California Asset Qualifier Home Mortgages
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California Asset Qualifier Home Loans
Welcome to Capital Home Mortgage California, a California Asset Qualifier Mortgage Lender, striving to provide California’s asset rich homebuyers and homeowners alternative options to purchase, refinance, or cash out through the California Asset Qualifier Home Mortgages. Non-QM California Asset Qualifier Home Loans are specialized mortgage loans designed for borrowers with significant liquid or marketable assets who may not have traditional income documentation to qualify. These loans are ideal for retirees, high-net-worth individuals, or self-employed borrowers with substantial savings or investments but limited taxable income. California Bank Asset Qualifier Mortgage Rates are determined by demand from private investors and are typically higher than traditional mortgage rates.
Capital Home Mortgage California can guide clients through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for California Non-QM loans.
Call today (888) 620-7744 to speak to a California Asset Qualifier Mortgage Specialist.
California Asset Qualifier Mortgage Loans
The Asset Qualifier loan program is for borrower’s to qualify using their liquid assets. No employment, income or DTI is required to justify ability-to-repay. Borrower to qualify based on required assets that meet seasoning requirements. Designed to help retirees, self-employed, and other borrowers with required seasoned assets to purchase or refinance.
California Asset Qualifier Key Points
- Purchase, Rate & Term, Cash-Out
- Primary Residence Only
- No Employment, No Income, No DTI
- Minimum Credit 700
- Maximum LTV 75%
- 12 Months Bank Statements
- Rates are 30 Year Fixed
- Interest Only Options
- Assets Sourced and 6 Month Seasoned
- 500K Required in Post Closing Assets
- 5 Yr Seasoning Foreclosures / Bankruptcy
- Min Loan 250K / Max Loan 3M
Key Features of California Asset Qualifier Home Loans
Overview of California Asset Qualifier Home Mortgages
- Income Qualification through Assets: Borrowers qualify based on their liquid assets, such as cash, stocks, bonds, or retirement accounts, rather than employment income or tax returns.
- No Traditional Income Requirements: Tax returns, W-2s, and pay stubs are not required. Eligibility is determined by the borrower’s financial strength and available assets.
- Loan Purpose:Suitable for purchasing primary residences, second homes, investment properties. Refinancing options are also available.
- Loan to Value Ratios (LTV): High loan limits, including jumbo loans, make this option suitable for California’s luxury housing markets.
- Interest Rates: Rates may be higher than traditional loans but remain competitive for borrowers with strong asset portfolios.
Eligibility Requirements of California Asset Qualifier Home Mortgages
- Asset Verification: Borrowers must provide statements for qualifying assets, such as: Liquid assets (checking/savings accounts, money market accounts); Marketable securities (stocks, bonds, mutual funds); Retirement accounts (401(k), IRA, etc.)—a portion may be used for qualification.
- Asset Sufficiency: Lenders typically require assets to cover 60-84 months of mortgage payments, including principal, interest, taxes, and insurance.
- Down Payment: Minimum 20-30% is required for purchase loans. Refinancing may require a similar level of equity.
- Credit Score: A minimum credit score of 680 is standard, though stronger credit profiles receive better terms.
- Debt-to-Income (DTI) Ratio: DTI is often bypassed since income is not the qualifying factor. Instead, asset sufficiency determines eligibility.
Advantages of California Asset Qualifier Mortgages
- Flexible Qualification: Perfect for individuals with high assets but low or irregular income.
- Access to High Loan Amounts: Suitable for California’s high-cost housing market.
- Streamlined Documentation: Simplifies the process for borrowers with complex finances or non-traditional income sources.
- Property Flexibility: Applicable to primary residences, vacation homes, and investment properties.
- Debt-to-Income (DTI) Ratio: DTI is often bypassed since income is not the qualifying factor. Instead, asset sufficiency determines eligibility.
Qualifying of California Asset Qualifer Home Mortgages
- Initial Consultation: Borrowers provide an overview of their assets and loan goals.
- Asset Review: Lenders analyze liquid and marketable assets to ensure sufficient reserves for loan qualification.
- Application: Submission of required documentation, including asset statements and property details.
- Approval: Underwriting evaluates asset sufficiency, credit profile, and property value.
- Closing: Borrowers finalize the loan with funds for the down payment and closing costs.
Who Should Consider California Asset Qualifer Home Mortgages
- Retirees: Individuals with substantial retirement savings but little regular income.
- High-Net-Worth Individuals: Borrowers with significant liquid or marketable assets who wish to avoid traditional income verification.
- Self-Employed Borrowers: Entrepreneurs with irregular income patterns or complex tax filings.
- Luxury Property Buyers: Those purchasing high-value homes in California’s competitive markets.
- Real Estate Investors: Borrowers expanding their portfolio using asset-based qualification
California Asset Qualifier Mortgage Rates
Interest Rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding
California Mortgage Team
California Mortgage Company Reviews
California Mortgage Programs
California Purchase Home Loans
Looking to Purchase in California?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Home Loans
Looking to Renovate a California Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home Loans
Great First Time California Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California VA Home Loans
100% Financing for California Veterans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional Home Loans
Flexibility for California Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Conforming Mortgages
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home Loans
California Rural Home Mortgages
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native American Loans
California Hud 184 Home Mortgage
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
California Manufactured Home Loans
Great California Affordable Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Home Loans
Your California Home at Work for You
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home Loans
Making California Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California Construction Home Loans
Build Your California Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Home Loans
California Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Home Loans
California Equity Cash Out Mortgage
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
