Asset Utilization Loan Program
Asset utilization is a loan that calculates a monthly income by dividing a borrower's total assets by a set number of months. The borrower is not required to cash in their assets as they're only used to demonstrate an ability to make the mortgage payments.
Buyer’s with liquid assets and little to no income can calculate a percentage annual return on their assets and use that amount as monthly income to qualify for a home loan.
This allows buyers with liquid assets to qualify for bigger mortgages than their income stream would normally allow