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Residential

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
Apply for this program(817) 482-3900

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. 1

    Send a recent statement showing 110% of loan + reserves

  2. 2

    Choose assets-only (÷60 mo.) or combined-income (÷120 mo.) path

  3. 3

    We verify assets and order appraisal — no W-2s needed

  4. 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% LTV

Asset-only qualification, FICO 740

Financed Down payment
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% LTV

Combined Asset + W-2 path, FICO 720

Financed Down payment
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

% of value financed at purchase — click a bar to open the program

Max loan amount

USD millions — click a bar to open the program

Indicative rate ranges

Lower band = best-case pricing. Hover for details, click to open the program.

Knowledge & insights

Asset depletion converts a lump-sum balance into a synthetic monthly income — divide eligible liquid assets by 60 months (assets-only) or 120 months (combined with income).

Retirement accounts are typically counted at 60–70% of face value to discount taxes and early-withdrawal penalties.

This is the cleanest path for retirees, post-exit founders, and inheritors who have wealth but no W-2 — debt-to-income is calculated against the synthetic income, not the underlying balance.

Apply for this program

Did you know?

  • The asset-depletion method was popularized after 2014 ATR rules pushed lenders to document repayment ability beyond just paystubs.
  • A $1.2M brokerage account on the assets-only formula generates roughly $20,000/month of qualifying income on paper.
Apply for this program

Frequently asked questions

Quick answers about Asset Qualifier Loan. Not seeing your question? Talk to a loan officer below.

Do I need any income at all?
No — the assets-only path requires no employment or income documentation.
What counts as eligible assets?
Checking, savings, brokerage, and a discounted portion of retirement accounts you can access.
Can I use this for an investment property?
Yes, primary, second home, and investment properties are all eligible.
Apply for this program

Get matched to Asset Qualifier Loan

Submit your scenario — a loan officer will confirm program fit and indicative pricing within one business day.

By submitting, you agree to be contacted by The Local Loan Store™ by phone, text, or email about your inquiry — including by autodialer or prerecorded voice — even if your number is on a Do Not Call list. Consent is not a condition of credit and message/data rates may apply. No credit pull. You also agree to our Terms of Use, Privacy Policy, and E-Sign Consent. We serve urban and rural markets and are an Equal Housing Lender.

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