Asset Based Loans
Asset Utilization & Depletion Mortgages
Leverage your wealth to secure financing. Qualify for a mortgage using your assets instead of traditional income verification.
How Asset Based Loans Work
Qualify with Assets
Use your investments, savings, and retirement accounts to qualify for a mortgage.
No Income Docs Needed
Your assets are used to calculate an equivalent income, so no W-2s or tax returns are required.
Unlock Your Equity
Leverage your wealth to purchase primary homes, second homes, or investment properties.
Loan Parameters At-a-Glance
Asset Based Mortgage Loan Highlights
- Asset Utilization: These programs allow borrowers to use their assets, such as investments, savings, and retirement accounts, to qualify for a mortgage. Lenders will typically look at the borrower's overall financial picture to determine qualification.
- Property Types: Available for various property types, including primary residences, second homes, and investment properties.
- Maximum LTV: The maximum loan-to-value (LTV) ratio may vary, but you can generally expect a maximum LTV of around 80% for primary residences and 75% for second homes and investment properties.
- Rates and Fees: Non-QM loans may come with higher interest rates and fees compared to traditional conforming loans due to the increased flexibility in underwriting. It's important to compare offers.
Overall, borrowers considering a non-QM asset utilization mortgage loan program should have a good understanding of their financial situation, including their assets and liabilities, and be prepared to provide detailed documentation to the lender to demonstrate their ability to repay the loan.
Non-QM Loan Program Terms:
- Up to 90% LTV Purchase with No MI
- Up to 80% LTV Cash Out
- 599 Min FICO
- Self Employed Programs: 1099, Bank Statements, P&L
- 30 Year Fixed & 40 Year Interest Only Available
- Up to $3M Loan Amount
- 1-4 Units, Condos, Manufactured Homes, Rural
- Up to 55% DTI
Get an Instant Mortgage Rate Quote from The Mortgage Calculator
Get Your Quick Quote
Real-time mortgage pricing across conventional, FHA/VA, DSCR, bank statement, non-QM and more. Compare options and move to a full application when ready.
Programs We Price
Conventional, FHA, VA, USDA, jumbo, investor DSCR, bank statement, asset depletion, non-QM, HELOCs and more.
How Quotes Work
We use your scenario (location, credit band, property/occupancy, LTV) to match eligible programs and display live-like rates.
Next Steps
Lock a rate or continue to the full 1003. Your MLO team helps optimize terms and documentation for a smooth closing.
Loan Programs Available: FHA Mortgage Calculator, Conventional Mortgage Calculator, VA Mortgage Calculator, USDA Mortgage Calculator, Non-QM Mortgage Calculator, DSCR Mortgage Calculator, Fix & Flip Mortgage Calculator, Construction Mortgage Calculator, JUMBO Mortgage Calculator
Frequently Asked Questions for Asset Based Mortgage Loans
About The Mortgage Calculator
The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) specializing in using technology to provide access to Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan variations.
Our team of over 450 licensed Loan Originators can assist with Bank Statement Mortgages, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages, and thousands more!