Asset Utilization Loan
Ideal for retired individuals, investors, and entrepreneurs
BluePoint’s asset utilization loan lets brokers qualify retirees, investors, and entrepreneurs by converting liquid assets—checking, stocks, or retirement funds—into usable income. No tax returns, quick turn times, true Non-QM flexibility.
ASSET UTILIZATION
Use your borrower's personal and business assets to qualify them for a home loan.
- 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 84 to calculate the monthly qualifying income.
- Traditional DTI calculated using the qualifying income.
Maximum DTI 55%
See product matrix for more details.