Qualify For a Loan Using Your Assets
Your clients can leverage their assets – with no haircuts – using Logan’s Asset Qualification for Alt-Doc loan product. Assets such as savings, stock portfolios, and other liquid assets, are eligible at 100% as collateral.
Key Loan Program Features:
- 110% of the loan amount, plus applicable reserves required in post-closing assets
- 100% of account statements allowed (bank statement and brokerage statements)
- 100% of stock, bonds, and mutual funds
- 100% of retirement accounts
- Business assets are allowed (50% of the required assets can be made up of business assets)
- Surrender value of life insurance and annuities
- Borrower is given an income credit of total assets/60 months for the DTI calculation
- Supplemental full doc income allowed
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, Oregon, Pennsylvania, South Carolina, Texas, Washington, and Wisconsin.
Last Updated on 3 weeks ago by Broker Mortgages