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Asset Inclusion

Bayview Asset Inclusion to Income Product

Call us at 85-Lakeview (855-253-8439) to learn more about our loan programs and products

The Asset Inclusion to Income product makes home financing possible for consumers with DTI’s higher than those generally accepted by many traditional investors. DTI income eligibility guidelines allow for the inclusion of assets as a source of income to meet calculated payment obligations.

A maximum DTI of 60% is allowed prior to the inclusion of asset derived income.  Product guidelines allow for the use of an assets-as-income calculation to supplement monthly income to reduce the qualifying DTI to 43% over time. Underwriting policy requires future income to be estimated based on government inflation statistics and determines the point at which an applicant’s DTI will be 43% or less (excluding income from assets). Applicants must have sufficient “eligible” assets to fill the gap until such time that the DTI is projected to be 43% (non-liquid assets are allowed to meet the asset requirement). Additionally, qualified consumers must have other assets equal to twice the amount required to cover the gap in year one of the loan. This product allows for the financing of single family owner occupied, second homes and non-owner occupied properties. Cash-out refinances allowed.  The program is non-QM.

Additional product underwriting guidelines include the following:

  • Standard loan amounts to $1.5 million
  • Minimum FICO score of 700
  • Maximum LTV of 80%
  • 15 & 30 yr Fixed ; 5/1 & 7/1 ARMs
  • QM appendix Q requirements are applied in calculating max DTI threshold of 60%
  • Residual income test is applicable

 

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