Asset-Based Loans
Finance Your Home Using Your Assets
Use your savings and investments—not your income—to qualify for a mortgage. Ideal for retirees, investors, or the self-employed.
Get StartedWho are Asset Loans built for?
Have significant liquid assets
Prefer not to use traditional income verification
Are self-employed with fluctuating income
Are a retiree with limited monthly income distributions
How Asset-Based Loans Help You
What is an Asset-Based Loan?
Not everyone fits the traditional mortgage mold. With Asset-Based Loans, you can qualify using your verified liquid assets instead of employment income. It’s a smart way to leverage your financial strength to secure home financing—no paystubs or tax returns required.
Asset-Based Loans, also known as asset-utilization or asset-depletion loans, allow you to qualify for a mortgage using your liquid assets—like savings, retirement accounts, or investment portfolios. Instead of income, lenders assess the value of your assets to determine your eligibility.
Key Features of Asset-Based Loans
No income or employment verification required
Use assets like checking, savings, IRAs, stocks, or mutual funds
Purchase, refinance, or cash-out refinance options
Ideal for high-net-worth borrowers, retirees, self-employed professionals, special divorce situations, and for supplementing traditional income
Available for primary, second homes, and investment properties
Asset-Based Loans in practice
Louise, a 40-year-old, wants to purchase a new home. She is currently working a job that has significant overtime. She worked for 10 years previously at a retailer where she participated in the 401k program. She has gone to a traditional lender, and she was denied because a large portion of her income comes from overtime. The reason for the denial is because the overtime doesn’t have a two-year history and thus the lender excludes that income. Louise finds her way to a nontraditional program where she uses her base income but also takes her 401k balance into account for additional income. This unique lender will allow the combination of various income sources: traditional w2/paystubs and asset depletion in this case. She bought her new home.
Quinn has recently gone through a “gray divorce”. In the settlement, she was awarded her portion of the family wealth mostly in retirement assets. These are not income producing assets in that they are in a tax advantaged “wrapper”. Withdrawals would lead to taxable events. Quinn is very anxious to start her new life. Finding and establishing a new home for herself is important to her. She went to her local bank, and they told her that she doesn’t show enough income through her tax returns. She took advantage of an “asset depletion” program where the lender took her assets and divided by number in a formula and in instant income is established. This is used for qualifying. The assets do not need to be pledged or withdrawn.
Here’s How to Get Started
We make the process simple and straightforward:
- Explore Your Options: Learn if asset-based lending is right for your situation.
- Connect with a Loan Officer: Discuss your financial profile and goals.
- Get Preapproved: Leverage your assets and receive a custom mortgage solution.
Just a Minute Could Unlock Your Options
Answer a few quick questions and see if you might qualify for an Asset-Based Loan. No commitment.
Get Started
