Let Your Assets Do The Qualifying.
Loans from $150,000 to $3.5 Million, qualified from documented deposit, brokerage, and retirement assets, for the purchase or rate-and-term refinance of a primary residence.
Quick answer
Saxton Mortgage does. At least one program we offer qualifies borrowers on their assets, counting 100% of checking, savings, money market accounts and stocks and bonds, 100% of retirement assets once you reach eligible retirement age or 70% before that, and 100% of trust accounts that meet the program’s requirements.
For buyers with savings, not pay stubs.
How far your savings go depends on the divisor each program uses and the type of account.
- $150,000 to $3.5 Million from documented assets
- Retirement, brokerage, and deposit accounts
- Retirees and portfolio holders
- Purchase or rate-and-term refinance a primary residence
- No employment income required on this route
- Each asset statement no older than 90 days at closing, at one program*
- Every name on the account must also be on the loan*
Qualify from documented, eligible assets
Gifts allowed for the down payment
Primary residence financing
Retirement, brokerage, and deposit accounts considered
Co-ops eligible on a primary home
Assets held in a trust can count
What is the Saxton Asset Qualifier Loan?
A primary residence loan qualified from your balance sheet
The Saxton Asset Qualifier Loan builds the qualifying picture from documented assets rather than employment income, for buyers whose balance sheet is stronger than their pay history.
Eligible deposit, brokerage, and retirement accounts are divided across a set amortization period to produce a qualifying figure, subject to sourcing and seasoning requirements.
Use it to purchase a primary residence or complete a rate-and-term refinance, on single-family homes, planned unit developments, townhomes, and warrantable condominiums, with loan amounts from $150,000 to $3.5 Million.
Why choose the Saxton Asset Qualifier Loan?
Built for buyers whose balance sheet is strong even when their income documentation is not.
Recent Retirees
Qualify from documented retirement and investment holdings instead of employment income.
Between Ventures
Founders and executives between roles who hold substantial liquid assets.
Living On A Portfolio
Draw the qualifying picture from your portfolio rather than from a pay stub.
Inheritance or Windfall
Documented and seasoned proceeds can support a purchase.
Refinance Without A Paycheck
Rate-and-term refinances qualify on asset income at one program, just like purchases. At another program, cash pulled out by refinancing is never counted toward asset income.
Retired Borrowers
Documented assets can carry the file when there is no paycheck to show.
Hear From Homeowners Like You
Frequently Asked Questions
Answers on which assets count, how they become income and where the loan can be used.
Saxton Mortgage does. At least one program we offer qualifies borrowers on their assets, counting 100% of checking, savings, money market accounts and stocks and bonds, 100% of retirement assets once you reach eligible retirement age or 70% before that, and 100% of trust accounts that meet the program’s requirements.
Cash in checking, savings and money market accounts, plus CDs, counts at full value for an asset depletion mortgage at one program, and crypto counts at 40% of its U.S. dollar value. Another program will not count the cash value of life insurance, equity in real estate, foreign accounts or margined assets.
Yes, one program allows asset utilization on any occupancy type, including a vacation property or an investment home. That same program’s asset depletion option is limited to your residence and second homes, so we place you in the version that fits the property.
Yes, one asset depletion program permits cash-out refinancing for your owner-occupied home, with cash-out proceeds as high as $1,500,000. Other asset programs we reviewed stop at buying and rate-and-term refinancing, so the choice of program matters.
No, an asset depletion mortgage at one program needs no employment listed on the application and no employment verification. Another program lets asset income stand alone or combine with W-2 pay, pension income or Social Security, but not with interest or dividends from those same assets.
On an asset depletion loan at one program, the divisor is 84 months when assets are your only income, or 36 months when they supplement other income and your DTI without them is 60% or less. Another program divides by 60 months. Money for the down payment and closing costs is subtracted before the math.
Single-family homes, a single-family home with one ADU, modular homes, PUDs, townhomes, 2-4 unit buildings, condos, non-warrantable condos and rural homes are all eligible for asset utilization at one program. Condotels are eligible there only as investment properties.
Yes, at least one asset depletion program offers adjustable-rate loans, and investment properties in some states, including Alaska, Kansas, Michigan and Pennsylvania, are limited to adjustable-rate loans there. Before you choose, we confirm which rate structures your property’s state allows.
Find out what you qualify for
Whether you’re buying or refinancing a primary residence, there’s likely a Saxton Asset Qualifier Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.