In the evolving world of mortgage financing, traditional income documentation isn’t the only avenue to secure a loan. With the increasing complexities of modern-day finances, lenders are discovering innovative ways to qualify borrowers. AHL Funding, a frontrunner in the world of non-QM lending, has introduced an appealing solution for such scenarios: The Asset Only Program.
Why Traditional Qualification Methods Fall Short
Traditional loan qualification primarily hinges on regular income proof like pay stubs and W-2s. But what about:
High-net-worth individuals with significant assets but irregular income?
Retirees with a wealth of savings but no active income?
Entrepreneurs who reinvest most of their profits back into the business?
For these groups, conventional qualification methods might not paint the full picture. This is where the Asset Only Program by AHL Funding steps in.
AHL’s Asset Only Program: An Overview
AHL Funding recognizes that assets can be as crucial as income. Their Asset Only Program is built on this philosophy:
Nature of Qualification: Instead of traditional income documents, borrowers can use their assets to qualify. Whether it’s cash in the bank, stocks, bonds, or even retirement accounts, AHL acknowledges their significance.
Types of Assets Considered:
Cash in Bank: 100% of the value is considered.
Stocks, Bonds, or Mutual Funds: Up to 80% of their value is recognized.
Retirement Accounts: Accounts like IRAs, 401(k)s, and other retirement funds are accounted for up to 80% of their value.
Individuals with hefty savings, regardless of their regular income.
Retirees looking to purchase a home without a consistent income stream.
Business owners and freelancers with fluctuating incomes but substantial assets.
Advantages of the AHL Asset Only Program
Flexibility: This program acknowledges the diverse ways people manage their finances in today’s world. It’s tailored for those who don’t fit the typical borrower mold.
Simplicity: No need to navigate the intricacies of business finances or gather heaps of income statements. Just a clear, asset-based evaluation.
Speed: With fewer documents to validate, the process can be expedited, ensuring quicker approvals and closings.
A Paradigm Shift in Lending
AHL Funding’s Asset Only Program is a testament to the changing dynamics of the lending world. It emphasizes a broader understanding of financial stability, moving beyond conventional metrics. For brokers and borrowers alike, this presents a golden opportunity: a chance to tap into previously inaccessible loan potentials.
AHL Funding DBA American Home Loans All rights reserved. www.nmlsconsumeraccess.org. Rates, fees and programs are subject to change without notice. Other restrictions may apply. AHL Funding DBA American Home Loans is a Wholesale Lender. We work with mortgage brokers to originate loans.
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