Asset Utilization | Asset Based

Aka Asset Only or Asset Depletion

We Have Mortgage Options Others Don't

Proudly serving
CA | FL | GA | NC | SC

Do Any of These Describe You?​

  • Income is Generated from Savings
  • Have Large Sums of Money Saved
  • Have Enough Savings to Purchase Outright / Pay Off Mortgage

Then Keep Reading!

Program Highlights

  • Mortgage qualify using assets ONLY
  • Asset Based Mortgages are for people who don’t need financing but prefer a mortgage. Eligible Assets: Checking, Savings, Investments, Retirement
  • Loan Types:
    • Home Purchase Mortgage
    • Rate/Term Refinance Mortgage (lower payment, get out of hard money, etc.)
    • Cash Out Refinance Mortgage (debt consolidation, business loans, etc.)

People who purchase / refinance homes without employment face programs that limit qualifying income to retirement distributions and previous 2-year tax return figures, even if savings are $1M+.

The result? Those who saved enormous amounts of money (and could purchase / pay off their mortgage with cash) have very limited mortgage options, or worse, denied altogether. So instead, most people pay cash or don’t capitalize on lower rates / increased equity.

Those aren’t the only options! Lenders exist who allow total savings to qualify, and they don’t use retirement distributions or tax returns. These programs are known as Asset-Based / Asset Depletion.

Generally, they require savings to cover the purchase price + all cash needed at closing + reserves. In other words, they ensure you have enough money to pay off the home + savings left over. You don’t pledge savings or adjust retirement distributions. We just prove you have the money!

We Have Mortgage Options Others Don't

Proudly serving
CA | FL | GA | NC | SC

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