Asset Utilization
Ideal for retired individuals, investors, and entrepreneurs
Use liquid assets to qualify your borrower for a home loan such as checking, saving, stocks, IRA, 401K, and more…
ASSET UTILIZATION
Use your borrower's personal and business assets to qualify them for a home loan.
- Minimum FICO 660
- Up to 80% LTV on Purchase and Rate & Term Refinance
- 100% of Checking, Savings, and Money Market Accounts
- 70% of Stocks, Bonds, and Mutual Funds
- 70% of Retirement accounts if the borrower is over 59½
- 60% of Retirement accounts if the borrower is under 59½
- Eligible liquid assets are divided by 84 to calculate the monthly qualifying income.
- Traditional DTI calculated using the qualifying income.
Maximum DTI 55%
See product matrix for more details.