An Asset Income Lift Loan uses the borrower’s available liquid assets to generate qualifying income.
Instead of your job income, a lender calculates a monthly income amount based on:
Liquid assets
Loan term
Applicable lender formula
This “lifts” your qualifying income and helps you qualify for a larger loan amount.
These loan types work well for:
Retirees
High-net-worth individuals
Self-employed borrowers with limited taxable income
Investors with large asset portfolios
Borrowers with substantial cash reserves or investment accounts
Sometimes. Some lenders allow business accounts if the borrower owns the business and can prove that using business assets won’t harm operations.
An Asset Qualifier Loan allows borrowers to qualify based solely on their liquid assets, instead of traditional income documentation like tax returns or pay stubs.
If you have substantial assets, you can qualify even with little to no verifiable income.
