Use Social Security Income or Assets as Income for a Fannie Mae or Freddie mac Mortgage

I have been a mortgage broker for 18 years. Book a call with me to chat about your scenario, needs and timeframe. Currently licensed for purchase and refinance in: California, Texas, Tennessee, Georgia, Florida, Colorado and Louisiana.

Also, minimal conditions, 4 to 6 hour same day approvals, CD released on initial approval and more. We actually use Bombbomb videos to explain your loan options with a screenshare, SAME on pre-approvals so that the seller accepts YOUR offer and we use them to explain your disclosures as well as most updates.

Here are some examples of what I do with Bomb bomb videos.. MAJOR VALUE right here:

Example of Bombbomb Videos:

#1 I am explaining initial disclosures Sept 4, 2022 on a low Fico VA loan:
https://vid.us/abi4dq

#2 I am explaining pricing on the 2 - 1 buy down 30 year conventional loan on Sept 9. 2022:
https://vid.us/abi4dq

#3 I am giving an update to the all parties on an appraiser order July 7, 2022:
https://vid.us/cr7ftu

#4 One of my pre approval letters for a VA Jumbo loan in Sonoma County, CA on Aug 4, 2022 - Close date was October 4th and we actually closed it Aug 31, 2022
https://vid.us/6houfw

1. Book a Call With Me: https://calendly.com/justinkautz/15min or link in BIO

2. Apply Online: https://spotonlending.my1003app.com/913358/register or link in BIO

3. Call or Text Me: (559)679-5730 - Please give me a heads up if you submitted an application..

Get the Mortgage that you deserve! If your Social Security is non-taxable, we can gross it up by 25%..

For income as assets.. f you can qualify on a 10 year amortized loan, the payment is high, but you get to divide say $1M / 120 months = $8,333.. If you need a 30 year amortization payment then $1M / 360 = $2,777..

Before you get discouraged, do you have a family trust? Trust income is even better than income as assets.. You can divide trust assets of say $1M / 36 months as long as you have continuance for 36 months. $1M / 36 = $27,777 per month.. We are experts at structuring trust income for affluent borrowers who are retired or do not have any W2 income..

The following case study is a real scenario a few months back, May of 2022 I believe.. Hope that you enjoy it..

One of my clients on Ocean Boulevard in Corona Del Mar and lives in a beautiful house with amazing landscaping going down the back of the mountain there - down the cliff and this client actually used to be a big-time real estate agent in Corona Del Mar. Honestly you would’ve seen his sign everywhere, everywhere in the flower streets..

Unfortunately he’s getting older and he doesn’t want do the business anymore but now who’s sign you see instead of his sign in the flower Street.. Who has amazing market share and I love him.. He’s a cool dude and and I’d like to call him a friend, is Casey Lesher. @caseylesher7352
Rockstar agent and if you come to CDM you will see his sign everywhere. He does a really good job-Casey and he runs an amazing team.

But let’s just say this client is name is Roger. I ran into this person ran into this person at the coffee shop he said Are you still doing mortgages? I said, yes I’m still doing mortgages in California, Texas, Tennessee, Georgia, Florida, Louisiana.. He said - I don’t have any homes that I need to get a loan on or any loans for you to refinance.. But, he said…. Pausing…. Except my house.. He goes I know but that’s probably not a doable deal because I’ve had three lenders tell me that that deal is not doable. I said, tell me Roger why is that deal not doable? He says well I don’t claim a lot of income anymore except for my rental income and my Social Security income and then some income from some investments. I said OK well we can use your Social Security income and we can derive income from the assets and Freddie Mac has a program that if you are 51 years old you can derive income from assets and it’s a better program than the Fannie Mae. Rate and term refinance, you can divide the total balance of useable assets in your bank account

So that’s exactly what we did. We locked him in and he was so excited that you know we were able to do what we said we were going to do and plus it was just cool because he was my first landlord in Corona Del Mar. This person that we’re gonna call Roger by the way. I love, love this guy he’s such a young young dude for his age he looks amazing. He’s taken care of himself and just wanted to share that story. You may be talking to the wrong loan officer.

Justin Kautz
The Justin Kautz Mortgage Team
NMLS: 913358
jk@justinkautz.com
3242 E Coast Hwy
Corona Del Mar, CA 92625