Asset Utilization

Min. FICO 620 Up to 80% CLTV

Our Asset Utilization mortgage program is designed for those who may not have easily quantifiable sources of income, such as the self-employed, entrepreneurs, retirees, and those living off their investments. This program allows them to use their personal assets as a means to qualify for a home mortgage, providing flexibility in obtaining financing.

Program features
  • Loan amounts up to $4 million
  • DTI up to 55%
  • Cash-out up to 80% LTV
  • Qualifying assets / 60 months
  • 100% of checking, savings, stocks, bonds, and 70% of retirement assets
Why choose our Asset Utilization?
  • Only 3 months of reserves required
  • Gift funds allowed
  • 4 months of seasoning
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Program details

Qualifying assets / 60 months
3 months of reserves
Loan amounts up to $4 million 
Qualifying assets are 100% cash or money market, 100% from public securities, or 70% from retirement accounts. Business assets are not permitted. A 4-month seasoning of assets is required
DTI up to 55% on owner-occupied 
Min FICO 620 
Up to 80% СLTV
Owner-occupied, second home, and investment properties 
Max cash-in-hand $1 million, no limit for LTV < 55% 
Gift funds are allowed, the borrower must contribute at least 20% from their own funds with a maximum of 80% CLTV. Gift funds are not allowed for CLTV above 80%
0x30x12 and 0x90x24 for Super Prime, 0x60x12 for Prime 
24 months out of credit event for Super Prime, 12 months out of credit event for Prime 
SFR, townhomes, condo warrantable/non-warrantable, condotel, 2-4 units (not available for 2nd home), PUD, SFR rural, manufactured housing, short-term rentals, leasehold 
30 & 40-year fixed, 5/6 & 7/6 ARM 
120 months of I/O period, 240/360 months of amortization, qualified at amortized PITIA payment after I/O period, IO product not allowed in IL 
US citizenship, Permanent & Non-Permanent Resident, ITIN
Individuals, LLCs/Corp without a hit 
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Asset Utilization FAQ

Can borrowers qualify for a mortgage if they do not have income from a job?

Not all potential homeowners choose to fund their home loans in the same way. Sometimes, their income can come from non-traditional sources, such as being self-employed or retired. In some cases, the majority of a person’s actual savings can be in the assets they own rather than in their job income. If lenders looked at job income alone, these people would not qualify for a home loan, but the value of their assets could be plenty to assure the lender that they are not a risk. That is why we have asset utilization programs.

How does an Asset Utilization Loan work?

Rather than using their income from employment, borrowers use an asset utilization loan to qualify for a mortgage provided they have substantial assets. In this case, their monthly income is calculated by dividing total liquid assets by 60 months. Using funds from their assets means they do not have to show income from any other source, including employment. So long as they have enough assets to pay for the loan and regular living expenses, they can qualify.

Do your clients need to cash in their assets to get approved?

No, they do not. The assets are solely used to demonstrate that they have the ability to repay the loan. We look at liquid assets as their loan collateral, similar to how W2s and pay stubs are evaluated for a traditional Government or Conventional loan.

What types of assets can help your clients get qualified?

Only certain types of assets will help them qualify for an asset utilization loan. These include their checking or savings accounts, money market accounts, CD (certificate of deposit) accounts, and so on. Certain types of retirement accounts can also qualify, like a 401(k) or an IRA. In addition, certain types of investment accounts like mutual funds, stocks, and bonds may also qualify.

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