Asset Utilization Home Loan
Simpler mortgages for non-traditional borrowers
Conventional Loans | Asset Utilization Loans | |
|---|---|---|
 No employment documentation or verification required |  |  |
 Only 1 month bank statement | | |
 100% Gift Funds Accepted For Down Payments, Closing Costs, Etc. | | |
 Loan amounts | Up to $766,550 | Up To $3,000,000* |
 Minimum FICO score required | 620 | 660 |
 Minimum down payment required | As low as 3% | 20%** |
 Adjustable Rate, Fixed Rate and | | |
 Home purchase and refinance available, including cash-out refinance | | |
 2nd home and multifamily properties allowed | | |
Information in this chart is applicable to the purchase of a primary residence only.
*A loan up to $3,000,000 requires minimum 30% down payment and minimum FICO score of 740.
**20% Down payment required minimum 660 credit score and has a maximum $1.5 million loan amount.
Asset Utilization Loan Highlights
Borrowers Who Benefit
- Retirees
- Day Traders
- Serial entrepreneurs
- Trust beneficiaries
Recognized as a top mortgage lender
Quontic’s loan officers may help make the loan process simple and seamless. With mortgage experience across multiple loan programs spanning decades, they are a diverse and multi-lingual team ready to walk you through each step of the mortgage process. And with hundreds of 5 star reviews from our customers, you can trust you’ll get a customized experience that makes your purchase or refinance goals a reality.
Frequently Asked Questions
What is an asset utilization mortgage loan?
An asset utilization mortgage loan is a type of mortgage loan that allows borrowers to use their liquid assets, such as cash, stocks, or bonds, to qualify for a loan. This type of loan is often used by borrowers who have difficulty qualifying for a traditional mortgage loan.
What are the requirements for an asset utilization mortgage loan?
What are the benefits of an asset utilization mortgage loan?
How do I get an asset utilization mortgage loan?
To get an asset utilization mortgage loan, you will need to start by requesting to speak with a Quontic mortgage specialist. You will need to provide documentation of your liquid assets, such as bank statements, brokerage statements, or investment statements. We will then review your liquid assets to determine your eligibility for a loan.
Disclaimer:
1All lending products are subject to approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. This does not represent an offer to enter into a loan agreement. Other requirements, restrictions & limitations apply. Information is accurate as of August 15, 2024 & is subject to change without notice.
2The Federal Housing Agency based on single unit as of August 15, 2024
