Home Loans
Asset Qualifier
Leverage your liquid assets to qualify for a mortgage. Ideal for high-net-worth borrowers with non-traditional income.
Overview
What Is an Asset Qualifier Loan?
An asset qualifier loan (also called an asset depletion or asset-based mortgage) is a non-QM product that lets you qualify based on your eligible liquid assets rather than employment income. The lender calculates a monthly qualifying income by dividing your total assets by a set term, typically 60 or 84 months. This approach is ideal for retirees, investors, and high-net-worth individuals who have substantial wealth but whose tax returns or income streams may not support a traditional mortgage.
Key Benefits
Why Choose This Program?
- ✓ No employment or income verification required
- ✓ Qualify using checking, savings, investment, and retirement accounts
- ✓ Available for primary, secondary, and investment homes
- ✓ Loan amounts up to $3 million
- ✓ No PMI required
- ✓ Foreign nationals welcome
Requirements
What You’ll Need
- ✓ Eligible assets: checking, savings, stocks, bonds, mutual funds, retirement
- ✓ Minimum credit score: 640
- ✓ Down payment typically 25-30%
- ✓ Assets must be seasoned for at least 60 days
- ✓ Gift funds generally not permitted
- ✓ Property appraisal required
Who Should Choose This Loan?
Is an Asset Qualifier Loan Right for You?
- ✓ Retirees with significant savings but limited current income
- ✓ High-net-worth individuals with assets in non-liquid accounts
- ✓ Borrowers between jobs with substantial reserves
- ✓ Investors whose wealth is tied up in assets rather than monthly income
Frequently Asked Questions
Asset Qualifier Loan FAQ
How does the asset depletion calculation work?
The lender takes your total eligible assets, subtracts your down payment and closing costs, then divides the remainder by 60 or 84 months to create a monthly qualifying income figure. For example, $1,000,000 in eligible assets divided by 60 months equals approximately $16,667 per month in qualifying income.
Which assets can I use to qualify?
Eligible assets include checking and savings accounts, CDs, stocks, bonds, mutual funds, vested retirement accounts (70% of value), and in some cases, cryptocurrency. illiquid assets like real estate equity or business ownership typically do not qualify.
Do I need to liquidate my assets?
No. The assets are used only for qualification purposes. You are not required to sell or withdraw your investments. The lender simply verifies that the assets exist and are accessible.
What is the minimum asset amount needed?
This depends on the loan amount and program. As a general rule, your eligible assets should be sufficient to cover the down payment plus enough remaining to generate the qualifying income needed to support the monthly payment.
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Ready for an Asset Qualifier Loan?
Get a personalized rate quote and see how much you qualify for.