Qualify For A Mortgage Using Assets

We allow you to qualify based on your assets instead of your income so you can get approved and close on your home.

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Asset Based Mortgage Loans Can Take You From Denied To Approved

Do you have enough assets to cover the requested mortgage amount but are still are being told no?  Here are some instances where you might be denied:

❌ If you started your own business or consulting service in the last 2 years
❌ If you’ve sold a business
❌ If you’re in between jobs
❌If you’ve retired and accumulated significant assets but only receive fixed income

If you have the ability to purchase a home in cash, but the bank won’t approve you for a mortgage it’s easy to get frustrated and overwhelmed.

I have helped countless people just like you qualify based on their assets instead of their income. 

Why LoanBud?

We host a variety of products that can help suit your individual needs. Some of the benefits are:


Qualify solely based on eligible assets and not tax returns so you can get approved and close on your home.


Have peace of mind knowing we’ll look at your asset statements to calculate your income up front, before we issue a pre-approval letter.


Relax knowing LoanBud has you covered. With our variety of loan options, we will work with you to help you achieve your homeownership goals.

What My Clients Have to Say:

"Being a business owner, I was concerned that I would not qualify for a mortgage because of my tax returns. Scott Appelbaum and his team were incredibly fast and got us closed 21 days from the day we spoke. If I knew a business owner like myself in need of a mortgage, I would highly recommend your company!"

Brandy and Brian D.

Self-Employed Borrower

"I am a self-employed individual with varying ownership stakes in several companies. In addition to my complex tax returns, I had a small closing window and my building’s lender started changing my qualifying requirements on my $1.5M purchase 45 days prior to closing on my dream home. After thoroughly reviewing my business cash flow statements, you were able to make sense of it and ensure a smooth underwriting process. The open line of communication was key to me. I had a lot on the line and knowing that I wasn’t being put off really helped reassure me that everything was going to work out.  Working with Scott Appelbaum was the best decision.  Transparency was so important during this process and you always give it straight!"

Sam P.

Self-Employed Jumbo Borrower

"I was concerned about getting a mortgage commitment letter in time, and I heard 60 days from bankers and my neighbors. After quickly getting my commitment letter and finding the right product that fit me and my source of income, Scott Appelbaum left me with no doubt that he was going to get it done. It was a synergistic recipe for success for us, and we’d recommend him and his team to anyone without a shadow of a doubt!"

Charles A.

Self-Employed Borrower

Getting a Loan with Scott Appelbaum
is as Easy as 1, 2, 3 ...


Schedule a Consultation

Schedule time on my calendar so I understand your goals and help create a plan.


Know Your Options

Discover what options are available to you and have confidence knowing your income has been reviewed up front.


Close Your Loan

Relax as I guide you through a stress-free loan process so you can close on time.


What is an asset based loan?

Also known as an asset-qualifying or asset depletion loan, an asset based loan is a type of mortgage that allows you to qualify using liquid assets instead of income (tax returns).


To calculate income for an asset depletion loan, the lender will take the total amount of liquid assets and divide it by a certain number of months.  


The number of months used can vary by lender, starting as high as 360 months for conventional loans. LoanBud takes the borrower’s total liquid assets and divides them by 60.

How do I know if an asset based mortgage is right for me?

Most asset-based mortgage customers have at least 110% of the amount they’re looking to borrow in assets. For example, if you want to purchase a $500,000 property, you will need to have at least $550,000 in liquid assets, investments, or retirement accounts to qualify for an asset depletion mortgage without proof of income.



Asset based loans are ideal for people who:

  • Have a significant amount of assets
  • Do not show enough net income on the tax returns to qualify for a conventional mortgage
  • Are retired or are close to retirement
What are the requirements for an asset-based mortgage?

An asset-based mortgage could be a great fit if the value of your assets is significantly larger than your monthly income. However, you need to make sure that your assets can be used to qualify for a mortgage.


Qualifying assets include:

  • Checking and/or savings accounts
  • Investment accounts (stocks, bonds, and mutual funds)
  • Retirement accounts (IRA or 401k)
  • Certificates of deposits (CDs)
  • Money market accounts


Here are examples of assets that cannot be used:

  • Equity in real estate owned
  • Automobiles, boats, or other non-liquid assets
  • Gifts or loans


You will also need to meet a certain set of requirements in order to be considered for an asset-based mortgage. 


Typically, your lender will require:

  • A down payment of 25-30% of your home’s purchase price, although LoanBud can offer asset qualifying mortgages for as low as 15% down
  • A credit score of 620 or higher, but above 680 is ideal
  • Liquid assets of at least 110% of the requested loan amount
Can you refinance based on assets?

Yes, asset based loans can be used for both refinances and purchases.  At LoanBud, asset based refinances are available as both a rate & term refinance or as a cash out refinance, up to 85% loan to value.

My High Net Worth Clients Don’t Get Denied a Mortgage Because of Tax Returns

At LoanBud, we know if you have enough assets to buy a home in cash, you are the kind of people who want to be successful. In order to be that way, you need a mortgage to buy your home. The problem is, even with significant liquid assets you may still struggle to get approved for a mortgage because of your income, which makes you feel frustrated and defeated. I believe that only qualifying people based on their tax returns is plain wrong.

I understand how frustrating it can be for those with significant assets to struggle with getting a mortgage. That’s why we allow our high net worth customers to qualify using eligible assets instead of tax returns.

Here’s how it works:

1) Schedule a Consultation
2) Know Your Options
3) Close Your Loan

So request a free consultation with me today so you can stop worrying about getting approved for a mortgage so you can be happy in your new home.



We offer jumbo loans with as little as 5% down up to $2 million or as little as 10% down up to $5 million



LoanBud was built for the self-employed. Qualify using banks statements or 1099s instead of tax returns.

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