Asset Depletion Jumbo Loan

Income Documentation Alternative:

Asset Depletion

Self Employed and W-2 Wage Earner Co-Borrower

660 Mortgage Credit Score - 80% LTV to 2 million

Questions? 858-222-7534

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640 Mortgage Credit Score - 75% LTV to 2 million

Credit Notes:

2 years seasoning required from bankruptcy discharge date

2 years seasoning required for short sales and foreclosures

Purpose:

  • Purchase
  • Refinance
  • Cash Out Refinance - $500,000 Maximum Cash Out

Property Types:

  • Single Family Residence SFR

Occupancies:

  • Owner Occupied
  • Second / Vacation Home – 80% maximum LTV

Debt to Income ratio:

  • 43% maximum DTI 

States:

Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Wisconsin

 

Reference # - 124 527030515 PS

 

Mortgage brokers/lenders perform acts for which a real estate license is required.