Common challenges
Wealth does not always look like W-2 income: carried interest, RSUs, K-1 distributions and trust income confuse standard underwriting, and selling appreciated assets to buy cash triggers taxes a mortgage avoids.
Programs that fit
Jumbo Loans
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
Asset Depletion Loans
An asset depletion (asset utilization) loan converts your liquid assets into a monthly qualifying income, typically by dividing eligible assets by a set number of months, so retirees and investors with savings but little paycheck can qualify..
Bank Statement Loans
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Tips before you apply
- Asset depletion divides eligible assets by a set number of months to create qualifying income, no paycheck needed.
- Compare a pledged-asset line against a mortgage: portfolio lines are callable and variable-rate, mortgages are not.
- RSU and bonus income generally needs a two-year history; bring vesting schedules and employer letters.
FAQ
What is the best mortgage for high-net-worth borrowers?
It depends on your documentation and goal. The programs that most often fit are Jumbo Loans, Asset Depletion Loans, Bank Statement Loans, Conventional Loans.