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You are here: Home / Assets Loan

Assets Loan

Assets Loan
For High Net Worth Buyer.

•  Qualification is based on assets.

•  10% Down Payment (760+ Credit Score)
15% Down Payment (700-759 Credit Score)
20% Down Payment (680-699 Credit Score)

•  680 Minimum Credit Score.

•  6 Months of most recent statements.

•  Minimum $250,000 Loan Amount

ELIGIBLE ASSETS:
•  100% of checking, savings, money market accounts
•  70% of stocks, bonds, mutual funds
•  70% of retirement assets if borrower is of retirement age (59 1/2)
•  60% of retirement assets if borrower is not of retirement age

MINIMUM ELIGIBLE ASSETS:
= The lower of $1M or 150% of Loan Amount

QUALIFYING MONTHLY INCOME:
= (Total Eligible Assets – down payment – closing costs – required reserves)   %   100

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© 2023 Elegant Loans, Corp.
5811 Memorial Hwy #201
Tampa, FL 33615
+1 727 734 5051
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