Asset Utilization Loans | Qualify with Assets, Not Income – Non-QM Mortgages

Tired of traditional lenders dragging out your assets over the full loan term? With MTGQuote's Non-QM Alt-Doc program, we divide your qualified assets over just 60 months for a higher qualifying income—perfect for retirees, self-employed pros, and investors ready to buy without the income verification hassle. No minimum assets required, and a no-DTI option to keep things flexible. Start Your Free Quote now! It Takes less than 2 Minutes

Why Asset Utilization Loans? The Smart Path for Alabama Homebuyers

Imagine qualifying for your next home using the strength of your savings and investments—instead of scrambling for pay stubs or tax returns. Our 60-Month Asset Utilization program is designed for folks like you: cash-savvy Alabamans who've built wealth but don't fit the cookie-cutter mold. Backed by top Non-QM partners, we make it easy to leverage your assets for financing that's fast, fair, and tailored to Southern living. Whether you're eyeing a lake house in Guntersville or upsizing in Birmingham, this is your ticket to closing quicker with less stress.

Key Benefits at a Glance:

• Higher Qualifying Power: Assets spread over 60 months (not the entire loan term) boost your "income" figure—often 20-30% higher than traditional methods.
• No Traditional Income Needed: Qualify solely on assets, or blend with 1-2 years of full-doc, bank statements, VOE, or 1099 programs for extra flexibility.
• Alabama-Focused Expertise: As your local pros, we know the ins-and-outs of state regs and connect you to rates that beat national averages.
• Stress-Free Process: No DTI caps mean more approvals, even for complex finances—ideal post-retirement or during gig economy shifts. "From assets to keys in hand—MTGQuote turns your nest egg into your new address."

How It Works: Simple Steps to Asset-Powered Financing

We keep it straightforward so you can focus on what matters: finding that perfect Alabama property. Here's the flow:

1. Gather Your Assets: Pull statements for cash in checking/savings, stocks, bonds, mutual funds, vested retirement accounts, or money market funds. (Pro tip: Assets just need to be "seasoned" for 3 months—no big minimums here.)
2. We Crunch the Numbers: Divide your total qualified assets by 60 months to calculate your effective income. Add supplements if you want (like recent bank statements) for an even stronger case.
3. Credit & LTV Check: Minimum 620 FICO gets you in the door. Up to 80% LTV for purchases, 75% for cash-out refis—plenty of room for jumbo dreams.
4. No-DTI Freedom: Skip the debt ratio drama; we approve based on your overall financial picture.
5. Close & Celebrate: Pre-approval in days, funding in weeks. We'll guide you every step, from app to Alabama closing table.

Quick Calc Example: Got $600K in qualified assets? That's $10K/month "income" over 60 months—enough to qualify for a $400K+ loan, depending on rates.