Pledged Asset Mortgage
Pledge Investments to Finance a Home PurchaseThis mortgage lets you borrow up to 100 percent of the sales price (or appraised value, if less) of a home when there is a pledge of a stable financial asset. Pledged-Asset mortgages are specially designed for borrowers who have sufficient income to make monthly payments toward a home, but who have not saved the necessary down payment. The built-in safety of the pledged asset lets the borrower finance a home with a minimum investment of 5 percent (in down payment or closing costs).
The Pledged-Asset Mortgage allows borrowers to finance a home without liquidating investments to fund a down payment. Assets that are pledged in lieu of a down payment can come from a borrower's own investment funds or from those of a family member.
2006 Conforming Loan Limits
Alaska, Guam, Hawaii,
and U.S. Virgin Islands only
1 $417,000 $625,500 2 $533,850 $800,775 3 $645,300 $967,950 4 $801,950 $1,202,925