Tools
Asset-Only Mortgage Qualification Calculator
Estimate whether eligible liquid assets may satisfy an asset-only mortgage qualification test — with every eligibility percentage and coverage assumption exposed as an input you control.
Quick Answer
Asset-only programs test whether eligible liquid assets are sufficient to cover the mortgage obligation and required amounts without relying on traditional monthly income. Balances are typically reduced by category — retirement accounts, for example, are commonly discounted — before being measured against the modeled requirement. Eligibility percentages, coverage tests, and required amounts are program assumptions that vary by lender and are not an eligibility determination.
Scenario
Models eligible assets covering the full subject loan amount plus closing costs, prepaids, and any loss coverage on other real estate.
Eligible assets
Fully liquid depository balances held at an eligible financial institution.
Estimate placeholder (100%)
Vested, publicly traded holdings. Unvested RSUs, stock options, and restricted or non-publicly traded securities are excluded.
Estimate placeholder (100%)
Modeled at a reduced percentage to reflect access and withdrawal considerations.
Estimate placeholder (70%)
Modeled at a higher percentage than pre-59½ retirement assets.
Estimate placeholder (80%)
Net cash surrender value, not the death benefit.
Estimate placeholder (100%)
Modeled requirement
Modeled asset coverage
+$620,000
Based on the assumptions entered, estimated eligible assets exceed the modeled asset requirement by $620,000.
Assets
- Total entered assets
- $2,100,000
- Checking, savings & money market$400,000 × 100%
- $400,000
- Publicly traded stocks & bonds$900,000 × 100%
- $900,000
- Retirement assets — under age 59½$800,000 × 70%
- $560,000
- Retirement assets — age 59½ or older$0 × 80%
- $0
- Cash value of life insurance$0 × 100%
- $0
- Estimated eligible assets
- $1,860,000
Modeled requirement
- 100% of loan amount
- $1,200,000
- Closing costs & prepaids
- $40,000
- Other real estate loss coverage60 months of modeled net loss
- $0
- Total estimated required assets
- $1,240,000
Estimated eligible assets
$1,860,000
Modeled requirement
$1,240,000
Important: This calculator provides an estimate for educational and planning purposes only. Results are not a loan approval, underwriting decision, commitment to lend, or guarantee of qualifying income or eligibility. Actual income calculations, asset eligibility, expense factors, continuance requirements, documentation standards, and program guidelines vary by lender and loan program and are subject to further review and verification.
Asset eligibility percentages displayed by this calculator are estimate placeholders for the modeled scenario. Actual eligible percentages and asset treatment may differ based on the specific program, borrower, account type, accessibility, age, documentation, and current lender guidelines.
Want to See Which Asset-Only Structures Fit These Assets?
Asset-only programs differ on eligible account types, haircuts, coverage tests, occupancy, and reserves. Send Jonathan the scenario you just modeled and get a read on the realistic structures.
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Eligibility percentages are assumptions
Asset eligibility percentages displayed by this calculator are estimate placeholders for the modeled scenario. Actual eligible percentages and asset treatment may differ based on the specific program, borrower, account type, accessibility, age, documentation, and current lender guidelines.
Assumptions used
- Each asset category is multiplied by the eligibility percentage shown, which you can change to match the program you are modeling.
- Unvested RSUs, stock options, and restricted or non-publicly traded securities are not intended to be entered as publicly traded holdings.
- Only a monthly net loss on other personally vested real estate adds coverage, at 60 months of that loss. Positive cash flow does not reduce the requirement.
- The coverage tests shown are program scenarios. Where a program's methodology differs, the underlying engine is configurable so the correct test can be modeled without rebuilding the tool.
- Pre-filled values are examples for demonstration only.
Results are estimates for educational purposes only and are based on the information and assumptions entered. They are not a loan approval, commitment to lend, or rate quote. Actual loan terms, payments, eligibility, taxes, insurance, and other costs may differ.
This tool does not determine eligibility, approval, or qualification for any program or borrower. Asset sufficiency shown here is a modeled estimate only.
Cascada Mortgage Advisors, Inc. DBA HomeFlow (NMLS #2470941, CA DRE #02206556) is a licensed mortgage broker, not a direct lender. Any interest rate you enter is your own assumption, not a HomeFlow rate.
What an asset-only program is measuring
Some asset-only programs evaluate whether a borrower has sufficient eligible liquid assets to cover the mortgage obligation and other required amounts without relying on traditional monthly income. The question is sufficiency and access, not net worth. Illiquid holdings, restricted stock, and real estate equity generally sit outside the test.
- Depository and publicly traded balances are typically modeled at a higher percentage than retirement assets.
- Retirement assets are commonly modeled differently before and after age 59½.
- A monthly net loss on other personally vested real estate can add to the requirement.
- Asset-only qualification may be available for multiple occupancy types depending on program guidelines.
Coverage tests are program scenarios, not universal rules
Programs measure sufficiency differently: some against the full loan balance, some at a coverage multiple, some against a number of months of housing payments. Rather than hard-code one methodology, this tool lets you model the test your program actually uses, and the underlying engine is built so a specific methodology can be configured later without rebuilding the calculator.