Underwriting at a glance

Minimum FICO

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Max LTV (purchase / rate-term)

-

Max LTV (cash-out)

-

Loan amount

-

Documentation

asset-depletion, alt-doc

States

most states

Highlights

• •Allows use of eligible assets as income for qualification
• •Qualify based on liquid assets instead of employment income
• •100% of checking, savings, and money market accounts included
• •80% of publicly traded stocks and bonds included
• •Vested retirement accounts eligible at 60% or 70% based on age
• •CDs eligible at 100% of pre-maturity surrender value
• •Requires 3 months of asset seasoning
• •Assets must be seasoned for three consecutive months
• •Leverage stocks, bonds, mutual funds, and retirement accounts
• •Increase purchasing power without liquidating investments
• •Use assets as stand-alone income source
• •Combine with W-2 or bank statement income
• •Ideal for retirees and high-net-worth clients
• •Eliminates need for gift funds or co-signers
• •Combine assets with W-2 or alternative income documentation
• •Ideal for retirees and high net worth borrowers