Non-QM Asset Utilization

60 Month Asset Utilization Qualification

Qualify by dividing assets over 60 months!

  • Up to 80% LTV – Purchase / Rate and Term
  • Up to 75% LTV Cash-out Refinance
  • Assets seasoned for a minimum of three (3) months
  • Minimum FICO 600
  • Owner-Occupied, 2nd home or Investment
  • Qualify with:
    • Just Assets OR Blended with One or Two Yr. Full Doc, Bank Statements, WVOE, 1099 or P&L

  • Liquid assets can be:
    • Savings and Checking

    • Stocks, bonds, mutual funds

    • Vested amount of retirement and money market accounts

How to Calculate Asset Utilization

  • The qualified assets to be used are divided by 60 months.
  • Ex. $300,000 in qualified assets = $5,000 additional monthly income

No Ratio Owner Occupied

Qualify your borrower based on their immediate cash on hand!

  • Maximum LTV 80%
  • Minimum FICO 600
  • Qualified assets must cover the new loan amount, down payment, closing costs, required reserves, and five (5) years of current monthly obligations.
  • There is NO Debt Ratio Calculation
  • Income not required to be disclosed on 1003
  • Purchase, Rate/Term, or Cash Out Refi
  • Show Three (3) months of qualifying assets

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