FOR BORROWERS WITH HIGHLY LIQUID ASSETS

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MVP Asset Utilization

• ​90% - $1,000,000 700 FICO
• 80% - $2,000,000 720 FICO
• 75% - $3,000,000 720 FICO
• 70% - $4,000,000 720 FICO
• Ask about FICOs down to 680
• 3 months bank statements required
• Cash in bank – 100%
• Stocks – 70%
• Retirement - 70% if 59.5+
• Qualify by dividing assets by 84
• Max DTI 43%
• Combine with full doc and remove min asset
• 2nd home and non owners too!
• No gift funds allowed
• Cash out = reserves

VIP Asset Depletion

• 75% - $1,500,000 660 FICO
• 70% - $2,000,000 660 FICO
• 70% - $3,000,000 680 FICO
• 6 months bank statements required
• Min post closing $250,000
• Cash in bank – 100%
• Stocks – 90%
• Retirement - 80%
• Qualify by dividing asset by 84
• Combine with full doc!
• Max DTI 50%
• 2nd homes & non owners too
• 1 appraisal to $2,000,000
• Gift funds OK
• Cash out = reserves

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Two great loan solutions for borrowers with significant liquid assets.  Approval is primarily based on an asset depletion model, however, these programs can combine asset qualifying with full doc.  This allows for an additional income source to be considered to help qualify your borrower. More income = more purchasing power!

Here's why these Asset Qualifier programs are an excellent addition to your loan offerings:

​1. Competitive advantage in the market: By offering asset depletion loans, mortgage brokers can gain a competitive edge in the market. These loans are not as widely available as traditional mortgage programs, so brokers who provide this option differentiate themselves from their competitors. This unique loan offering can attract borrowers who have significant assets but struggle to qualify for mortgages through traditional means. By being able to provide a solution tailored to their needs, brokers can establish themselves as trusted advisors and increase their market share in the mortgage lending industry.

2. Increased lending opportunities: Asset depletion loans enable mortgage brokers to extend lending opportunities to borrowers who have substantial assets but may have limited income or unconventional income sources. These loans consider the borrower's asset base as a source of income, allowing them to qualify for a mortgage based on their asset value and potential income generated from those assets. This widens the pool of eligible borrowers, creating more lending opportunities for brokers and increasing their potential revenue.

3. Customized solutions for high-net-worth borrowers: Asset depletion loans are particularly beneficial for high-net-worth borrowers who may have significant assets but irregular income or complex financial situations. By offering this loan program, mortgage brokers can provide tailored solutions that take into account the unique circumstances of these borrowers. This allows brokers to build stronger relationships with affluent clients, offering them specialized financial services and gaining their trust for future business transactions.

​​Contact us today to learn more about how Asset Qualifier Loans can elevate your lending capabilities and help grow your business.

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