Block 1

Ready Asset Income Qualification

This option allows your clients to get approved for a mortgage with no income! Great for the high net worth borrower or retired individual that has seasoned assets.


Ready Asset Highlights

  • No income necessary
  • Calculate income by beginning with the asset account balance:
    • Subtract penalties (if applicable)
    • Subtract taxes

Ready Asset Documentation Requirements

  • 2 most recent consecutive asset statements
    • Assets must be seasoned 60 days prior to close
    • Unusual or uncharacteristic deposits must be sourced
  • Assets must meet or exceed the total liabilities

Want to talk to a member of our team? Call 1-800-652-3074