UPTIQ Premier Mortgage, LLC | NMLS 2362651

Asset Utilization Loan

Qualify based on Assets

No Tax Returns

Need Good to Excellent Credit

Cash Out Available

Up to 80% CLTV

What is an Asset Utilization Loan?

An asset utilization loan is a mortgage program that qualifies income based on a calculation on the available liquid assets the borrower owns. This program relies on a new underwriting concept, which allows borrowers with non-traditional income streams to qualify for larger mortgages than normally allowed under traditional methods, like those used on Conventional, FHA, and VA loans.

Examples of Assets and Investments that qualify for this program: checking account balances, savings account balances, money market accounts, stocks, CDs, bonds, mutual fund accounts, retirement accounts like 401Ks and IRAs, annuities, trust funds, and hedge fund portfolios.

Asset Utilization Loan Requirements

There are a few requirements for this loan that differ from a conventional mortgage.

  • Need statements for liquid assets and investments to be sent to the lender
  • Meet the credit requirements
  • Need sufficient assets

There are other loan requirements depending on circumstance, please reach out to a loan officer for specific loan questions.

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