Asset Based Loans

Asset Based loans are mortgages meant for individuals with non-traditional income, typically people with substantial assets but no real income. Think of a high-net-worth individual who wants a mortgage but doesn’t actually work.

Asset Based can also be used to supplement other income to help lower the debt-to-income ratio and meet ability-to-repay requirements, subject to certain limitations.

We have a couple of options for this program based on qualified assets and credit score, borrower may not have less than $450k in liquid assets. Here are the minimums to establish your eligible monthly income based on your assets:

  1. 1.5 times the loan balance (net of down payment, closing costs, and required reserves ), or 
  2. $1mm in Qualified Assets (net of down payment, closing costs, and required reserves )

  • Monthly Income = Net Qualified Assets / 60 Months

At Castle Rock Mortgage LLC, we find you the best home loans in Arizona and Colorado based on what you want. We’re your mortgage broker, and we’re happy to do the heavy lifting so you can focus on the exciting life changes ahead of you!

Call us at any time to talk about quotes or ask us any questions at all.