WHAT IS AN ASSET UTILIZATION LOAN?
An Asset Utilization loan allows borrowers to qualify for a mortgage using their liquid assets rather than employment income. It’s an ideal solution for retirees, investors, and self-employed individuals who have significant financial assets but may not have traditional income documentation.
ASSET UTILIZATION
LOAN OVERVIEW:
This program evaluates assets such as savings, investments, and retirement funds to determine a borrower’s ability to repay a mortgage. It eliminates the need for employment income or tax returns and provides an alternate path to loan approval.
PROGRAM BENEFITS
- Qualifying assets / 60-month period
- Loan amounts up to $4 million
- No employment or income verification required
REQUIREMENTS
- Minimum FICO: 620
- Up to 80% CLTV
- Minimum 3 months of reserves
- Proof of sufficient eligible assets
LOAN OPTIONS:
Ideal for individuals with substantial assets but limited income. Asset Utilization loans can be used for primary or secondary homes and offer a flexible alternative to traditional mortgage qualification.
How Do You Qualify for a Asset Utilization Loan?
Give us a call at (213) 810-2091 to review your assets and determine your eligibility. Our team will guide you through how your current financial holdings can help you secure your next home.
HOW LOW WILL YOUR PAYMENT BE?