Asset Utilization
We generate and enhance income by leveraging borrower financial assets. We combine regular income sources with asset depletion to establish or enhance total income, assisting borrowers in meeting the necessary DTI ratios.
Ideal for retired borrowers with significant cash, stocks, bonds, or other liquid assets but limited retirement incomes, who desire a manageable monthly mortgage payment. Interest-only option decreases monthly payments and enables borrowers to maintain assets that could potentially yield higher returns.
- Combine with W-2 income or pension
- Allowance to use IRA’s if under 59.5 years old
- Allowance to use non-IRA stocks, bonds, etc.
- Up to 50% Debt-to-Income ratio
- Loan amounts ranging from $400K to $2.0M
- Only 3 months of bank statements needed
EXAMPLE: Assets Divided Over 84 Months
- $400K in Assets = $5,000 Monthly Income
- $800K in Assets = $10,000 Monthly Income
- $1.6M in Assets = $20,000 Monthly Income
Contact our office to see if your assets can be used to qualify you for a loan, we’ll connect you to a loan consultant who is experienced with calculating assets for qualification purposes.