The Amres
Asset Depletion
Program
If you are an someone who is looking to purchase a property and have significant verifiable assets, look no further. The Asset Depletion loan is a great way for borrowers to utilize the equity from their assets as collateral to obtain the loan they are in need of.
This program is designed for borrowers who have significant verifiable assets and would benefit from alternative loan qualification methods.
Asset depletion can be used as a stand-alone income qualifier or in combination with the following income documentation programs: Full Doc, Bank Statement (12/24mo), 1099, P&L, and WVOE
Allowable assets are used to determine or augment qualifying income. Employment and income are not required to be disclosed on the 1003 loan application (stand-alone Asset Depletion only).
Product Features
Minimum of 600 FICO
Loans up to $4 Million for Primary to 70% LTV
Loans up to $3.5 Million for Secondary to 75% LTV
Loans up to $3.5 Million for Investment to 75% LTV
Purch-R/T up to 90% LTV
Cash Out up to 80% LTV
Recent credit events allowed
ARMs and io options available
Multiple financed properties allowed
