Asset Utilization
Best for high-net-worth borrowers with substantial assets
Get Your Quote“Eric is a very experienced lender with great communication. He's wonderful to work with always meets timelines or beats them. Working with Eric is a pleasure and I recommend utilizing his services.”
Ca Perry
Asset Utilization Loans allow borrowers to qualify using their assets instead of traditional income, ideal for those with significant savings or investments but irregular income.
Benefits
- Qualify using assets, not regular income
- No need for employment verification
- Ideal for retirees or investors with high asset value
- Flexible qualification requirements
- Available for primary, secondary, or investment properties
- Competitive rates based on asset strength
- Streamlined approval process
Eligibility requirements
- Significant liquid assets (savings, stocks, bonds)
- Minimum credit score, typically 680+
- Assets must cover loan payments for a set term
- Property must meet lender criteria
- No recent major credit issues
- Sufficient cash reserves to cover additional costs
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team@mymortgageally.comOther loans
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HELOC
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W-2 Only
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A flexible loan for those who need to buy a new home before selling their current one.
- Bridge the gap
- Less stress
- Short-term financing
Bridge Loan
Buy a new home before your old one sells with this temporary financing.
- Access cash quickly
- Move before selling
- Short-term support
Jumbo Loan
For high-value properties needing larger loans that exceed conforming limits.
- Higher loan limits
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VA Loan
Exclusive to veterans, active military members, and their families, providing unbeatable benefits.
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Conventional Loan
A solid option for most homebuyers who have a good credit score and a stable down payment.
- Flexible terms
- Low interest rates
- No surprises
FHA Loan
Perfect for first-time buyers or those with limited down payment savings.
- Low down payments
- Easier qualification
- Competitive rates
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