Liquid Asset Qualifier Mortgage

Asset Qualifier Mortgage: A liquid assets mortgage loan where approval is based on the borrower's liquid assets, such as savings, stocks, or retirement accounts, rather than regular income.

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Qualifying for a Liquid Asset Mortgage Loan

Max 75% Purchase
Max 70% Refinance
Minimum 600 FICO
Loan amounts up to $4M
Employment not required
Only show two months of statements for qualifying account
Owner-Occupied only
Can use liquid assets
Reserves not required
No income documentation

Good news for 1099, contract, and freelance home buyers

The mortgage approval rate for self-employed borrowers was 74%, compared to 69% for W-2 employees

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Frequently Asked Questions About Self-Employed Mortgages

As a relatively new loan program, the liquid asset mortgage loan, many home shoppers have questions about qualifying without the traditional W-2 income. We have the answers to these frequent questions, and can help with your specific questions at 858-229-7199.

Can I get approved for a mortgage if I'm self-employed?

Yes, self-employed individuals can certainly get approved for a mortgage. Lenders will look at your overall financial health, including your income stability, credit score, and debt-to-income ratio, to determine eligibility.

Do self-employed borrowers pay a higher mortgage rate?

Self-employed borrowers do not inherently pay higher mortgage rates. The rate is influenced by various factors, such as credit score, down payment, and the loan program you qualify for, rather than employment status alone.

What is proof of income for a self-employed mortgage?

Proof of income for self-employed individuals typically includes tax returns for the past two years, bank statements, profit and loss statements, and sometimes, a letter from a CPA verifying the stability of your business.

How do lenders calculate self-employed income for a mortgage?

Lenders calculate self-employed income by averaging your net income over the past two years, as shown on your tax returns. They consider this average alongside your current business activity and financial statements to assess your ability to sustain mortgage payments.

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