Asset-Based Loan

Asset-Based (Bank Statement) Loans in (VT) Vermont

Mansfield Mortgage Professionals are your local Vermont asset-based loan experts. Ready for an asset based mortgage loan? There are two qualifications to consider when applying: asset and based on bank statements. Contact Mansfield Mortgage Professionals today to learn more and apply for an asset-based loan!

There are two separate qualification options that take into consideration all the income and assets self-employed high net worth borrowers have at their disposal.

Mortgage Loan Home Sold

Asset Base Loan (Option 1):

Personal or business statements allowed

  • Borrowers are qualified based on verified liquid assets
  • Foreign Nationals allowed
  • Credit scores as low as 680
  • Loan amounts up to $3 million
  • Minimum loan amount $100,000
  • Multiple Options (5/1, 7/1, 10/1 ARM; 15 and 30 Year Fixed Available)
  • Max cash out $1.5 million
  • Employment and income are not required to be disclosed on the 1003 loan application
  • Upon meeting fund seasoning from an approved bank, no domestic seasoning required

Bank Statement Loan (Option 2):

(New) Personal or business statements allowed

Retirement and other income allowed. Self-Employed Borrowers* using Bank Statements with or without Asset Amortization. One borrower must be self-employed and may have a W-2 co-borrower.

  • Loan amounts up to $3 million
  • Minimum loan amount $100,000
  • Multiple Options (5/1, 7/1, 10/1 ARM; 15 and 30 Year Fixed Available)
  • Max cash out $1.5 million

DTI (debt income ratio) up to 50%