<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=981546022040035&amp;ev=PageView&amp;noscript=1">

APM BLOG

SCROLL

Our Blog Puts YOU in the Driver’s Seat

Helping customers like you achieve their financial goals is all we do, which is why we’re arming you with our expert insight, tips, and advice to help you get there.

Having Difficulty Qualifying For Any Home Loan Programs Even With a High Net Worth? Consider Our Asset Inclusion Loan Program

It can be challenging for some to qualify for a mortgage, even with a high net worth.

Home Loan Programs Asset Inclusion (1).jpgFor some professionals, like freelancers and consultants, the unsteady or unconventional monthly income stream can create barriers when applying for a home loan. If this resonates, you’ve come to the right place!

American Pacific Mortgage is all about finding solutions for every type of borrower. Our Asset Inclusion Loan Program may be able to help you get into your dream home.

What is the Asset Inclusion Home Loan Program?

One of the questions you can expect from your mortgage lender is: How is your monthly income derived? If it’s an unsteady or irregular monthly income, that does not mean that you can’t get a loan. If you have high assets, this new program may work for you. With the Asset Inclusion Loan Program, a buyer can factor in the assets they have remaining – after their down payment and closing costs – as sources of qualifying income. A formula will be used to determine a percentage of the remaining assets and when divided by the months of the loan, this amount can be used as your monthly income in order to qualify for a loan.

Can it Really Work for You?

The level of assets you have will determine how much of a loan you can qualify for. There are some other qualifications to consider as well:

  • Loan amounts to $1.5 million (minimum $100K)
  • Up to 80 percent Loan-to-Value
  • Minimum FICO score of 700
  • No maximum Debt-to-Income ratio
  • Escrow account required
  • 7-year seasoning for foreclosure or short sale
  • Primary, secondary, and investment properties are eligible
  • Not available in Hawaii and Nevada


You don’t have to keep searching for another lender to help you. You found American Pacific Mortgage. Let our loan advisors determine if our asset inclusion home loan program is what you need today.

 

TOP POSTS

3 Ways to Get Creative when Paying Closing Costs
3 Ways to Get Creative when Paying Closing Costs
Read Article
How Much One Extra Mortgage Payment Can Save You
How Much One Extra Mortgage Payment Can Save You
Read Article
2020 Home Improvements with the Highest ROI
2020 Home Improvements with the Highest ROI
Read Article

Want more great content right in your inbox?

RECENT POSTS

Understanding When You Need a Jumbo Loan
Understanding When You Need a Jumbo Loan
Read Article
What Is a Conventional Loan?
What Is a Conventional Loan?
Read Article
What Is an FHA Loan?
What Is an FHA Loan?
Read Article