Areas We Serve

Griffin Funding specializes in guiding borrowers through the asset-based loan process, providing a streamlined application experience that leverages advanced technology and personalized service. We can provide asset-based loans anywhere in the state, ensuring that borrowers across Arkansas have access to flexible financing solutions that meet their unique financial needs. Here are just a few of the areas that we serve across the state:

  • Little Rock
  • Fort Smith
  • Fayetteville
  • Springdale
  • Jonesboro
  • Rogers
  • Conway
  • North Little Rock
  • Bentonville
  • Pine Bluff

Whether you want to get an asset-based loan in a major city like Little Rock or a smaller town like Eureka Springs, Griffin Funding can help.

What Is an Asset-Based Loan?

An asset-based loan is designed for individuals with irregular income who have substantial liquid assets. This type of loan allows borrowers such as self-employed individuals, business owners, contractors, freelancers, and retirees to leverage their assets rather than rely on traditional income verification.

These loans are part of the broader category of non-qualified mortgages (non-QM loans), which are designed for borrowers who don’t meet the standards set by traditional mortgage programs. Non-QM loans offer several different pathways to homeownership, allowing borrowers to qualify for a mortgage using things like assets, bank statements, and projected rental income.

For example, an asset depletion mortgage calculates potential monthly income by dividing the value of the borrower’s assets over a specified term, making it ideal for those with significant savings or investments. Similarly, a bank statement loan assesses income through bank statements instead of tax returns, accommodating those who benefit from tax write-offs.

Additionally, Arkansas DSCR loans are available, assessing your ability to repay based on rental income versus debt obligations. This option is particularly useful for real estate investors.

Regardless of the option chosen, these non-QM loans provide flexibility for those who might not meet conventional loan criteria but have the financial means to support a loan through their accumulated assets.

How Does Asset-Based Lending Work in Arkansas?

Asset-based lending in Arkansas caters to those with substantial assets but inconsistent income. Qualifying assets for an asset-based mortgage loan in Arkansas include savings accounts, investment portfolios, retirement funds, and money market accounts. Typically, lenders will use a percentage of these assets to calculate income.

At Griffin Funding, we can count up to 70% of your investment accounts as income and 100% of your liquid assets—such as checking and savings accounts—as income. This flexibility makes asset-based loans ideal for securing a self-employed mortgage.

Overall, asset-based loans in Arkansas provide a practical solution for borrowers who might not meet conventional income criteria but have the financial resources to support a loan.

Benefits of Asset-Based Loans

Asset-based loans in Arkansas offer a flexible financing solution if you have significant assets but inconsistent income. This type of lending provides several advantages tailored to meet the unique needs of borrowers, including:

  • Flexibility: Asset-based loans cater to those who may not qualify for traditional loans due to irregular income or significant tax write-offs.
  • Leveraging assets: Use various assets like savings, investments, and retirement accounts to qualify, making it easier to secure financing.
  • Simplified process: The approval process for Arkansas asset-based loans can be quicker and more streamlined than conventional loans.
  • Customized solutions: Asset-based lending in Arkansas also offers personalized loan terms based on the borrower’s specific asset portfolio.
  • Ideal for various borrowers: Asset-based loans can be a great solution for self-employed individuals, business owners, retirees, and others with fluctuating incomes.
  • Widespread availability: From Little Rock to other parts of the state, asset-based mortgage loans in Arkansas are accessible to a diverse range of borrowers.

Asset-Based Loan Qualification Requirements

Asset-based loans are calculated based on the value of your liquid assets rather than traditional income verification. Lenders assess the total value of qualifying assets, such as savings accounts, investments, and retirement funds, and determine a percentage of these assets to be considered as income. By meeting these requirements, you can leverage your assets to secure financing through an asset-based mortgage loan in Arkansas, offering an alternative pathway to homeownership or investment. Take note of the following requirements when applying for an asset-based mortgage loan in Arkansas:

  1. Significant liquid assets: Borrowers must have substantial liquid assets, such as cash, stocks, bonds, or retirement accounts.
  2. Good credit score: Griffin Funding requires borrowers to have a credit score of 620 or higher in order to qualify for an asset-based loan.
  3. Asset documentation: Detailed documentation of all assets, including statements and valuations, must be provided.
  4. Debt-to-income ratio: Lenders will consider your debt-to-income ratio to ensure you can comfortably manage loan repayments.
  5. Property appraisal: An appraisal of the property to be financed may be required to determine its value and ensure it meets the lender’s criteria.

How to Apply for an Asset-Based Mortgage Loan in Arkansas

Griffin Funding simplifies the application process for an Arkansas asset-based loan:

  1. Begin by contacting a Griffin Funding mortgage specialist and completing an online loan application.
  2. Specify the assets you plan to use for qualification.
  3. Provide the necessary documentation for review.
  4. Sign the final loan documents in the presence of a public notary.

Our goal is to leverage the value of your assets and minimize your interest rate, ensuring you receive the best asset-based loan terms. Once your paperwork is processed and approved, the funds will be deposited into your designated account, ready for your use.

Work With a Trusted Arkansas Mortgage Lender

Arkansas asset-based loans offer flexible financing solutions for individuals with substantial assets but irregular incomes. These loans calculate eligibility based on the value of liquid assets rather than traditional income verification, making them ideal for self-employed individuals, retirees, and others with fluctuating earnings.

Griffin Funding simplifies the application process for asset-based loans, utilizing advanced technology and providing top-notch service. Start by contacting a Griffin Funding loan officer or completing an online application and specify the assets you intend to use. With Griffin Funding, you can leverage your assets to secure financing with competitive terms tailored to your needs.

Additionally, you can enhance your experience with the Griffin Gold app, offering seamless document submission, real-time updates, and easy communication with a mortgage professional. Trust Griffin Funding for a smooth, efficient asset-based lending process in Arkansas.