Purchase a Home Using Portfolio Assets as a Source of Income

More assets than qualifying income? Our Asset Utilization Non-QM program allows borrowers to use their portfolio assets for a purchase, refi or cash-out while keeping the assets in place to perform and earn money.

Our Asset Utilization program is ideal for borrowers who may not have quantifiable sources of income, including:

• Retirees

• High-Net Worth Borrowers

• Self-Employed

• Entrepreneurs

• Individuals living off of their investments

These borrowers can use their portfolio and personal assets to qualify for a home mortgage, providing flexibility in obtaining financing.

• Loans from $125K to $4.0M

• Purchase, Rate & Term and Cash-Out Refinance

• 84 months to calculate qualifying income

• Borrowers do not have to be retirement age to use retirement assets

• Up to 90% LTV/CLTV

• Okay to combine full-doc with assets for qualification

• 40-year fixed 

• 30- and 40-year Interest Only

• 5/6, 7/6 and 10/6 ARMs

• Inheritance funds

• Condo Hotels

• Use cash-out to purchase a DSCR rental

• Unlimited Cash-Out up to max. LTV

• Available on Zuma Prime Non-QM

• Appraisal Transfers accepted

What is Asset Utilization?

Asset Utilization loans are sometime known as Asset Depletion or Asset-Based Mortgages. Essentially, Asset Utilization is a no-income Non-QM mortgage.

Rather than using income from employment, borrowers can use an Asset Utilization loan to qualify for a mortgage provided they have substantial assets. With this loan, their monthly income is calculated by dividing total liquid assets by 84 months. Using funds from their assets means they do not have to show income from any other source, including employment. So long as they have enough assets to pay for the loan and regular living expenses, they can qualify.

JMAC Lending’s Sr. Account Executive Brian Keith describes Asset Utilization is a sleeper product. It’s a lending tool that not enough mortgage and real estate people know about.

“There are so many different ways to use Asset Utilization to provide an incredible value and benefit for borrowers,” Keith says. “With JMAC’s Asset Utilization, borrowers can mix and match full-doc with assets to qualify. And, borrowers can use retirement assets without being of retirement age. This loan has a lot of flexibility.”

Keith says the product can provide an asset-qualifying income while the borrowers assets remain in their investment, money-making capacity.

“As an example, let’s say you are retired or self-employed and don’t have enough verifiable income to get a qualified mortgage, but you do have $1 million in eligible net assets,” Keith says. “You can use your $1 million in assets to get an Asset Utilization mortgage. With this mortgage, JMAC divides $1 million by 84 and determines you have $11,905 in qualifying monthly income.”

“This product definitely streamlines the lending process, especially for borrowers who have multiple financed properties,” Keith says. “Asset Utilization is really an incredible borrowing tool.”

Brian Keith is a Sr. Account Executive at JMAC Lending. He has been with JMAC for the past 18 years.

Learn More FROM OUR EXPERTS

For more information on the Asset Utilization program, please contact your Account Executive, submit the form above or email sales@jmaclending.com