The Quick Read: Yes, a founder can get a super jumbo loan on assets, through select wholesale non-QM programs, when verified liquid assets or business deposits carry the file instead of traditional personal-income documentation, though credit, appraisal, reserves and a size-based leverage cap still apply. “No income” means no income calculation or no tax-return income. It never means no documents. Founders usually choose among three routes: asset allowance, assets-only, or bank statements.
- Asset allowance turns liquid assets into notional monthly income, and it applies to primary and second homes only.
- Assets-only skips the debt-to-income test when U.S. liquid assets cover the loan, closing costs and a cushion.
- Bank statements count personal-account transfers from your own business in full.
- Unvested stock, business funds, gifts and cryptocurrency never count as qualifying assets.
- Every figure here is a ceiling through select wholesale programs, subject to full underwriting. Above $4,000,000, each file is reviewed case by case before submission.
What Does “Super Jumbo on Assets” Actually Mean?
A super jumbo has no legal definition. It is a lender convention for loans far above the conforming line. The current FHFA baseline one-unit limit is $832,750, with a high-cost ceiling of $1,249,125. Anything above the limit that applies to the property is non-conforming. Non-QM and bank portfolio programs fill that space, so the guidelines come from those programs and not from agency rules.
Lendmire is a broker. It shops two wholesale channels for this profile, and the loan amounts run from $300,000 to $30,000,000 across them.
- The portfolio program is a non-QM bank-statement program that carries files to $6,000,000.
- The bank program is a bank portfolio jumbo program that carries twelve-month-statement files to $30,000,000. Its ladder begins above $4,000,000 and overlaps the portfolio program to $6,000,000. Above $6,000,000 it stands alone.
“On assets” can mean three different jobs. Founders often mix them up, so the next table separates them.
| Path | What is measured | Best fit |
|---|---|---|
| Bank statements | Deposits after an expense ratio | Founder still paid by the company |
| Asset allowance | Liquid assets divided by months | Post-exit, primary or second home |
| Assets-only | Liquidity vs. loan plus costs | Large liquid balance, no DTI wanted |
| DSCR | Property rent vs. its debt service | Rental purchase, no personal income read |
Each path answers a different question. Pick the one that matches how your money actually shows up.
How Does Asset Allowance Work for a Founder?
Asset allowance divides eligible liquid assets by a set number of months and counts the result as monthly income. Nothing is sold. Across the wholesale programs we place files with, the divisor is 36, 60 or 84 months.
- 36 months applies as supplemental income when the file’s debt-to-income ratio before the asset income is at or below 60%.
- 60 months applies as supplemental income when that pre-asset ratio is above 60%.
- 84 months applies when assets are the only income, and on any loan above $3,500,000.
The 60% test only picks the divisor. The ratio with the asset income counted still has to fit under the 50% debt-to-income ceiling. Allowance is available on primary and second homes only, at 80% maximum leverage. Divisors change by program, so treat them as ranges and not as promises.
A longer divisor produces less notional income. A founder with a large portfolio and no other income often lands on 84 months. That is why the size of the liquid balance matters more than its headline value.
What Is Assets-Only Qualification?
Assets-only skips the debt-to-income calculation entirely. The test is simple. U.S. liquid assets must equal the loan amount plus closing costs plus sixty months of any net loss on other residential property you own.
That last piece matters for founders who hold several rentals. A property that loses money every month raises the liquidity you need. Lendmire’s piece on qualifying a super jumbo with no current income walks through the same assets-first logic from another angle.
Assets-only is blunt. It ties up the capital the lender relies on. If you would rather keep that cash working elsewhere, one of the income-based paths may fit better.
What Counts as an Asset, and What Does Not?
For most founders, the surprise is on the “does not count” side. The treatment below reflects select wholesale programs, subject to full underwriting.
| Holding | Treatment |
|---|---|
| U.S. cash and brokerage accounts | Counts as liquid assets |
| Retirement accounts | Counts at 70% (80% at 59.5+) |
| Revocable living trust accounts | Counts |
| Company or business funds | Never counts |
| Unvested stock or options | Never counts |
| Cryptocurrency | Never counts |
| Gifts | Never counts |
Unvested equity does nothing for an asset file until it vests and sits in a liquid personal account. Company cash is the company’s money, not yours. A founder who leaves a large balance in the operating account may look rich on paper and still have thin personal liquidity.
Another trap is double-counting. The same dollar cannot be your down payment, your reserves and your qualifying income at once. If an account is pledged or used for cash to close, it comes out of the asset pool.
A Worked Founder Scenario
Say a founder sold part of a company and holds a large U.S. brokerage account. Her taxable income is thin because most of the gain was deferred. She wants to buy a $2,400,000 primary residence.
That price falls in the $2,000,000 to $2,500,000 band. On a primary-residence purchase, leverage in that band tops out at 80% through select wholesale programs. The best cell typically wants credit of 720 or higher. A lower score takes a lower leverage cell in the same band.
Here is how the file would run on asset allowance:
1. The lender verifies the brokerage statements and removes anything that does not count. 2. Eligible assets are divided by 36, 60 or 84 months, depending on the file. 3. The resulting income is tested against the loan’s debt-to-income ratio, which has to fit under 50%. 4. Reserves are added. At this loan size, programs typically ask for 9 months. 5. Credit, appraisal and title run as usual.
If the debt-to-income ratio fails, she has options. She can lower the loan amount, add liquid assets, or switch to assets-only. A larger down payment reduces the balance the asset income has to carry.
Now take a second founder who still pays himself from his company. His taxable income is low after write-offs, but deposits are strong. Bank statements usually fit him better. The lender reads 12 or 24 months of deposits and applies an expense ratio. Fixed ratios run 20% for a service business with no employees, 40% for one to five employees, and 50% for six or more employees or any product business. An accountant can also supply a ratio. Transfers from his own business into his personal account count at 100%. He needs at least 25% ownership if he uses business statements.
What Does a Practitioner See Go Wrong?
Across the wholesale network, asset-based founder files tend to stall on the same few points. Unvested stock gets listed as if it were cash. Company funds show up in the asset total. A founder assumes asset allowance works for a rental, and it does not. Statements arrive with missing pages, and the lender needs consecutive statements, never transaction histories.
The fix is usually to sort holdings before anyone applies. Separate personal liquid funds from business funds, and separate vested from unvested. That one hour of cleanup often decides which path fits.
Why Do Big Portfolios Still Get Declined?
A large balance does not guarantee approval. Programs layer overlays on top of the asset test, and a few of them catch wealthy borrowers off guard.
Above $3,500,000 on a primary residence, and above $3,000,000 on a second home or investment property, the super-jumbo overlays apply. They typically include:
- A 700 credit floor.
- A 0x30x24 housing history.
- 48 months of seasoning after any credit event.
- U.S. citizens and permanent residents only, with no non-occupant co-borrowers.
- No rural property, and ten acres maximum.
- Cash-out proceeds that cannot satisfy reserves.
Credit tiers matter at every size. The portfolio program’s floor is 660. The bank program’s floor is 680. Above the super-jumbo line, the floor is 700. Those are floors, not the score that earns the best leverage. The credit figure in each band is the score that band’s top leverage needs.
A founder who recently moved to the U.S. on a visa can fail on residency alone. A founder who has rented for years without a mortgage history can fail on housing. Neither problem shows up in an asset statement.
Does Leverage Shrink as the Loan Grows?
It usually does, though not in a straight line. The ladder below shows the best available purchase cells on a primary residence, each tied to its program and subject to underwriting.
| Loan size | Purchase LTV, primary | Program |
|---|---|---|
| $300K–$1M | 90% | Portfolio program |
| $1M–$2M | 85% | Portfolio program |
| $2M–$3M | 80% | Portfolio program |
| $3M–$3.5M | 75% | Portfolio program |
| $4M–$5M | 65%, case by case | Bank program |
Cash-out sits lower than purchase in every band. The portfolio program caps cash-in-hand at $1,500,000 above 60% LTV. Second homes and investment property use their own ladders, which run 0 to 15 points under the primary figure depending on the band. Take each figure from the occupancy’s own ladder. Each figure is subject to lender guidelines and a complete review of property type, leverage, and credit.
At $4,000,000 and above, every file is reviewed case by case before submission. On a primary residence, the bank program’s own ladder runs 65% to $5,000,000, 60% to $10,000,000 and 55% to $30,000,000, always on review. Interest-only structures exist too, but they never raise a cash-out ceiling.
What About Investment Property?
Asset allowance is for owner-occupied homes. For a rental, DSCR is usually the more direct route. A DSCR file qualifies primarily on property-level rental income covering the payment, subject to lender guidelines, so your personal finances are not read at all.
DSCR loans are designed for non-owner-occupied investment properties. Because they are business-purpose investor loans, they are reviewed differently from a standard owner-occupied mortgage. The CFPB’s Regulation Z exempts business-purpose credit, which is why investor loans can run on cash flow. Occupancy and unit count still matter, so classification turns on how the loan is used, not on the property label.
Programs below 1.00 coverage are available through select lenders in the network, though leverage and terms adjust. Founders who want the full picture can read Lendmire’s complete DSCR loans guide.
On bank-statement investment-property files, the ladder is its own. On a purchase between $1,000,000 and $1,500,000, the best cell is typically 80%, with credit of 700 or higher. Above $4,000,000, every figure is reviewed case by case.
Key Terms Defined
Super jumbo: a lender-defined label for loans well above the conforming limit, with no legal cutoff.
Asset allowance: a method that divides eligible liquid assets by 36, 60 or 84 months to create notional income.
Assets-only: a method with no debt-to-income test, based on liquidity covering the loan, costs and a loss cushion.
Liquid assets: funds you can access without selling the property, such as cash and brokerage balances.
Reserves: liquid funds held after closing, typically 3, 6 or 9 months by loan size.
Expense ratio: the share of business deposits the lender removes before counting income on a bank-statement file.
Does “No Income” Mean No Documents?
No. For consumer-purpose home loans, lenders must base the decision on verified, documented information and reasonably reliable third-party records. Asset statements simply stand in for pay stubs and traditional personal-income documentation.
Expect to provide:
- Consecutive account statements for every asset you list.
- Proof the accounts are in your name or a revocable living trust.
- Two years of business statements, if you use that path.
- A property appraisal and title work.
- Credit authorization.
Avoid describing a DSCR loan as “no personal income documentation” without finishing the thought. On a DSCR file, qualification runs on the property’s income, and the file still has credit, appraisal and reserve checks.
Which Path Fits You?
The right path depends on where your money sits today.
| If you are… | Consider |
|---|---|
| Paid by your company, low taxable income | Bank statements |
| Post-exit with a large liquid portfolio | Asset allowance |
| Liquid and want no DTI test | Assets-only |
| Buying a rental | DSCR |
| Mostly illiquid equity | Wait, or restructure first |
If most of your wealth is private shares or unvested grants, none of these asset paths may work yet. Waiting for vesting or a liquidity event may beat forcing the file. Tax treatment varies; consult a qualified professional.
Frequently Asked Questions
Do I need traditional personal-income documentation for a super jumbo on assets?
Not on the asset paths. Asset allowance and assets-only rely on verified account statements instead of tax-return income. Bank-statement files read 12 or 24 months of deposits. A profit-and-loss method also exists. Programs differ, so a broker can compare which one fits your profile.
Can I use unvested stock or options?
No. Unvested stock does not count until it vests and sits in a liquid personal account. The same applies to business funds, gifts and cryptocurrency. Retirement accounts do count, at 70%, or 80% at age 59.5 and over.
Can company money count toward qualifying?
Not as personal liquidity. Business funds never count on the asset paths. The workaround is a bank-statement file, where transfers from your own business into a personal account count at 100%, with at least 25% ownership if business statements are used.
Is there a no-income super jumbo?
Not in the sense of no documents. Assets-only carries no debt-to-income test, but liquid assets must cover the loan, closing costs and sixty months of any net loss on other residential property. Every file is underwritten individually, and nothing here is a commitment to lend.
What if my income is negative on paper?
Asset-based and bank-statement paths were built for that profile. Write-offs and deferred gains depress taxable income, but they do not erase liquidity or deposits. Credit, housing history and reserves still have to pass, so check those before you apply.
If you are financing a high-balance property on your assets rather than income documents and want to see how the numbers work, Lendmire can help you compare super jumbo asset-qualification options based on your liquid assets, the property, credit profile, leverage, and your goals. The right first move for most founders is a clean inventory of what is liquid, vested and personally held.
For current guidelines and terms, see Lendmire’s super jumbo bank statement loan programs page.
Lendmire’s self-employed mortgages page presents both super jumbo programs, bank statement and DSCR, side by side.
About Lendmire
Lendmire (NMLS# 2371349) is a mortgage broker licensed for consumer lending in 16 states. Scotsman Guide named Lendmire a Top Mortgage Workplace in both 2025 and 2026.
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References
1. Orrick – FHFA announces conforming loan limit increases
2. CFPB – Regulation Z, exempt transactions
3. Federal Register – Ability-to-repay and qualified mortgage standards
This article is part of Lendmire’s super jumbo bank statement loan program — full qualification details, guidelines, and scenarios live on the program page.
Related reading: Is a Super Jumbo Bank Statement Loan Available in Florida? · Can a Founder Get a Super Jumbo Bank Statement Loan After a Company Sale? · How to Document a Super Jumbo Bank Statement Loan
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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- Lendmire LLC · Firm NMLS# 2371349 · Verify firm licensure
Required disclosures. Lendmire (NMLS# 2371349) operates as a licensed mortgage broker, not a direct lender or depository. The discussion in this article is general in nature and should not be relied upon as financial, legal, or tax advice — every investment scenario is unique and should be reviewed by a qualified professional. Any loan inquiry is subject to lender underwriting, and this article is not a commitment to lend or a guarantee of approval. Mortgage rates, loan terms, and program guidelines vary by borrower, property, and state, and may change without notice. Equal Housing Opportunity. Verify licensure at NMLS Consumer Access.