Have High Liquid Assets but Low/No Income? No Problem!
ASSET BASED LENDING AFTER QM (Qualified Mortgage Rule)
Just sell a business? Are You Retired? Win the lottery? Still working but don’t have enough income to qualify?
We have a Solution For You !
PORTFOLIO ASSET INCOME PROGRAM
“An Asset Income loan is designed for your borrower(s)who have a high net-worth, accumulated significant liquid assets and may use those assets,in addition to verified household income,to repay mortgage debt“
FEATURES & BENEFITS INCLUDE:
Allows Borrowers to use liquid assets in addition to their verified income to qualify for a mortgage
- Purchase, Rate & Term & Cash Out
- Loan Amounts to $4,000,000, case by case higher
- Cash Out to $3,500,000
- 740 minimumfor primary borrower and co-borrower
- Owner-Occupied 1-2 unit and 2ndhomes.
- LTVs to 70%
- Debt-to-Income Ratio to 45%
- 3/1, 5/1, 7/1 & 10/1 Programs available
- Minimum $1 Million in Qualified Liquid Assets
- Available in 46 States ( excl LA, AL, MS, AR )