Scenario: Trust Income to Qualify…

On loans up to $726,525 at 80% LTV or less.

Purchase Price: $908,000.
Loan Amount: $726,525.

Our Borrower is a retired unmarried individual who’s only income is their monthly Social Security benefit, which definitely does not satisfy the income requirements needed for a loan of this stature.

The Solution:

We used the Trust, as Income to qualify.  We did not need Bank Statements, Tax Returns, or the Social Security Benefit, for Income Documentation.  Nor was Asset Depletion calculated into the Approval.

Sound Interesting?

Call me for more Details @ 949.243.5700.

Best always,

-MikeO

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