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How to Use Your Assets as Income

Writer's picture: Monument Mortgage Co.Monument Mortgage Co.

There are times when you may have plenty of money in the bank, but, do not have employment or enough income for qualifying. This is not a deal breaker! You can still obtain financing when we use assets as income.


Some of the qualifying parameters are:


- Purchase and Rate and Term Transactions: To 80% LTV

- Cash-Out Refinance: To 60% LTV

- Minimum FICO Score: 720

- Primary Residence - 1 -2 units; Second Homes - 1 unit

- Minimum Asset Amounts Required

- Purchase and Rate and Term Refi: Lessor of 1 ½ times the loan amount or $500,000

- Cash-Out Refinance: $500,000


- Asset “seasoning” is required- need history of managing the assets

- Types of Assets Used

- Savings, Checking, CD - used at 100%

- Stocks, Bonds, Mutual Funds - used at 70%

- Only funds that can be withdrawn without penalty can be used

- Asset to be used only once as income source (i.e. dividend and interest income)


Contact a Loan Officer today to learn more about this program!

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Monument Mortgage Co Inc.

Main Office:

Chelmsford

285 Billerica Road Suite 104

Chelmsford MA 01824

© Monument Mortgage Co. Inc. 2025

NMLS #2705(Chelmsford) • MA Mortgage Broker License #MB2705• Licensed by the New Hampshire Banking Department • Licensed in Maine • Florida Broker License #MBR5517 • Rhode Island Loan Broker License #20254838LB
*We arrange but do not make loans * Equal Housing Opportunity

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