This program is for borrowers who have high assets, but an unsteady or unconventional monthly income. Borrowers can factor in a percentage of the assets they have remaining, after their down payment and closing costs, as sources of qualifying income to add to their monthly pay. The loan uses a formula to come up with an amount of qualifying monthly income derived from your assets.
This type of home loan program might benefit you if you are:
Assets that are eligible for this program cannot be counted dually, meaning that the assets you use to show your original income and reserves can’t also be used in the formula to determine additional qualifying income.
Some examples of eligible assets are:
Don’t let inconsistent monthly income stop you from purchasing a home if you have the assets to qualify. American Pacific Mortgage is happy to provide home loan options to fit your needs, including high asset home loans. Let one of our knowledgeable loan advisors help you open that door to homeownership.