Asset Qualification Loan Program Highlights
- Qualify based on veriﬁed liquid assets
- No employment | No income | No DTI
- 4506T not required
- Usable assets: 100% checking & savings, 90% stocks, bonds & mutual funds, 80% retirement funds
- Loan amounts up to $3.0MM
- Maximum cash out $2.5MM
- 5/1, 7/1, 10/1 ARMs*
- 15 and 30 year ﬁxed available
- Property types: SFR’s, PUD’s, Condos, 1-4 Units
- No mortgage or rental history required
All states (including DC) are eligible except DE, ME, MA, WY, RI.
A borrower with 25% or greater ownership interest in a business is considered self-employed.
*Interest only options available on all ARMs. No I/O in Illinois.