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.
CLICK HERE TO REQUEST A RATE AND TERM QUOTE?
We do not pull your credit to provide you with a proposed rate and term.