A home loan where your verified savings, investments and retirement accounts can count in place of, or as well as, a paycheck. Your accounts stay yours; the home is the collateral, as with any mortgage.
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Fidelity Residential · NMLS #103098 · Equal Housing Lender
An asset-based mortgage is an ordinary home loan, secured by the home. The difference is how you show you can repay it: with the money you already have, verified from your statements, rather than only with pay stubs or tax returns.
Nothing is pledged. Your savings, brokerage and retirement accounts stay in your name, and you do not have to withdraw them. Your credit, your record of housing payments, the appraisal and the property are underwritten as usual.
The money you use counts on its own or on top of wages, a pension or other income you can document. Most programs are for the home you live in; some also allow a second home or a rental property.
Programs use one of these. A loan officer picks the one that fits your accounts and the home.
The lender adds up your eligible accounts, counts each kind at a share of its value, takes off what you need to close and keep in reserve, and spreads the rest over a set number of months. That monthly figure is treated as income, and a normal debt-to-income ratio follows.
No income calculation and no debt-to-income ratio. The test is whether the assets left after closing are large enough measured against the loan and your other debts, and leave enough each month to live on.
If you already document wages, a pension or other income, a monthly amount from your assets can be added to it. A retiree can also set up regular withdrawals from an account that then count as income.
See how your savings, investments and retirement accounts could count as qualifying income. We show the Fannie Mae method and our non-QM methods side by side, using the same balances. These are estimates, not an approval.
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This calculator gives estimates for information only. It is not a loan application, an approval or a commitment to lend. Which method applies, and the final qualifying income, are set by underwriting after a full review of your accounts, credit, property and loan. Each method has its own rules on eligible accounts, minimum assets, occupancy, loan-to-value and loan amount, and not every method is available for every loan.
The home, the purchase or refinance, and which bank, brokerage and retirement accounts you hold. The loan officer picks the method and a program that allows the home.
Complete statements for every account you want counted, all pages. Large or unusual deposits are explained. Retirement accounts need the plan’s withdrawal terms.
The underwriter applies the program’s rules to your accounts. The home is appraised and title is checked, as for any mortgage.
Balances are confirmed again shortly before closing. You keep your accounts; there is no requirement to withdraw the money.
Most borrowers can start with these.
No. Nothing is pledged and nothing has to be sold. The lender reads your statements; the home is the collateral.
Not always. With an asset qualifier you do not need to show employment. With asset depletion, your assets can be your only income or be added to other income. Either way, the lender confirms you can repay from verified assets.
Bank accounts, brokerage accounts and retirement accounts are the usual ones. Each program counts each kind of account in its own way, and some count part of an account’s value.
Most programs are for the home you live in. Some also allow a second home or a rental property. Ask a loan officer which programs fit your plans.
No. It shows how the methods could treat the balances you enter. Underwriting sets the method and the final figures after a full review.
Fidelity Residential is licensed in many states. The full, current list is on NMLS Consumer Access (opens in a new tab), or call us at 732-686-9999.
Get a quote, apply online, or talk it through with a licensed loan officer.
This page is general information, not a commitment to lend. Programs, terms and eligibility depend on credit, income, assets, property and underwriting review and are subject to change without notice.