Asset Qualifier Mortgage

The Asset Qualifier loan program is a groundbreaking solution for borrowers who don’t meet traditional lending guidelines but have substantial liquid assets. Whether you’re a retiree, self-employed, recently divorced, or simply have no verifiable income, this program helps you qualify for a mortgage without needing a job, income documents, or DTI calculations.

Unlike conventional or FHA loans, the Asset Qualifier program does not require employment verification or income documentation. Instead, qualification is based entirely on the borrower’s liquid assets, which must meet specific seasoning requirements.

Borrowers can use funds from checking, savings, investment, or retirement accounts to demonstrate the ability to repay. This makes the loan ideal for individuals with wealth but limited cash flow. Our streamlined process ensures an easy closing, whether you’re purchasing a new home or refinancing an existing one.

❌ What Is Not Needed for This Loan Program:

  • Employment verification

  • Income documentation (e.g., paystubs, tax returns, W-2s)

  • Debt-to-income ratio calculation

  • Traditional ability-to-repay analysis

✅ Required for Asset Qualifier Loan

  1. Sufficient Liquid Assets

    • Assets must cover the loan amount, taxes, insurance, and other housing expenses for a set period (typically 60 months or more, depending on guidelines).

    • Acceptable sources:

      • Checking/Savings accounts

      • Stocks, Bonds, Mutual Funds

      • Retirement accounts (subject to age and withdrawal rules)

  2. Asset Seasoning

    • Most programs require assets to be seasoned for at least 60 days, some require 12 months

    • Proof of ownership and account statements showing consistent asset levels

  3. Asset Verification Documents

    • Most recent 2–3 months of account statements

    • Statements must show asset value and account holder name

    • If retirement assets are used, proof of access or distribution terms

  4. Credit Score

    • Typically 620+, though some lenders may require 660+

    • Better credit may allow for more flexible terms or lower down payment

  5. Minimum Loan Amount

    • Often $100,000 or higher (varies by lender)

  6. Property Appraisal

    • Standard full interior appraisal required

    • Loan-to-value (LTV) limits apply (usually up to 75%-80%)

  7. Purpose of Loan

    • Purchase, Rate/Term Refinance, or Cash-Out Refinance

    • Property must be residential (Primary, Second Home, or Investment)

  8. Loan Application & Disclosures

    • Signed 1003 application

    • Standard mortgage disclosures and identification

✅ General Information (Bullet Points)

  • Program Name: Asset Qualifier Loan

  • Ideal For: Retirees, high-net-worth individuals, divorced individuals without income, and self-employed borrowers with sufficient liquid assets

  • Income Documentation: Not required

  • Employment Verification: Not required

  • Debt-to-Income (DTI): Not required

  • Qualification Basis: Liquid assets that meet required seasoning guidelines

  • Usage: Purchase or refinance

  • Closing: Simple and streamlined process

  • Agency Alternative: Designed for borrowers who don’t meet traditional guidelines

  • Underwriting: Based on assets only — no tax returns, W-2s, or paystubs needed

  • Eligible Property Types: Typically includes primary, second homes, and investment properties

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