Your clients can leverage their assets – with no haircuts – using Logan’s Asset Qualification for Alt-Doc loan product. Assets such as savings, stock portfolios, and other liquid assets, are eligible at 100% as collateral.

Key features:

• 110% of the loan amount, plus applicable reserves required in post-closing assets
• 100% of account statements allowed (bank statement and
  brokerage statements)
• 100% of stock, bonds, and mutual funds
• 100% of retirement accounts
• Business assets are allowed (50% of the required assets can be made up of business assets)
• Surrender value of life insurance and annuities
• Borrower is given an income credit of total assets/60 months for the DTI calculation
• Supplemental full doc income allowed

Two options for qualification:

• 60-month depletion rate
• 180-month depletion rate