grades, more buying power to help you qualify for more options, better terms, and additional credit for lower down payment purchase loans and higher LTVs on Rate/Term and Cash Out, higher loan amounts, etc. Liquid assets can also be utilized either as a stand-alone source of qualifying “income” or in conjunction with our other flexible income documentation programs. 75% LTV on Investment Properties and Loan Amounts to $2,000,000 on Primary / Owner-Occupied Properties.
Non-Traditional Income Documentation:
- Departing Residence Rental Income – Yes
- Projected Rental Income on Investment Property Loans – OK. NOO (60% max LTV on NOO)
- Rental Income – We Can Utilize Your Most Recent Year of Rental Income on Schedule E instead of 24-Month History
- Rental Income – Properties Not Showing on the 1040s, Allowed Case by Case with Proof of Lease and Canceled Checks
Less Than 2 Year Company History Self-Employed Allowed case by case (80% or less LTV on primary). Most Prevalent Loan Scenario/funded Example has Been When the Borrower Goes from W2 to 1099 and does Not Have a Full 2 Year Tax Returns.
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.
Last Updated on 3 weeks ago by Broker Mortgages