Asset-Based Loans in Nebraska

Griffin Funding specializes in providing asset-based loans in Omaha and throughout the entire state of Nebraska, offering tailored financial solutions to all types of borrowers. Wherever you are, Griffin Funding is dedicated to supporting your homeownership journey with a variety of mortgages in Nebraska. Explore our services in:

Asset-based loans, also known as asset depletion mortgages, cater to borrowers with substantial assets but inconsistent income or tax deductions that lower their pre-tax income. These individuals may be self-employed, business owners, contractors, retirees, and many more. Nebraska asset-based loans provide a financing alternative where eligibility is determined primarily by the value of liquid assets rather than traditional income documentation like W-2s, pay stubs, and tax returns. 

Liquid assets considered include savings accounts, certificates of deposit (CDs), and investment portfolios like stocks and bonds. Depending on your age, you can also use retirement accounts. 

Lenders like Griffin Funding count 100% of liquid assets and up to 70% of investment accounts toward qualifying income. The amount you can borrow is determined by applying a percentage to the verified value of your assets. For example, if you have $500,000 in liquid assets, you can potentially qualify for a loan with a value equaling that full amount. Meanwhile, you can only put 70% of your retirement savings and other investments toward qualifying income. So, if you have $300,000 in your retirement accounts, you can only use $210,000 to qualify. 

Asset-based loans in Nebraska often feature flexible terms and competitive rates, accommodating borrowers whose income may fluctuate or be difficult to document through traditional means. 

Looking for more alternative mortgage options? Prospective home buyers can check out our retirement mortgages, bank statement loans, and government-backed options, while investors should consider DSCR loans in Nebraska. With DSCR loans, your lender evaluates the property’s income potential rather than your personal income for qualification.

Using your assets as income can help you more easily secure a mortgage loan in Nebraska. Here are some highlights of Griffin Funding’s asset-based loans: 

• No income verification: Asset-based mortgage loans in Nebraska assess your eligibility primarily on the value of liquid assets like savings accounts and investment portfolios, avoiding obstacles associated with traditional income verification. 
• Loan amounts up to $3 million: Griffin Funding asset-based lending in Nebraska allows borrowers to access substantial loan amounts based on the value of their assets. 
• No employment or income verification: Asset-based loans don’t require proof of income or traditional income sources. Instead, your ability to repay is evaluated based on your asset portfolio, making it accessible for self-employed individuals, retirees, and others with irregular income. 
• Fast approvals: Griffin Funding offers streamlined application and approval processes, making it easier to seize real estate opportunities. 

Asset-based lending in Nebraska is tailored for individuals who may not meet traditional income criteria but have significant liquid assets. Typically, borrowers who qualify for asset-based loans include: 

To qualify, borrowers typically need to verify their liquid assets, which include: 

Other requirements for asset-based loans in Nebraska include: 

Wondering if an asset-based mortgage is the best option for you? Reach out to Griffin Funding. Our mortgage specialists will be happy to learn more about you and your specific circumstances and walk you through our large selection of mortgage programs to help you find the best one. 

• Pre-approval: Completing a pre-approval application online or by contacting Griffin Funding helps determine the loan amount you qualify for. 
• Lock in your rate: Once pre-approved, you can lock in your interest rate to secure the most favorable terms for your Nebraska asset-based loan. 
• Submit documentation: Provide necessary documentation, such as statements verifying your assets. We may also request additional information to complete the assessment of your loan application. 
• Loan processing: Griffin Funding will review your application and assets to finalize the loan terms. This includes evaluating the value of your assets to determine the loan amount.
• Loan approval and funding: Upon approval, we’ll finalize the loan agreement and schedule closing. We offer efficient processing to ensure a smooth and timely closing process for borrowers.

With asset-based loans in Nebraska, you can qualify for a home loan based on your assets, not employment income. The dedicated team at Griffin Funding will efficiently process your loan for smooth approval and funding. Plus, with the convenience of the Griffin Gold app, you can manage your mortgage wherever you go. Explore the convenience of asset-based loans and apply online today.