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Offering reasonable qualifications based on your assets

Through Homestar, this program provides a new and innovative financing solution to high net worth borrowers. Product highlights regarding asset qualification include:

  • Employment and income not required to be disclosed
  • Loan verification based on verified liquid assets
  • Minimum FICO of 620
  • Investment properties and second homes allowed
  • 4506T not required
  • Full asset documentation required for funds to close, reserves and qualifying asset requirements
  • Asset levels in the verified accounts are expected to be consistent and sustained
  • Assets can be cash in the bank, stocks, bonds, IRAs, 401Ks, mutual funds or retirement accounts
  • Cash out from subject may be used towards reserves
  • Gift Funds and Gift Equity allowed
  • 15 & 30 year fixed, 5/1, 7/1, 10/1 ARM Interest only available on ARM’s
  • Loan amount from $100,000 to $3,000,000
  • No ownership seasoning requirement for cash out refinance