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When a borrower owns a considerable amount of liquid assets but does not have a regular source of income, bank statements of checking or savings accounts, money market funds, stocks, mutual funds, and even amounts in retirement funds can be used as qualifying assets for this program. It takes a bit of calculation but lenders with experience find this program to be exactly what their retired borrowers need.
Chad Baker
Originating Branch Manager
NMLS #329451
858-353-8331
Licensed in: Alabama, Arizona, Arkansas, California, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
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Call (858) 353-8331 or fill out the form and we will be in touch quickly!