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Asset Depletion Mortgage Highlights

Asset Depletion Mortgage

Asset depletion is a method for calculating monthly income by dividing a borrower’s total assets by a set number of months. The borrower is not required to cash in their assets as they’re only used to demonstrate an ability to make the mortgage and housing payments. This is a great solution for home buyers that have significant assets but difficulty proving income.

  • Asset depletion is used to establish monthly income for borrowers using their assets
  • The automated calculator uses a 4% rate of return on the assets plus depletion
  • Assets are used at 100% of face value including retirement accounts if the borrower is age 59 1/2 or
    older. If under 59 1/2, 100% of liquid accounts and 50% of retirement accounts can be used

 Asset Depletion Program

  • No Rate or Pricing Adjustment
  • Can be combined with all income sources (W-2, S/E, Retirement & Rental)
  • Easy-to-Use Calculator establishes a monthly income using Assets.
  • All collateral types including, condos, non-warrantable condos, condo-tels, co-ops, & hobby farms with acreage.
  • All occupancy types – owner-occupied, 2nd homes & investment properties
  • Cash-Out proceeds can be used as assets.
  • Loan amounts up to $3,000,000

Contact Coast 2 Coast today to learn more, please call ph: 904-810-2293 or just submit the Quick Request Form on this page.

Filed Under: Florida Mortgage Tagged With: Asset depletion home loan, Asset depletion lenders, Asset depletion mortgage

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CONTACT US

904-810-2293
redd@coast2coastlending.com
Coast 2 Coast Lending
93 King St
St. Augustine, FL 32084
Branch NMLS# 2047476

NMLS CORPORATE ID #1850
NMLS Consumer Access


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© 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Have questions? Please submit the Quick Request Form 7 days a week for assistance.