No income or job required
Zero W-2s, pay stubs, tax returns, or employment docs.
Qualified Asset Mortgage
for Primary Residences
Buy or refi with no income or employment verification — based on verified assets and credit.
Program Snapshot
Loan Amount
$150K – $3M
Max LTV
70% Purchase
65% Cash-Out
65% Cash-Out
Min FICO
700
Qualification
Debt-to-Asset
(<60%)
(<60%)
Income/Job Verification
Not Required
Reserves
12 months PITIA
(can use cash-out)
(can use cash-out)
Properties
1-4 units, condos
Primary & 2nd homes
Primary & 2nd homes
Term
30-Year Fixed
Why Agents Love This Program
✓
✓
Primary residences eligible
Unlike DSCR or P&L loans, this works for owner-occupied homes.
✓
Simple qualification
Total monthly debt must be less than 60% of verified net worth.
✓
Cash-out counts toward reserves
On refis, cash-out can cover the 12-month PITIA reserve requirement.
✓
Fast closings
Minimal docs. Quick underwriting. Deals close in 7–10 business days.
Perfect For
Asset-based financing helps borrowers who couldn't qualify traditionally
💼
Self-Employed
Business owners not showing income due to write-offs and tax strategies
🏖️
Retirees
Retired or unemployed individuals with substantial savings but limited income streams
📊
Portfolio Holders
Stock, bond, and investment account holders ready to diversify into real estate
💰
Trust Beneficiaries
Individuals with liquid assets held in trusts or inheritance accounts
🌎
Foreign Nationals
International buyers with U.S. assets (second homes—U.S. credit accepted)
🏠
Denied Buyers
Previously denied by traditional lenders despite strong financial position
Submit a Buyer Profile
We'll run the numbers and contact you within 1 business day
Minimum Requirements
Credit Requirements
- 700+ FICO score minimum
- 2 tradelines reporting 24+ months OR 3 tradelines reporting 12+ months
- 0 x 30-day mortgage lates in last 12 months
- No bankruptcy, foreclosure, short sale, or deed-in-lieu in past 6 years
- Clean credit history required
How Qualification Works: Debt-to-Asset Ratio
Instead of Debt-to-Income (DTI), we use a simple formula: Total monthly debt must be less than 60% of total net worth.
Example 1:
✓ $500,000 in verified assets
✓ Maximum qualifying debt: $300,000
QUALIFIES
Example 2:
✓ $1,200,000 in verified assets
✓ Maximum qualifying debt: $720,000
QUALIFIES
Example 3:
✓ $2,000,000 in verified assets
✓ Maximum qualifying debt: $1,200,000
QUALIFIES
Asset Requirements
- 12 months PITIA reserves required (can use cash-out proceeds on refinances!)
- Assets must be sourced and seasoned for 3 months
- All borrowers listed on asset statements must be on the loan
- Acceptable assets: savings, checking, stocks, bonds, retirement accounts
- Gift funds permitted for down payment and closing costs (purchase only)
Property Eligibility
- Primary residence or second homes (investment properties not eligible)
- Single family, PUD, townhome, 2-4 unit properties
- Warrantable and non-warrantable condos (max 60% LTV non-warrantable)
- Max 10 acres for primary residence (2 acres for foreign nationals)
- Property must be in acceptable condition (C4 or better)
Loan-to-Value (LTV) Limits
- Purchase & Rate-Term Refi: Up to 70% LTV ($150K-$1.5M)
- Purchase & Rate-Term Refi: Up to 65% LTV ($1.5M-$2.5M)
- Purchase & Rate-Term Refi: Up to 60% LTV ($2.5M-$3M)
- Cash-Out Refinance: Up to 65% LTV ($150K-$1.5M)
- Cash-Out Refinance: Up to 60% LTV ($1.5M-$2.5M)
- Maximum cash-in-hand: $1.5M
Important Disclosures: This is a marketing overview and does not constitute a loan commitment or guarantee of approval. All loans subject to credit approval, satisfactory appraisal, and verification of information. Rates, fees, programs, and guidelines are subject to change without notice. The Qualified Asset Program is available in select states. Not all borrowers will qualify. For a complete list of terms, conditions, and restrictions, please contact us directly. NMLS #175722 | Company NMLS #176351. Equal Housing Lender.
