Asset Qualifier

This program is designed for borrowers who have significant verifiable assets and would benefit from alternative loan qualification methods.  This product is suited for High net worth individuals for qualification.

Guidelines

• Interest Only – Primary Residence Only
• Max LTV: 70%
• 1 Unit Properties Only
• Buy-down option not allowed

Product Features

• No Employment required
• Calculating monthly income by amortizing qualifying
  assets over five years with a 3% rate-of-return
• No 4506-C or tax returns required
• Max DTI 50%
• Minimum FICO: 680
• P & I reserve on the subject property only
• Assets documented with three months’ statements
• Minimum Loan Amount: $75,000