Watch the Video: Asset Qualifier Loan Program Explained

The Asset Qualifier Loan Program allows borrowers to qualify for a mortgage using verified assets instead of income documents.
Lenders convert your liquid assets into an income-equivalent figure, requiring no job, no tax returns, and no W-2s. This program is designed
for retirees, self-employed borrowers, investors, and anyone with strong assets but limited reportable income.

Asset Qualifier Loan Program – Qualify Using Your Assets, Not Your Income

By Loan Officer John Thomas, Primary Residential Mortgage, Inc.

In the video above, I explain one of the most flexible non-QM mortgage programs available today — the
Asset Qualifier Loan Program. If you have strong savings, retirement funds, or investments but very little
traditional income, this program may allow you to purchase or refinance a home without using W-2s, tax returns, or pay stubs.

What Is the Asset Qualifier Loan Program?

As outlined in the video, the Asset Qualifier Loan Program — sometimes called an
asset depletion loan or asset utilization loan — allows you to qualify based only on your
verified assets. There is no employment required, and the lender does not calculate income
the traditional way.

Instead, your total eligible assets are divided over a set number of months (commonly 60, 84, or 120). That number becomes your
qualifying monthly income.

Video Example Recap

If you have $600,000 in assets divided by 60 months, your qualifying income becomes:

$600,000 ÷ 60 = $10,000 per month

Who This Program Helps Most

In the video, I walk through several real-world groups who benefit from this program:

• Retirees living off investments or savings
• Self-employed borrowers with fluctuating income
• Widowed or divorced borrowers with significant assets
• Investors and business owners who minimize taxable income
• High-net-worth borrowers who prefer not to document income

If your tax return doesn’t reflect your true financial strength, the Asset Qualifier program may be the simplest approval path.

Key Highlights Explained in the Video

• Loan amounts up to $4 million
• Minimum credit score 600
• Up to 90% LTV on a purchase
• 80% LTV on rate-term refinances
• 75% LTV on cash-out refinances
• No income, job, or DTI requirements
• Primary, second home, or investment property eligible
• Minimum 3-month seasoning on assets

What Assets Count?

The video explains exactly which asset types are eligible for qualification:

• Checking and savings accounts
• Money market accounts and CDs
• Stocks, bonds, and mutual funds
• Retirement accounts (typically 65% counted if funds remain in the account)
• Proceeds from the sale of property or a business

Important Warning From the Video

One of the biggest mistakes borrowers make:
Assets used for your down payment or closing costs cannot also be used to qualify.

Example from the video:

If you have $1,000,000 in assets and use $300,000 for down payment, only
$700,000 can be used for qualification.

Real Borrower Example

I share a real scenario of Mary, a 68-year-old retiree with strong investments but no W-2 income.
Using $900,000 divided by 60 months, she qualified with
$15,000 per month in income — enough to buy her new home without any income documentation.

How This Program Compares to Other Non-QM Options

The video compares Asset Qualifier to the other main self-employed programs:

• Bank Statement Loans – qualify using 12–24 months of deposits
• 1099 Loans – qualify using annual 1099 income
• P&L-Only Loans – qualify using a CPA-prepared profit-and-loss statement

Asset Qualifier is the only program that requires no income documentation at all.

Pros and Cons (As Discussed in the Video)

Pros

• No tax returns, W-2s, or pay stubs
• Works well for retirees and investors
• Can support higher loan amounts
• Flexible on property type
• Available for purchase and refinance

Considerations

• Rates may be higher than conforming loans
• Down payments may be larger
• Assets must be fully verified
• You do not need to liquidate assets to qualify

How to Apply

Whether you are retired, self-employed, or simply have strong assets, my team can help you determine if the Asset Qualifier Loan Program
fits your situation.

• Call 302-703-0727
• Apply online at PRMILoanApplication.com

FAQ

Do I need a job to qualify?

No. Employment is not required because qualification is based solely on your assets.

Do I have to sell my assets?

No. Your assets remain in your accounts unless you are using them for down payment.

What credit score is required?

Minimum credit score is typically 600.

Can I use retirement funds?

Yes. Lenders usually count around 65% of vested retirement accounts.

Are investment properties allowed?

Yes. You can purchase or refinance primary, second home, or investment property.

What is the max loan amount?

Loan amounts are available up to $4 million.

How long does closing take?

Most loans close within 30–45 days.

Work With John Thomas

With more than 20 years of experience helping retirees, investors, and self-employed borrowers, my team specializes in providing clear
guidance and finding the right mortgage solution for your financial goals.

Call 302-703-0727 or apply online at PRMILoanApplication.com.