Assets Depletion Loan

Loan Features:

  • Min FICO 680
  • Loan amount up to 3M
  • Max cash out $1.5M
  • Income qualification based on verified liquid assets
  • 15 & 30 year fixed; 5/1, 7/1, 10/1 ARMS
  • Employment and Income are not required to be disclosed on the 1003
  • Full asset documentation required for funds to close, reserves and qualifying asset requirements
  • Assets can be cash in the bank, stocks, bonds, IRAs, 401ks, mutual funds or retirement accounts
  • Asset levels in the verified accounts are expected to be consistent and sustained

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