Asset Qualifier Loan
Perfect for borrowers with significant assets.
Use your assets — not your paycheck — to qualify. Asset depletion converts liquid wealth into qualifying income, with the option to combine with W-2 or bank-statement income for higher loan amounts.
Highlights
- Loan amounts up to $3M
- Qualify using assets only or combined with income
- Asset requirement: 110% of loan amount + reserves
- Divide assets by 60 mo. (assets only) or 120 mo. (combined)
- No employment or income documentation required
- Primary, second homes, and investment properties eligible
- Available for SFR, condos, and 2–4 units
- Min 700+ FICO
- Asset depletion method used for income qualification
What we do — and what we don't. Local Loan Store™ specializes in commercial, investor, and non-owner-occupied lending plus secured & unsecured business working capital. We do not originate personal loans or owner-occupied residential mortgages. If your scenario is personal or owner-occupied, we'll happily refer you to a trusted partner who is ready to help — just submit your inquiry and we'll route it to the right desk.
How funding works
- 1
Send a recent statement showing 110% of loan + reserves
- 2
Choose assets-only (÷60 mo.) or combined-income (÷120 mo.) path
- 3
We verify assets and order appraisal — no W-2s needed
- 4
Close in as little as 21 days
Real borrower scenarios
Worked examples using the program's actual LTV and qualifying rules. Numbers are illustrative — your file determines your final terms.
Recently retired couple, $2M brokerage
75% LTVAsset-only qualification, FICO 740
- Property value
- $1,000,000
- Loan amount
- $750,000
- Down payment
- $250,000
- Cash to close (est.)
- $270,000
$2M ÷ 60 mo. = $33k qualifying income/mo. — easily supports the loan.
Self-employed founder, $1M assets + $180k income
80% LTVCombined Asset + W-2 path, FICO 720
- Property value
- $1,400,000
- Loan amount
- $1,120,000
- Down payment
- $280,000
- Cash to close (est.)
- $308,000
$1M ÷ 120 mo. + W-2 → 80% LTV approval on a primary residence.
Max LTV by program
% — purchase scenarios
Max loan amount
USD millions
Indicative rate ranges
Illustrative only — actual pricing depends on file, term, and market conditions
Get matched to Asset Qualifier Loan
Submit your scenario — a loan officer will confirm program fit and indicative pricing within one business day.