Asset Qualifier Loan Program
Asset Qualifier Loan Program in Delaware & Maryland – Qualify Using Your Assets
The Asset Qualifier Loan Program is a flexible mortgage option that allows homebuyers and homeowners in Delaware and Maryland to qualify for a loan based on their verified assets — not traditional income documents. For borrowers with strong savings, investments, or retirement funds but limited reportable income, this program can open doors to homeownership or refinancing that might otherwise be out of reach. This program does NOT require employment or income to justify your ability to repay. This is a great program for retirees, undeserved self employed, divorced borrowers with no income, and other borrowers with large assets but no income. You can get started today by calling Loan Officer John Thomas at 302-703-0727 or APPLY ONLINE.
What Is an Asset Qualifier Loan?
Also called an asset depletion loan or asset utilization loan, this program lets you qualify for a mortgage using your liquid assets instead of W-2s, pay stubs, or tax returns. The lender calculates an “income equivalent” from your verified assets, then uses that figure to determine how much home you can afford. It’s a powerful option for retirees, self-employed borrowers with variable income, or anyone whose financial strength is reflected more in assets than earnings.
Who Can Benefit
- Retirees living off investments or savings
- Self-employed borrowers with fluctuating income
- Divorced or widowed individuals with significant assets
- Investors or business owners who minimize taxable income
- High-net-worth borrowers who prefer not to provide income documentation
Key Program Highlights
- Loan amounts up to $4 million
- Credit scores down to 600
- Up to 90% LTV for purchases / 80% LTV for rate-term refi / 75% LTV for cash-out refi
- No income or employment required — qualification is based solely on verified assets
- Primary residence, second home, or investment property eligible
- Minimum 3-month asset seasoning required
How the Calculation Works
The lender totals your verified liquid assets and divides that figure by a set number of months — commonly 60 to 120 months — to determine qualifying monthly income. For example, if you have $600,000 in eligible assets divided by 60 months, your qualifying income equals $10,000 per month. This figure is then used to calculate your debt-to-income ratio for approval.
Eligible Asset Types
- Checking and savings accounts
- Money market and certificate-of-deposit accounts
- Stocks, bonds, and mutual funds
- 401(k) and IRA balances (typically 65% credited if still in retirement account)
- Proceeds from sale of property or business (after closing documentation)
Program Guidelines Overview
- Minimum FICO 600
- Assets must be seasoned at least 3 months
- Primary, second home, or investment property allowed
- Purchase, rate/term refinance, or cash-out refinance available
- No employment, income, or DTI verification required — assets only
Example Borrower Scenario
Mary is a 68-year-old retiree in Newark, Delaware with $1.2 million in investments but no W-2 income. She wants to purchase a $700,000 home near Rehoboth Beach. Using $900,000 of her assets, divided by 60 months, the lender, John Thomas Team with Primary Residential Mortgage calculates $15,000 per month of qualifying income — easily enough to approve her loan without traditional income proof.
Asset Qualifier Loan vs. Other Self-Employed Programs
If you have income documentation challenges, several programs may help. Compare these options to see which fits best:
- Bank Statement Loan Program – uses 12 or 24 months of business bank deposits to qualify.
- 1099 Income Loan Program – qualifies using annual 1099 forms from contract income.
- P&L-Only Loan Program – uses CPA-prepared profit and loss statements to document income.
The Asset Qualifier Loan Program is unique because it does not require any income documentation at all — only proof of assets.
Benefits of the Asset Qualifier Program
- Eliminates need for tax returns or income statements
- Ideal for retirees or investors with large savings
- Allows higher loan amounts based on asset strength
- Flexible for primary homes, vacation homes, or investments
- Available for both purchase and refinance loans in Delaware and Maryland
Things to Consider
While the Asset Qualifier Loan Program offers unmatched flexibility, interest rates and down-payment requirements may be slightly higher than standard conforming loans. Borrowers should also understand that using assets to qualify does not mean you must liquidate them — it simply shows the lender that you have resources to support repayment.
WARNING – Funds being used to purchase a home CANNOT be used as assets for income to qualify since you will be spending the money at closing. Example: Borrower has $1,000,000 in assets but is using $300,000 as down payment on the purchase of a home. We would only be able to use the remaining $700,000 for asset qualifying.
How to Apply in Delaware or Maryland
John Thomas Loan Officer and the John Thomas Team at Primary Residential Mortgage specialize in helping borrowers qualify for non-traditional loan programs like the Asset Qualifier Loan. The team works with clients throughout Delaware and Maryland — including Newark, Wilmington, Dover, and the Eastern Shore — to help retirees and self-employed borrowers leverage their assets for home financing.
To get started, call 302-703-0727 or apply securely online at PRMILoanApplication.com.
Frequently Asked Questions
What is an Asset Qualifier Loan Program?
It is a mortgage program that uses your liquid assets to qualify instead of traditional income. Lenders convert your assets into a monthly income equivalent to determine eligibility.
Do I have to sell my assets to qualify?
No. Assets remain in your name. They are used only for qualification purposes and do not need to be liquidated before closing.
What credit score is required?
The minimum credit score is 600, although stronger credit may improve terms and loan amount eligibility.
What types of properties are eligible?
Primary residences, second homes, and investment properties are allowed in both Delaware and Maryland.
How much can I borrow?
Loan amounts are available up to $4 million based on qualified assets and credit profile.
Can I use retirement funds as assets?
Yes, 401(k) and IRA balances may be used if they are vested and accessible. Lenders typically count 65% of the balance toward your total qualifying assets.
What is asset seasoning?
Seasoning means your assets must have been in the account for at least three months before application. This confirms they are not borrowed or gifted funds.
Is this available for refinancing too?
Yes, rate-and-term refinances up to 80% LTV and cash-out refinances up to 75% LTV are eligible.
How long does approval take?
Most Asset Qualifier Loans close in 30 to 45 days depending on documentation speed and property type.
How do I get started?
Contact John Thomas and the John Thomas Team today at 302-703-0727 or apply online at PRMILoanApplication.com.
Why Work with John Thomas and Primary Residential Mortgage
John Thomas (NMLS #38783) and his award-winning team have helped thousands of families throughout Delaware and Maryland achieve homeownership. With deep experience in non-QM loan programs, down payment assistance, and VA and FHA financing, the John Thomas Team is committed to helping clients find the best path to home ownership through education and personalized guidance.
Explore Other Loan Options
Ready to see if you qualify? Start your secure application today at PRMILoanApplication.com or call 302-703-0727 to schedule your consultation.
