Utah Asset Based Jumbo Loans – No Tax Returns Required

 

 

Asset Based Jumbo Loan in Utah , Use liquid assets instead of two years tax returns .
Call Daniel Paris 801-604-4949 or Click to apply today!

 Must be self employed for two years

Must verify Liquid Assets

 

Liquidity – verified
  • Eligible Funds Must be borrower's own personal or business funds
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  • Loan amount <= $650,000, minimum liquidity = $100,000
  • Loan amount >$650,000 to $1,000,000, minimum liquidity = $250,000
  • Loan amount >$1,000,000 to $1,500,000, minimum liquidity = $500,000
  • Loan amount >$1,500,000, minimum liquidity = $1,000,000
  • Cash, cash equivalent securities and other readily marketable securities may be used as verified liquidity (70% of value of stocks and bonds will be used)
  • Personal and Business funds are acceptable
  • Funds in a retirement account will not be included as verified liquidity
  • Liquidity minimums are calculated after closing and do not include proceeds from cash out on current loan

 

Eligible Property Types
  • SFR
  • PUDS
  • 10 acre limit, no hobby farms
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