Asset Depletion Loan

Perfect for Borrowers with High Net Worth and Significant Assets but their income isn’t sufficient to qualify for a mortgage loan. Asset Depletion Loans, allow the lender to underwrite the loan using the borrower’s assets, based on a projected depletion of the assets, to be considered as income. While Non-Qualified and Non-Agency loan programs are constantly evolving please reference the below guidelines to assist you in determining if an Asset Depletion Loan program is right for you:

Up to 75% Loan-To-Value (purchase only)
5 year waiting period on a Foreclosure, Short Sale, Bankruptcy, or Deed-In-Lieu
Credit score of 700+ required
Loans up to $3 million (minimum Loan $150,000)
No Debt-To-Income restrictions
Requires 60 months of recurring monthly payments post-closing
No 4506 required
Must document minimum $500,000 in post-closing assets
Primary residence only
Assets must be sourced/seasoned for a minimum of 12 months

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Equal Housing is sponsored by Millennial Home Loans, LLC. Millennial Home Loans, LLC NMLS #1221523; Licensed in Maryland as a Mortgage Lender License by the Department of Labor, Licensing and Regulation #21387, Pennsylvania as a Mortgage Broker License by the Pennsylvania Department of Banking #47955, and in Virginia as a Broker License by the Bureau of Financial Institutions #MC-6731. Copyright © 2018 All Rights Reserved. All mortgage loans are arranged through third (3rd) party providers.