Asset-Based Qualification Program | Forms 4506-T and 4506-C Not Required

Medium to High-Net-Worth Borrowers

This is both a Stated Income and Asset Depletion loan program and it is designed for the high net worth borrower that is looking to purchase a primary home or Rate & Term refinance or Cash out refinance their primary home. The applicant must demonstrate their ability to save by providing proof of cash reserves that will support their existing and proposed debt, front and back-end debt ratio.

Guidelines and Highlights


  • Purchase, Rate & Term Refinance and Cash Out Refinance

Income Programs:

  • Stated Income / Verified Assets (SIVA)
  • Asset Depletion
  • Tax Returns - Not Required
  • Form 4506-T - Not Required

Income Documentation:

  • Bank Statements
  • Retirement Accounts
  • Investment Statements
  • Money Market Accounts

Employment Type:

  • Self Employed

Credit Criteria:

  • Mortgage history - No 30-Day lates for previous 25 months
  • Bankruptcy Seasoning: - 24 months
  • Foreclosure Seasoning - 24 months
  • Short Sale - 24 Months

Credit Scores:

  • 680 Middle score for each borrower

Loan to Value ratio (LTV)

  • 70% Maximum
  • Combined (piggyback Second Mortgage) Loan to Value ratio (CLTV)
  • 80% Maximum

Debt to Income Ratio (DTI):

  • 50% maximum

Maximum Loan amount:

  • $2,000,000

Property Types:

  • SFR- Single Family Residence
  • 1-4 Units


  • Owner Occupied Only


  • 5 Year ARM
  • 7 Year ARM
  • 10 Year ARM


Arizona, Cali:fornia, Colorado, District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Maryland, Minnesota, Nevada, Oklahoma, Oregon, Texas, Utah, Washington


Reference# 535 06131519-9-22-1