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CALL TODAY:
(813) 928-9610

FLORIDA
SINCE 1995
DIRECT LENDING

CLICK TO CALL TODAY:
(813) 928-9610

Pattern

Transform your
LIQUID ASSETS

into INCOME to qualify.

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.  

GET PRE-APPROVED TODAY

3 easy steps.  No cost/obligation

ASSET-BASED LENDING

Transforming your liquid asset portfolio into income to qualify.

This program is designed for applicants with significant liquid financial portfolios, but who may report little or no income on their Federal income tax returns. The term liquid financial portfolios refers to US-based bank accounts, retirement accounts, money market accounts and investment accounts, but not real estate wealth.  

There are several types of Asset-based programs in the marketplace; however the most common use of this approach, referred to as 'Asset Depletion', is applied with Conventional loan programs.

Here's how it works (for a 30 Yr Fixed Rate Fannie Mae Conventional loan):

Total Liquid Assets Minus Transaction Costs [Down Payment + Settlement Charges + Reserves] …then divide that number by 360 months. The resulting figure becomes monthly income that the lender uses to qualify the applicant.  

Conventional loans can be very restrictive in their approach, and the amount you can borrow is limited to the Conventional loan size limit for a given area (currently $647,200 in most areas of Florida); however they are NOT your only option for asset-based lending.  We offer several programs with an Asset-based income approach to meet the needs of many different scenarios.

For instance, our PRIVATE CLIENT PORTFOLIO PROGRAM offers our lowest interest rates, highest loan sizes, and uses our proprietary income calculation model, offering less restrictions and significantly more qualifying income than a Conventional loan.

Asset-based lending can be used in purchase transactions and rate & term refinances; however it is not available for cash-out refinances.  It can be used to purchase a Primary Residence, or Second Home, but generally not for Investment purposes.  The approach is designed for well-qualified applicants.

We find that our clientele with sizeable wealth portfolios are accustomed to having their money work for them, and this approach makes that goal a reality for mortgage financing.

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

Give us a call today for more information.

ASSET-BASED

LENDING

ConventionalFlexPrivate ClientFlex

WE OFFER 4 DIFFERENT TYPES OF ASSET DEPLETION

AMORTIZATION

(MONTHS)

ASSET-BASED INCOME FOR QUALIFICATION

MAX LOAN AMOUNT IN MOST AREAS OF FLORIDA

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

PURCHASE of a SINGLE-FAMILY HOME in FLORIDA

REMAINING NET ASSETS:  $750,000

(AFTER DOWN PAYMENT/ SETTLEMENT CHARGES/ RESERVES)

360

Proprietary

calculation

84

ASSET

MATCHING

$2,083/mo

$4,166/mo

$8,925/mo

N/A

$647,200

(for 2021)

$20MM

$2.5MM

$4MM

GET PRE-APPROVED TODAY

3 easy steps.  No cost/obligation

MESSAGE US

CLICK TO CALL

(813) 928-9610

HAVE A QUESTION?

AMORTIZATION

(MONTHS)

ASSET-BASED INCOME FOR QUALIFICATION

MAX LOAN AMOUNT IN MOST AREAS OF FLORIDA

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