Program Highlights for the Asset Depletion Mortgage Program

Jan 31, 2024

Are you a borrower with substantial assets but limited traditional income? Our Asset Depletion program is designed just for you. With this innovative strategy, you can use your assets to qualify for a mortgage, even if your income doesn’t meet the traditional requirements.

Here’s how it works: We calculate how much income can be generated from your assets and combine it with your actual income to meet the debt-to-income ratio (DTI) requirements. This means that you can leverage your assets to secure the mortgage you need.

Here are some basic guidelines for the Asset Depletion program

  • Your monthly income is calculated as your net qualified assets divided by 60 months. This allows us to determine the income potential of your assets.
  • The program is available for primary residences.
  • A minimum FICO score of 700 is required.
  • The loan-to-value (LTV) ratio is set at 75%.

With our Asset Depletion program, you can unlock the full potential of your assets and achieve your homeownership goals. Contact us today to learn more about how this program can work for you.