Asset Qualifier Loans

FOR BORROWERS WITH HIGHLY LIQUID ASSETS

Quick Facts

Loan Amounts up to $2.0 Million
30 Year Fixed Rate & 30 Year Interest Only Terms
DTI up to 50% with 720 FICO
Cash-Out up to $500K
Qualify on Documented & Verified Liquid Assets
Available on Primary, Second and Investment Properties
OK to Combine with Salary or Fixed Income Sources
Minimum post closing assets $500,000

Requirements

Minimum 700 FICO
Maximum LTV 75%
Max Owner Occupied Cash Out LTV 70%
Must Qualify at Fully Amortized Principal & Interest Payment
2 Full Appraisals Required > $1.5 MM Refinance or > $2.0 MM Purchase
Property Condition of C4 or Greater Required
Reserves of 6 Months Required < $1 MM, 12 Months Required >$1 MM
Seasoning of Funds - 12 Months Required

A great loan solution for borrowers with significant liquid assets. Approval is primarily based on an asset depletion model, however, this program allows for additional income sources to be considered to help qualify your borrower. This unique feature makes our Select Asset Qualifier program a stand out in the industry!

With loan amounts up to $2 million, a generous DTI ratio up to 50%, FICO scores as low as 700, a maximum LTV of 75% and a standard 30 year fixed rate, fully amortizing term, with a 10 Year interest only option (then amortizes over 20 years) this program proves how truly adaptable it is in various scenarios.

WesLend's Select Asset Qualifier program is your flexible, aggressively priced loan solution for borrowers with little or no income but with highly liquid assets. To find out more about this program, review our guidelines by clicking below or contact your Account Executive today!

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