No Income or Credit Required!
Asset Based Lending Programs
You can obtain mortgage loans with competitive interest rates based on your assets.
Assets considered can be equity in real estate and banking/investment accounts. There are no income or credit requirements like traditional banks.
Our process is simple:
- Request a quote
- Speak to one of our licensed mortgage loan originators
- Receive your offer within 24 hours
Benefits
No Tax Returns or W-2's Required
Close In As Little As 7 Days!
Same Day Approvals
Eligibility
No Credit Score Required!
No Income Required!
Must Have Assets Greater Than The Loan Balance Requested
See What Our Clients Have To Say…
Popular Questions
FAQs
What Are Your Interest Rates?
We have access to over 80 lenders that offer all types of different financing options.
Your approval will be based on your individual circumstances and we will present the loan option with the best interest rates and terms.
What if I’m already pre-approved?
If you’re already pre-approved, you will need to apply with Homepad Lending to get approved again for the mortgage and down payment assistance.
Homepad Lending will secure your mortgage and down payment assistance grant as the grant providers do not work with consumers directly.
How do I know which down payment assistance program is best?
All down payment assistance programs are not created equal. The one distinguishing factor between our down payment assistance grants and other programs is you have no obligation to repay our grants.
Most down payment assistance programs will place a 2nd lien on the property which will require you to own the property for 3, 5, 10 or even 20 years. Some down payment providers require you to repay the assistance. We have no restrictions on how long you must own the home and we do not require repayment.
Do I need perfect credit to qualify for an asset-based loan?
No, perfect credit is not required for an asset-based loan. Since the loan is secured by your assets, lenders are primarily concerned with the value and liquidity of the collateral, not your credit score. This makes asset-based loans a great option for borrowers who may have less-than-perfect credit but own valuable assets.
What loan terms are available?
We currently offer a 30-year, 15-year, 10-year and 5-year repayment terms.
How is the loan amount determined?
The loan amount is usually a percentage of the asset’s appraised value or liquidation value. Lenders will evaluate the asset’s worth and provide a loan based on its value. For example, if your property is worth $500,000, you might qualify for a loan of 60-80% of that value, depending on the asset and lender’s terms.