Asset Qualifier Loan

Allows clients to qualify using their liquid assets. No verification of employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements. This easy to close loan is another solution helping borrowers with their home loan needs who could not under standard agency guidelines.

Guidelines

• Loans up to $4 million with a minimum of $150,000.

• Purchase and cash-out or rate-term refinance.

• Primary residence only.

• No employment, no income, no DTI.

• Five years' seasoning foreclosure, short sale or bankruptcy.

• Rates are 30-year fixed only. Interest only program is available.

• All assets must be sourced and seasoned for a minimum of six months.

• Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves.

• Borrowers must have at least $500,000 in post-closing assets.