Asset Utilization Loan
A Non-QM option for asset-rich borrowers.
An Asset Utilization loan helps brokers qualify borrowers using eligible liquid assets instead of traditional income documentation. It can be a strong fit for retirees, investors, entrepreneurs, and self-employed borrowers whose tax returns do not tell the full story.
- Minimum FICO 660
- Up to 90% LTV on Purchase and Rate & Term Refinance
- Up to 80% LTV on cash-out
- 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 60 to calculate the monthly qualifying income.
- Traditional DTI calculated using the qualifying income.
Maximum DTI 55%