Are you Cash Rich, but Monthly Income Challenged?
You may qualify for our Asset Depletion Loan Option
•No tax returns required
•Net assets divided by 60 = monthly income
•Up to 50% DTI
•Loan amounts up to $7,000,000 or more
•100 % of retirement assets is OK
•You can use other documented income in addition to asset depletion income to qualify!!
Asset depletion is a calculation where a borrower's liquid assets determine a qualifying monthly income and loan amount. Liquid assets generally include checking, savings, or stock investments etc. that could easily liquidated or turned into cash.
We do not pull your credit to provide you with a proposed rate and term.