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No Income? Use Assets to Qualify for a Mortgage

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Asset Depletion / Asset Qualifier Program

Borrowers with great credit, but no steady monthly income, may be able to use their assets to qualify for a mortgage. Compared to asset depletion, LendSure’s Asset Qualifier program essentially doubles the qualifying monthly income, since the draw period is only 5 years (qualifying assets / 60 months).

  • Asset Qualifier – Qualifying Income = Qualified Assets divided by 60
    Asset Depletion – Qualifying Income = Qualified Assets divided by 120
  • No minimum age requirement
  • Primary Residence and Second Home:
    – Up to 80% LTV for Purchase
    – Up to 75% LTV for Rate & Term
    – Up to 75% for Cash Out Refinance for Primary Residence
    – Up to 70% for Cash Out Refinance for Second Homes
  • Credit scores as low as 660
  • DTI as high as 50%

Our knowledgeable Account Executives are experts in Non-QM loans and will help you find solutions for your borrowers so you can close more deals each month. Contact your LendSure Account Executive to talk through your borrower’s loan scenario.

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Asset Based Mortgage Loan Frequently Asked Questions

What types of assets qualify for an asset based mortgage loan?

LendSure counts cash and equivalents at 100%, stocks and bonds at 80%, and retirement accounts at 70%.

Who is the Asset Qualifier loan program best suited for?

This program works well for clients with significant liquid assets but limited or no monthly income. It’s often a fit for retirees, business owners between ventures, or investors who keep wealth in accounts rather than paychecks. With this asset based mortgage loan, you can open up financing options for clients traditional lenders might decline.

What types of properties can be financed with the Asset Qualifier loan program?

Borrowers can use this program to finance primary residences, second homes, and investment properties. With LTVs up to 80% depending on property type, the asset qualifier loan program provides flexible options for a wide range of scenarios.

How does LendSure verify assets for the Asset Qualifier loan program?

Brokers can provide account statements for eligible assets, and our in-house team completes a review. You’ll typically have results within 24-48 hours.

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