| Pledged Asset Loan Program |
| Description: The Pledged Asset Loan Program lets you finance 100% of your home without liquidating any assets. Eligible investment assets may be pledged in lieu of a down payment. The initial pledge must equal up to 143% of the required down payment at loan closing and must be maintained at a value of 120% during the pledge period. If the borrower is unable to maintain the value at 120%, the lender may require the sale of all or a portion of the pledged assets.
Benefits: This program is ideal for borrowers who wish to defer capital gains or losses while maintaining their investment strategy. You can even help a friend or family member purchase a home by pledging assets on their behalf. To Consider: All borrowers should consult a financial planner before selecting this type of loan. The Pledged Asset Loan Program is not available in all states. |
| For information about Pledged Asset Loan Program loan program, please contact us |
Equal Housing Lender. Some products may not be available in all states. Restrictions apply.
All rights reserved. Pre-qualification is neither pre-approval nor a commitment to lend; you must
submit additional information for review and approval. Approval may be subject to rate increases,
satisfactory title and appraisal review, and no change in financial condition. *Refinancing
or taking out a home equity loan or line of credit may increase the total number of monthly
payments and the total amount paid when comparing to your current situation.