Assets for Qualifying Income
The depletion of assets for income program is geared towards highly qualified borrowers with a track record of proven credit responsibility and financial stability. This unique type of financing is used to offset Debt to Income (DTI) requirements by using liquid assets as return for income to qualify for financing. The assets are simply verified, NOT pledged or collateralized.
Minimum 720+ credit score required to obtain financing. Up to 70% financing available. Must be 62 or older to use retirement account assets to qualify.