ATR-IN-FULL
Level Up Lending's Liquid Asset Mortgage Approval
Level Up Lending is at the forefront of transforming traditional mortgage approval processes. Contrary to common belief, a substantial monthly income is not the sole qualifier for a home loan. Our unique approach emphasizes the Ability to Repay (ATR) through a thorough assessment of liquid assets, offering an invaluable alternative for individuals with irregular income.
Understanding the ATR Underwriting Process
The underwriting phase is crucial, with our experts meticulously evaluating various financial dimensions:
- Credit Scores: A pivotal indicator reflecting financial stability.
- Verified Liquid Assets: Demonstrating your capacity to repay the loan without regular income.
- Requested Loan Amount: Ensuring alignment with your financial capabilities.
- Existing Debts: Providing a complete picture of your financial obligations.
For applicants with lesser liquid assets, we pivot to scrutinizing verified monthly income, the prospective mortgage’s monthly payment, and the overall debt-to-income ratio.
Start Your Homeownership Journey with Level Up Lending
Initiating the application process with Level Up Lending is the first definitive step towards understanding your loan eligibility. Our team of experts is readily available to guide you through each stage, ensuring a smooth and informed journey to homeownership.
Level Up Lending's Tailored Mortgage Solutions
Level Up Lending is proud to offer a spectrum of mortgage solutions:
- Employment Flexibility: Empowering those not currently employed.
- Simplified Documentation: Requiring just two months of bank statements.
- Competitive LTV Ratios: 75% for purchases and 70% for refinances.
- Accessible Credit Options: Catering to a minimum FICO score of 600.
- Embracing Liquid Assets: Facilitating a smoother approval process.
Diverse Mortgage Options, Customized for You
Elevate your mortgage experience with a plethora of options tailored to fit your unique financial situation. From competitive Loan-to-Value (LTV) ratios to accommodating credit requirements, discover a world of possibilities designed to make homeownership a reality for you.
Expanding Opportunities with Business Purpose Loans
Our business purpose loans are designed to fuel your investment goals:
- Flexible Property Options: From 1 to 4-unit properties.
- Cash Flow-Based Qualification: Leveraging rental income for eligibility.
- Inclusive Property Types: Including Condotels, Airbnb, and daily rentals.
- Attractive Financial Incentives: Access to Yield Spread and LPC.
- Ownership Versatility: Corporate (LLC) closings are an option.
- Generous LTV Ratios: Up to 80% for purchases.
- Accommodating Credit Scores: Welcoming applicants with scores of 575 or higher.
- Ownership Versatility: Corporate (LLC) closings are an option.
With Level Up Lending, you gain more than just a mortgage provider; you gain a committed partner, dedicated to demystifying the mortgage process and empowering you to make confident, informed decisions.
Get Started with Level Up Lending
At Level Up Lending, we prioritize your success. Our team boasts extensive experience in ATR-IN-FULL Mortgages, ensuring a seamless application-to-approval process. We understand the importance of swift financing for your investment projects and are here to assist you every step of the way.
For more information or to begin your journey with Level Up Lending, please email us at [email protected] or call us at (848) 249-5626. Take the first step by applying for loan pre-qualification today.
Unlock the full potential of your real estate investments with Level Up Lending– your trusted partner in ATR-IN-FULL Financing!