What Is an Asset Qualifier Loan

Asset Qualifier loans are for borrower’s who qualify using their liquid assets. Asset qualifier loans do not require employment, income or Debt to Income ratio (DTI) to justify ability-to-repay.

How Do Asset Qualifier Loans Work / Who Do They Benefit

Asset Qualifier loans qualify based on required assets that meet seasoning requirements. This program allows a borrower to qualify for a larger loan using their liquid assets. Employment, income or debt to income is not required to justify the ability to repay their debt. Asset Qualifier Loans are designed for borrowers that have lots of assets but make little to no income.

What are the Requirements / How To Qualify

·      Borrowers must have a minimum of $500,000 in assets post-closing, assets include; retirement, checking and savings account, and stocks

·      Primary residence only

·      All assets must be sourced and seasoned for a minimum of six months

·      Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves

·      Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained


·      Loans up to $3 million, Minimum loan of $250,000

·      No employment, no income, no DTI

·      Rates are 30-year fixed

·      Five years seasoning foreclosure, short sale or bankruptcy

·      Purchase and cash-out or rate-term refinance

·      Interest only program available

·       Non-warrantable condos allowed