Asset Qualifier Loan

What is an Asset Qualifier Loan?

An asset qualifier loan is for borrowers who have significant liquid assets on hand but may not qualify for traditional mortgage financing. This program analyzes buyers’ available liquid assets in relation to the proposed loan amount and other recurring monthly liabilities. Borrowers do not have to worry about submitting any income related documents. This program may be extremely helpful for retirees who may not meet traditional income requirements but can demonstrate substantial liquid assets.

FAQ

What is an asset qualifier loan?

An asset qualifier loan is a mortgage for borrowers who hold significant liquid assets but may not qualify based on traditional income documentation. Instead of verifying income, we look at your available liquid assets in relation to the loan amount and your monthly obligations.

Do I need to provide income or employment documents?

No. This program does not require income or employment verification, and there is no debt-to-income requirement. Qualification is based on your liquid assets.

How much in assets do I need to qualify?

Buyers generally need to maintain at least $500,000 in assets after closing, and those assets must be sourced and seasoned for at least six months. We can review your situation to confirm eligibility.

What property types are eligible?

This program is for primary residences only. If you are financing a second home or investment property, we can walk you through other options that may fit.

What loan terms are available?

It offers a 30-year fixed rate with loan amounts up to $3 million. Your rate and monthly payment depend on your profile and the property, and we can run a scenario for your budget.