Income types

Asset utilization loans.

Borrowers with liquid assets and little or irregular income, such as retirees and investors.
8 cakes take itGuidelines(opens in a new tab)

8 cakes take asset utilization.

Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.

What the file needs.

Net qualified assets divided by 60 months. Cash counts at 100%, stocks and bonds at 70%, retirement at 70% from age 59½ and 50% before.

  • The three most recent monthly statements or a quarterly statement for each asset, seasoned 30 days
  • Assets in the borrower’s own name; business funds and real estate equity are not eligible
  • Bitcoin and Ethereum on a major exchange count at 50%, over 84 months
  • Gift funds allowed up to 80% LTV

From the Non-QM guidelines, version 5.0, section 6.8. The guidelines and matrix govern every file.

Read the guidelines (PDF, opens in a new tab)

Check a scenario.

Move the score, LTV, and loan amount. The cakes that take it line up.

How the borrower documents income

680
80%
$1M

8 cakes take this file

10 counting their Lite and Investor versions

  • Pound Cake Lite660+ · 85% · $3M
  • Cup Cakealso Investor620+ · 80% · $3M
  • Sponge Cakealso Lite620+ · 80% · $3M
  • Bundt Cake660+ · 80% · $3M
  • Cheese Cake660+ · 80% · $3M
  • Funnel Cake660+ · 80% · $3M
  • Velvet Cake660+ · 80% · $3M
  • Coffee Cake Lite680+ · 80% · $3M
Price it with an AEAsset utilization: every cake

Limits from the published matrices. The guidelines govern every file.

Other ways to document income

Have one of these files?

Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.

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