Asset Qualifier Non-QM Jumbo Home Loans
Credit scores starting at 700
Up to 75% LTV
Asset Qualifier loan product is for borrower’s to qualify using their liquid assets. We do not require employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements. We have helped retirees, underserved self-employed, divorced with no income, and other borrowers with required seasoned assets to purchase or refinance. This easy to close loan is another solution helping borrowers with their home loan needs who could not under Agency guidelines.
Loans up to $3 million, Minimum loan of $250,000
No employment, no income, no DTI
Rates are 30-year fixed
Five years seasoning foreclosure, short sale or bankruptcy
Primary residence, purchase or refinance
Interest only program available
Non-warrantable condos allowed
All assets must be sourced and seasoned for a minimum of six months
Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves
Borrowers must have at least $500,000 in post-closing assets.
