Asset Utilization

What is an Asset Utilization Loan?

An asset utilization loan is a mortgage program that, for qualifying purposes, calculates a monthly amount to determine income, based upon available liquid assets the borrower owns.

Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments.

When a borrower owns considerable liquid assets but does not have a regular source of income, they can be turned down when mortgage lenders try to apply traditional mortgage guidelines. This frustrates borrowers who may have enough funds in the bank to buy the property with cash but because there is no verifiable, stable income, most loans won’t work. In this instance, an asset utilization loan can help.

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