Ideal Mortgage Solution for High Net Worth Individuals

Maine Mortgage Solutions is pleased to offer the Asset Qualifier Mortgage Program, designed specifically for high net worth borrowers with significant assets. This unique program provides an alternative route to homeownership, tailored for individuals who may not meet traditional employment or income verification requirements but have substantial assets.

Who Qualifies for the Asset Qualifier Program?

  • No Employment, Income, or Debt-to-Income (DTI) Requirements:
    • This program does not require traditional employment or income documentation.
  • Primary Residence:
    • Available for financing primary residences only.
  • Credit Score:
    • Minimum credit score of 700 required.
  • Loan Amount:
    • Loans available up to $3 million.
  • Loan-to-Value (LTV) Ratio:
    • Maximum LTV of 75%.
  • Foreclosure, Short Sale, or Bankruptcy Seasoning:
    • 5 years of seasoning required.

Required Assets for Qualification

To qualify for the Asset Qualifier Mortgage Program, borrowers must demonstrate significant post-closing assets. The required assets include:

  • Loan Amount:
    • The total loan amount being applied for.
  • Recurring Monthly Debt:
    • Multiply your recurring monthly debt by 60 months.
  • Funds to Close and Reserves:
    • Include funds to close and 6 months' worth of reserves.

Note: Borrowers must have at least $500,000 in post-closing assets. Please refer to the program guidelines for complete details.

Why Choose Maine Mortgage Solutions?

At Maine Mortgage Solutions, we are committed to providing innovative mortgage solutions that cater to the unique needs of our clients. The Asset Qualifier Mortgage Program is designed for high net worth individuals who have significant assets but may not meet traditional income or employment criteria. Our goal is to make the mortgage process as straightforward and accessible as possible for our clients.

For more details or to begin your application process, contact Mark Violette today!