Loan Program
Asset-Based Qualification Loan
A mortgage that may use eligible verified assets to calculate qualifying monthly income.
A mortgage that may use eligible verified assets to calculate qualifying monthly income.
Program overview
- Qualifying assets are converted to monthly income using the program methodology.
- The source guidelines call for asset statements and do not require employment for this qualification path.
- Eligible assets, account history, credit, reserves, occupancy, and property requirements apply.
Who this may help
Borrowers with significant verifiable assets who may benefit from asset-based qualification.
Key guidelines
- Qualifying assets are converted to monthly income using the program methodology.
- The source guidelines call for asset statements and do not require employment for this qualification path.
- Eligible assets, account history, credit, reserves, occupancy, and property requirements apply.
Important notes
Program information is summarized from the current wholesale source guidelines. Requirements and availability may change. A complete borrower, property, and transaction review is required before determining whether an option is available.
Best next step
Contact RGI Mortgage to review the complete scenario and compare available options.
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Next Step
Questions about this loan program?
Talk with RGI Mortgage about whether this option may fit your situation before choosing a loan path.