Retirees, investors, business owners, and high-net-worth individuals may have the financial strength to purchase or refinance a property, yet struggle to qualify when conventional underwriting relies on tax returns, pay stubs, or a standard debt-to-income ratio. We offer an Assets-Only mortgage program that allows eligible borrowers to qualify using liquid assets rather than traditional employment income.
Qualify Without a Traditional DTI Calculation
Under a conventional mortgage program, lenders generally compare the borrower’s monthly income with their existing and proposed debts. This debt-to-income calculation can create problems for borrowers whose wealth is held in investment, retirement, or other eligible accounts rather than received as regular employment income. The Assets-Only program provides another approach. Qualification is based on the borrower’s eligible liquid assets, eliminating the need to establish employment income or calculate a traditional DTI for qualifying purposes.
Assets-Only Program Highlights
- No employment required for qualification
- No traditional income documentation
- No standard debt-to-income calculation
- Qualification based on eligible liquid assets
- Loan amounts available up to $25 million
- Financing available up to 80% LTV
- Primary residences permitted
- Second homes permitted
- Investment properties permitted
- Purchase transactions available
- Rate-and-term refinances available
- Cash-out refinances available
- Creative underwriting for complex financial profiles
Who May Benefit From Asset-Based Qualification?
- Recently retired borrowers
- Individuals living primarily from investments
- High-net-worth borrowers with substantial liquid assets
- Self-employed borrowers seeking an alternative to tax returns
- Business owners with complex income
- Investors with irregular distributions
- Borrowers between employment positions
- Individuals whose taxable income does not reflect their financial strength
What Types of Assets May Be Considered?
- Checking and savings accounts
- Money market accounts
- Certificates of deposit
- Stocks, bonds, and mutual funds
- Brokerage accounts
- Eligible retirement accounts
- Certain trust assets
Financing for High-Value Properties
With loan amounts available up to $25 million, this program can accommodate luxury residences, second homes, investment properties, and other high-value real estate transactions. The ability to qualify with assets can be especially valuable when the borrower has significant liquidity but reports limited taxable income. Instead of forcing a strong borrower into documentation that does not accurately represent their financial capacity, asset-based underwriting provides a more appropriate way to evaluate the loan.
Contact us, and we will review the complete scenario and determine whether asset-based qualification is appropriate.
