Asset Qualification for Alt-Doc

Qualify For a Loan Using Your Assets

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

*Requires login. Please contact your Logan AE for access.

DSCR

Bank
Statement

Foreign
National

Asset
Qual

Full Doc

1099

5-8 Units

Testimonials

“I wanted to let you all know that you have been amazing to work with on this file. It gives me hope for the future of this industry. Every person…has been a pleasure to work with.”

Michelle T. — Pasadena, CA

“Thank you very much for teaching me all the nuances of bank statement loans. I thought I already knew most everything about it, but you helped me to better understand some important concepts of bank statement loans. I appreciate your help!”

Livia A. — Richmond, VA

“I wanted to take a moment as the loan officer and thank you for all your help and support thus far. You have been great… We were recently approved with a new non-QM lender named Logan Finance. I locked a 6-unit multi family… Moreover the AE is amazing. I can’t say enough great things about her work so far. Top notch…I recommend you give them a try.”

Christian D. — Chula Vista, CA

“Jake and I were on the DSCR webinar this morning with Paul Jones. Honestly, that was probably one of the best and most organized lender webinars I have ever been on. So far, between my conversation with you last Friday, speaking with Ben today, and the webinar with Paul, I can clearly see that Logan is truly dedicated to making business partners successful. And you guys seem to actually want business from us. As I told you Friday, that is NOT the case with a lot of the Banks right now.”

Kevin M. — Temecula, CA

“You…are truly awesome. Any time I needed help, one of you jumped in. We got to the finish line together and that makes all the difference to me. On to the next deal!”

Stefany P. — New York