ASSET-BASED HOME LOANS

OUR ASSET-BASED LENDING PROGRAMS ARE DESIGNED TO USE AN APPLICANT'S WEALTH PORTFOLIO TO QUALIFY.

ASSET-BASED HOME LOAN PROGRAMS ARE DESIGNED FOR APPLICANTS WITH SUBSTANTIAL LIQUID FINANCIAL PORTFOLIOS, BUT WHO MAY EARN OR REPORT LITTLE OR NO INCOME ON THEIR FEDERAL INCOME TAX RETURNS. The term liquid financial portfolios refers to US-based bank accounts, retirement accounts, stocks, money market accounts and investment accounts, etc.

NOTE: Real Estate wealth and Cryptocurrency wealth are not considered eligible assets for this type of loan program.

There are several types of loan programs in the marketplace that offer an ASSET-BASED INCOME APPROACH (sometimes referred to as 'Asset Depletion' approach), but the most common example is a traditional Conventional loan program.

HERE IS A COMPARISON OF A CONVENTIONAL LOAN PROGRAM VS OUR OWN PRIVATE CLIENT PORTFOLIO PROGRAM.

CONVENTIONAL

(Fannie Mae)

Maximum Loan Size:

$726,200

BASIC INCOME FORMULA:

Total Liquid Assets Minus Transaction Costs (Down Payment + Settlement Charges + Reserves)

…then divide that number by 360 months.

IF THE APPLICANT HAS

$750,000

LEFT OVER AFTER CLOSING, THE INCOME CALCULATION WOULD BE

$ 2,083/mo

The resulting figure becomes monthly income that the lender uses to qualify the applicant.

PRIVATE CLIENT PORTFOLIO

Maximum Loan Size:

$3MM

INCOME BASIC FORMULA:

Total Liquid Assets Minus Transaction Costs (Down Payment + Settlement Charges + Reserves)

…then divide that number by 240 months.

+ additional underwriter discretionary income (proprietary calculation)

IF THE APPLICANT HAS

$750,000

LEFT OVER AFTER CLOSING, THE INCOME CALCULATION WOULD BE

$ 3,125/mo - $4,500/mo

The resulting figure becomes monthly income that the lender uses to qualify the applicant.

As you can see, Conventional loans can be restrictive in their approach. Additionally, the amount you can borrow is limited to the Conventional loan size limit for a given area (currently $726,200 in most areas of Florida).

Thankfully, there are other options. For instance, our Private Client Portfolio program has a much more generous approach, allowing 30% - 40% more income vs a Conventional loan. It typically has lower interest rates than Conventional programs, and best of all, WE CAN ACCOMMODATE LARGER JUMBO-SIZED LOAN SIZES UP TO $3 MILLION.

They can be used in purchase transactions, rate & term refinances, and cash-out refinances. Asset-based lending can be used to purchase a Primary Residence, or Second/Vacation homes, but is generally not intended for Investment purposes.

This type of program is designed for well-qualified applicants.

KEEP YOUR EXISTING FINANCIAL RELATIONSHIPS INTACT:

WE DO NOT REQUIRE YOU TO MOVE YOUR MONEY AROUND BETWEEN INSITUTIONS, so you can keep your existing investment/ banking/ and retirement relationships and strategies as they are.

AGE MINIMUMS:

Under our own Private Client Portfolio Program, APPLICANTS DO NOT NEED TO BE OF RETIREMENT AGE TO UTILIZE LIQUID ASSETS FOR QUALIFICATION PURPOSES. This is ideal for people who have achieved wealth earlier in their lives; as well as for people who are technically of retirement age who are looking to delay retirement withdrawals for tax purposes.
For Conventional loans, the applicant must be at least 62 years of age in order to use assets as income for qualification.

Each applicant's needs are unique, and we would love the opportunity to review your scenario together and discuss your lending options.

IF YOU ARE BUYING REAL ESTATE AND YOU'D LIKE MORE INFORMATION ABOUT OUR ASSET-BASED LENDING OPTIONS, GIVE US A CALL TODAY.

WE OFFER 4 DIFFERENT TYPES OF ASSET DEPLETION

AMORTIZATION

(MONTHS)

AMORTIZATION

(MONTHS)

ASSET-BASED INCOME FOR QUALIFICATION

MAX LOAN AMOUNT IN MOST AREAS

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Side-By-Side Comparison of different programs based on the following scenario:

PURCHASE of a SINGLE-FAMILY HOME

REMAINING NET ASSETS: $750,000

(AFTER DOWN PAYMENT/ SETTLEMENT CHARGES/ RESERVES)

Proprietary

calculation

AGE RESTRICTIONS

(Income only) *

_______________________________________________________________________________________________________________________________

AGE RESTRICTIONS

(Income only)*

* Conventional loans require that the applicant be 62 years of age in order to use liquid assets as income (asset depletion / asset annuitization).

_______________________________________________________________________________________________________________________________

This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.

CALL TODAY:(813) 928-9610

ASSET-BASED HOME LOANS

OUR ASSET-BASED LENDING PROGRAMS ARE DESIGNED TO USE AN APPLICANT'S WEALTH PORTFOLIO TO QUALIFY.

NOTE: Real Estate wealth and Cryptocurrency wealth are not considered eligible assets for this type of loan program.

There are several types of loan programs in the marketplace that offer an ASSET-BASED INCOME APPROACH (sometimes referred to as 'Asset Depletion' approach), but the most common example is a traditional Conventional loan program.

As you can see, Conventional loans can be restrictive in their approach. Additionally, the amount you can borrow is limited to the Conventional loan size limit for a given area (currently $726,200 in most areas of Florida).

They can be used in purchase transactions, rate & term refinances, and cash-out refinances. Asset-based lending can be used to purchase a Primary Residence, or Second/Vacation homes, but is generally not intended for Investment purposes.

This type of program is designed for well-qualified applicants.

KEEP YOUR EXISTING FINANCIAL RELATIONSHIPS INTACT:

WE DO NOT REQUIRE YOU TO MOVE YOUR MONEY AROUND BETWEEN INSITUTIONS, so you can keep your existing investment/ banking/ and retirement relationships and strategies as they are.

Each applicant's needs are unique, and we would love the opportunity to review your scenario together and discuss your lending options.

IF YOU ARE BUYING REAL ESTATE AND YOU'D LIKE MORE INFORMATION ABOUT OUR ASSET-BASED LENDING OPTIONS, GIVE US A CALL TODAY.

WE OFFER 4 DIFFERENT TYPES OF ASSET DEPLETION

AMORTIZATION

AMORTIZATION

ASSET-BASED INCOME FOR QUALIFICATION

ASSET-BASED INCOME FOR QUALIFICATION

MAX LOAN AMOUNT IN MOST AREAS

MAX LOAN AMOUNT IN MOST AREAS

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

Side-By-Side Comparison of different programs based on the following scenario:

PURCHASE of a SINGLE-FAMILY HOME

REMAINING NET ASSETS: $750,000

360

Proprietary

calculation

84

ASSET

$2,083/mo

$4,166/mo

$8,925/mo

N/A

$726,200

$3MM

$3MM

$4MM

NONE

AGE RESTRICTIONS

(Income only) *

NONE

62 OR OLDER *

NONE

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

AGE RESTRICTIONS

(Income only)*

* Conventional loans require that the applicant be 62 years of age in order to use liquid assets as income (asset depletion / asset annuitization).

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________

CALL TODAY:(813) 928-9610

CALL TODAY:
(813) 928-9610

CALL TODAY:
(813) 928-9610