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* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that any loan we be approved. Licensed in Florida Only © 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I


Carlos Matos I Florida Direct Lenders
What is an Asset Depletion Loan? An Asset Depletion Loan, also known as an asset based loan, is a type of non-QM loan that allows borrowers to use their assets to qualify for a mortgage loan instead of employment and/or self-employment income. Your “Ability-to-Repay” is determined by assets. In some cases, if assets alone do not suffice, it may be combination with bank statements, W2 and other qualified income with underwriting approval Whether you are a retiree with a small fixed income, a new business or an established company that needs to maintain a high cash flow, the ease and benefits of asset-based loans and mortgages have made them a popular solution for borrowers in recent years. What Asset Can Be Utilized To Qualify? Checking & Savings accounts, Money-market accounts, CDs, Publicly Traded Stocks, Bonds, Mutual funds, Trusts, IRAs and 401ks that have cash conversion liquidity or any asset that can be liquidated into cash. Hard assets like a fleet of equipment, land, real estate, commodities or the like cannot be used. How it Works Borrowers with substantial liquid assets can be used to establish a monthly income to purchases or refinance properties. You do not need to pledge, transfer or establishing a new depository relationship for your assets to get approved! Monthly Income Calculation Simply divide your liquid assets by 60 which equals your qualifying monthly income and loan amount. Please note that depending on the program. Please Note: Not all assets value are counted the equally. Highlights Max Loan Amount $5,000,000 Min Loan Amount $200,000 Minimum Credit Scores start at 660 As little as 20% down payment for purchases available No employment or income (Ability-to-Repay (ATR) is determined by assets. In some cases if assets alone do not suffice, it may be combination with bank statements, W2 and other qualified income with underwriting approval Cash-out and Interest-only options available Property Types ( Primary, 2nd Homes & Investment Properties) Non-Warrantable Condos, Co-ops and Condotels OK Reserves vary (3 to 6 months) based on program No rate adjustments apply to the program Only one appraisal required regardless of loan amount or cash out Debt to Income (DTI) Ratio not calculated (in most cases) Note: Mortgage Asset Loan income can be used in conjunction with all other income sources such as W2, self- employed, pension, Social Security or rental income What are the Benefits of Asset-Based Loans? As with any type of borrowing, there are pros and cons to an asset based loan. The primary benefit of an asset depletion or asset based loan is that you can make use of assets you already have, regardless of your current financial status . This means that your current income will not be factors for loan approval. Asset based loans are designed for home buyers and home owners who have significant, verifiable assets and who cannot qualify for traditional financing
Qualify for a Mortgage using Assets - Loans to $5 Million and Cash Out Refi to $2 Million -  Available For: Single Family Residence, Condos and Multi-Family Aside from the Military outreach programs that we proudly support.  Carlos Matos  CEO &FOUNDER CLICK HERE FOR A  RATE QUOTE   OBTAIN PRE-APPROVAL LETTER TODAY Its Easy! Fast! and No Obligations


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Florida’s Top Rated DIRECT MORTGAGE Lender I A+ BBB RATED

1st Florida Lending


800-655-1345 I CALL OR TEXT us AT 407-300-2558

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State of Florida, offering over 48 loans programs

including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement

Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank

Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA

and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407)

300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial

Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.