Current asset-based guidelines, updated from one source.
Treat these as the program’s limits rather than an offer: the largest loan on each path, the credit floor, the maximum leverage, and the retirement-account credit on either side of the age line. The tables beneath the cards are the working rules a loan officer applies to the statements, and they change here when the sheets change.
Up to $4,000,000 on assets alone; $3,500,000 when assets become income
Up to $4,000,000 on assets alone, and up to $3,500,000 when assets are read as income: the two paths carry different ceilings because they prove ability to repay in different ways. A loan officer confirms which path the file fits before the amount is settled.
The asset qualifier path’s published floor; the depletion path follows the suite’s score and amount matrix
The asset qualifier path publishes a 600 decision-score floor. The asset depletion path follows the score and loan-amount matrix of the documentation suite it belongs to, where the floor rises with the leverage and the amount. The score is read from the credit report at application; it is never promised here.
That ceiling on a purchase and 75% on a refinance when assets cover the loan; 60% on a depletion cash-out
The leverage ceilings are 80% for a purchase and 75% for a refinance on the asset qualifier path, and 80% for a purchase or rate-and-term refinance and 60% for a cash-out on the asset depletion path, both on a principal residence or second home. The leverage table shows the investment-property row.
Credited under 59½, and at 59½ or older, when assets cover the loan; 70% at any age when assets become income
A 401(k) or IRA is credited at 90% of its balance for an owner under 59½ and 100% for an owner at 59½ or older on the asset qualifier path; the asset depletion path counts a flat 70% of the balance. Brokerage, savings, money market, and certificates of deposit count in full when the assets cover the loan.
| Account type | Credit toward the loan |
|---|---|
| Brokerage accounts (stocks, bonds, funds) | 100% of the balance |
| Certificates of deposit | 100% of the balance |
| Money market accounts | 100% of the balance |
| Savings and checking | 100% of the balance |
| Retirement accounts (401(k), IRA) — owner under 59½ | 90% of the balance |
| Retirement accounts (401(k), IRA) — owner 59½ or older | 100% of the balance |
| Account type | Share counted |
|---|---|
| Cash accounts | 100% of the balance |
| Certificates of deposit | 100% of the balance |
| Securities (stocks, bonds, funds) | 80% of the balance |
| Private stock | 75% of the balance |
| Retirement accounts (any age) | 70% of the balance |
| Real-estate equity | 60% of the balance |
| Path and occupancy | Purchase | Rate-and-term | Cash-out |
|---|---|---|---|
| Asset qualifier — primary residence or second home | 80% | 75% | set by the lender |
| Asset depletion — primary residence | 80% | 80% | 60% |
| Asset depletion — second home | 80% | 80% | 60% |
| Asset depletion — investment property | 65% | 65% | 60% |
Two paths behind these pages: on the asset qualifier path the usable assets must equal or exceed the whole loan and no employment or income is documented; on the asset depletion path the usable assets are divided across the published number of months (the table above) into a qualifying income that carries the housing payment and other debts through the debt-to-income test. Reserves are not required on the qualifier path at or below the refinance leverage; the depletion path asks for statements at least one hundred twenty days old plus a current one. Minimum assets on the depletion path: the lesser of one million dollars or one and a quarter times the loan, never below a quarter million liquid when assets are the only income. Lendmire is a broker, not the lender, and the lender is not named.
Current asset-based snapshot · updated October 21, 2026 · a Lendmire loan officer confirms the path, the asset credit, and the leverage for the file before an offer.
Not a commitment to lend, not an offer of credit, not a quote. The figures shown are current wholesale program parameters that change without notice and apply only after full underwriting of the borrower and the property; the lender is never named on this page and no rate, fee, or payment is quoted. Nothing here is legal, tax, or investment advice. Lendmire is a mortgage broker, not a lender, licensed to broker consumer mortgages in sixteen states. NMLS #2371349.
What an asset-based mortgage is — and how the two paths qualify a file.
The asset-based program is one program with two doors. Through the first, a Boynton Beach buyer walks in with statements that add up to the loan and leaves employment and income out of the file entirely. Through the second, a buyer whose balances do not cover the loan walks in with the same statements and the lender turns them into a monthly figure to test against the payment. The cards below describe each door and the rules at the threshold.
For the program overview, see Lendmire’s asset-based mortgage program, or the statewide guide at Asset-Based Mortgage in Florida; for the age rule on retirement withdrawals, see the IRS.
Two paths, one program
The asset qualifier path and the asset depletion path share a premise and differ in arithmetic. Both qualify a Boynton Beach buyer on eligible accounts rather than earnings. The first requires the usable assets to equal or exceed the entire loan and documents no employment or income; the second does not require the assets to cover the loan: it converts them into a monthly income and runs that income through the debt-to-income test with the new payment included.
The asset qualifier path
No employment and no income is documented on this path. That is not a loophole; it is the structure. The lender’s ability-to-repay review rests on the assets themselves, which is why they must cover the whole loan rather than a share of it. A Boynton Beach retiree whose statements add up to the loan amount is read on those statements, without a tax return, a pay stub, or a bank statement income calculation.
The asset depletion path
The path exists for the household whose assets are substantial but short of the loan. The minimum is a stated pool of qualified assets or a multiple of the loan balance, whichever is less, with a floor on liquid assets when the depletion income is the only income in the file. When the asset income merely supplements documented earnings, the minimum-assets rule is waived and the combined ratio may run to forty-five percent.
Seasoning, statements, and what counts
Seasoning means how long the money has been where the statements say it is. On the asset qualifier path, two months of statements for each qualifying account is the rule. On the asset depletion path the lender wants statements at least four months old plus the most recent one, with the sale of a business, an inheritance, or a legal settlement excused from the wait. A Boynton Beach buyer planning a purchase after a liquidity event plans the seasoning first.
The calculator runs a Boynton Beach balance sheet through both paths at once. It credits cash, brokerage, and retirement balances at their shares, flips the retirement credit when the owner is past the age line, measures the total against the loan, and divides the haircut total into a monthly income beside the estimated payment. The arithmetic is illustrative; the lender’s own calculation governs.
Boynton Beach’s market in figures — and how asset-based lending fits.
A Boynton Beach asset-based loan is sized to a price, and the price is set by the market these figures describe: the population, the median value, the owner share, and the owner-household count from the Census Bureau’s latest estimate. The snapshot above holds the program’s figures; this block holds the market’s.
Market context only. Read the value figure against the leverage ceiling: the asset qualifier path finances a share of the price and the assets must cover the loan, so a higher median moves the asset threshold up with it. The ownership figures describe the market an appraiser values the home within.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Boynton Beach neighborhoods, distinct asset files.
The Boynton Beach market breaks into submarkets, and an asset-based mortgage reads differently in each: a condominium near the center, a second home on the water, an estate on acreage, a rental on the far side of town. The cards describe the typical file in each and what the path choice turns on there.
Lakefront and view properties
A Boynton Beach waterfront home bought on assets is a second-home or principal-residence file like any other on the account side. The appraisal and the insurance are the property’s questions; the loan officer orders both early so the leverage and the payment are known before the file is placed. Boynton Beach is home to about 81K people.
Newer executive subdivisions
A Boynton Beach subdivision home bought on assets is read plainly: the comparable sales support the price, the statements are counted, the age rule is applied to retirement accounts, and the path is named. The calculator on this page is seeded to a price typical of such a subdivision. Median household income in Boynton Beach sits near $70,074 on the latest Census estimate.
The retiree buying on a portfolio
A Boynton Beach retiree buying on assets rarely tests the program’s ceilings. The questions are the account rules: the retirement credit by age, which balances count, and whether the proceeds of a prior home sale have seasoned. A loan officer reads the statements and names the path. About 35% of Boynton Beach’s households rent — roughly 11,617 renter households on the latest Census estimate.
Historic and estate homes
Boynton Beach’s historic and estate homes are valued on few comparable sales, and the leverage is applied to the appraised value. A buyer covering the loan on assets plans a margin above the loan so a value that lands under the contract does not push the file onto the depletion path. The median owner-occupied home value in Boynton Beach runs near $351,100 on the latest Census estimate.
Rural acreage and farmettes
A farmette near Boynton Beach bought on assets is read in two halves: the accounts, which follow the program’s rules, and the property, which follows the lender’s. Agricultural zoning or use can take a property out of the program regardless of the balance sheet. On a home in Boynton Beach priced at or above the median, the asset qualifier path finances up to 80% of the price on a purchase — the balance of the price is the down payment, and the usable assets must cover the loan itself.
Second homes in the area
A second home near Boynton Beach bought by a household from elsewhere is a second-home file on either path at the second-home leverage. The occupancy is confirmed with intent and use, and the assets are read exactly as for a principal residence. Roughly 21,265 Boynton Beach households own their homes on the latest Census estimate — 65% of all households, the pool an asset-based purchase joins.
Submarkets change the appraisal and the price. They do not change the credit percentages, the haircuts, the divisor, the leverage ceilings, or the seasoning. A Boynton Beach file is qualified on those rules wherever the home is.
Four ways Boynton Beach buyers put their assets to work.
The asset-based mortgage does one thing the income programs cannot: it lends to a household whose statements, not its earnings, show the means to repay. Four common Boynton Beach uses follow, each read against the path that usually carries it.
Buy after a liquidity event, before the next venture
After a sale, the question is documentation rather than qualification. The Boynton Beach loan officer traces the proceeds with the sale paperwork, confirms the accounts they landed in, counts the statements, and chooses the path the total supports. Cash-out proceeds from a refinance never count as assets on either path.
Finance a second home or a rental on assets
For a rental, the asset depletion path is the only path open, at the investment-property leverage, with cash-out at the depletion path’s cash-out ceiling. For a second home, both paths are open. A Boynton Beach loan officer sorts the occupancy first, because it decides the path before the balances are even read.
Refinance a home the assets already stand behind
The refinance is the retiree’s use: the income that qualified the original loan has stopped, the portfolio has not, and the asset qualifier path reads the portfolio. A Boynton Beach file needs usable assets equal to the new loan, a loan inside the refinance leverage, and two months of statements per account.
Turn a portfolio into qualifying income
A Boynton Beach buyer whose assets are substantial but short of the loan uses the asset depletion path: the eligible accounts are haircut by type, added up, and divided by the divisor into a monthly income that carries the new payment through the debt-to-income test. The minimum-assets rule applies when that income stands alone, and is waived when it supplements documented earnings.
Measure a Boynton Beach loan against the assets before requesting a review.
This is an asset coverage estimate, not an approval: it credits each account type the way the program does, switches the retirement credit at the age line, measures the total against the loan, applies the depletion haircuts and the divisor, and estimates the payment at the Freddie Mac benchmark. A Boynton Beach loan officer runs the lender’s own version before anything is written.
Boynton Beach asset coverage estimate
The starting figures are a Boynton Beach price in the upper part of the market with a loan at seventy percent of it and a balance sheet that covers the loan at the under-59½ retirement credit. Every field is editable, and the benchmark updates weekly from the Freddie Mac series.
Editable benchmark: 7.40% as of October 15, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an asset-based mortgage quote.
Illustrative starting assumptions: a $500,000 price above the Boynton Beach median, a loan at seventy percent of the price, a balance sheet split among cash, brokerage, and retirement accounts with the owner under 59½, a thirty-year payment at the current Freddie Mac conforming benchmark, property taxes and insurance estimated for Florida (U.S. Census Bureau). Every field is editable.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The credit percentages, the haircuts, and the divisor are wholesale program parameters hydrated from Lendmire’s guideline endpoint; the lender’s own calculation governs, and which accounts count, how they season, and what the age rule allows are settled in underwriting. The rate field carries the weekly Freddie Mac thirty-year conforming benchmark, a market reference and not an asset-based mortgage quote; the terms on an asset-based mortgage are set by the lender at lock. Taxes and insurance are estimates. Nothing here is tax or investment advice.
Same buyer, three ways to document the file.
A Boynton Beach buyer who cannot document income the conventional way has three documentation routes in this program family, and the routes are not interchangeable: assets that cover the loan, assets converted into income, or business deposits read as income. The cards below put the three side by side on the questions that separate them.
Assets that cover the loan, assets as income, or deposits as income.
Usable assets equal to the whole loan, no employment or income documented, principal residences and second homes, purchase and refinance at the path’s leverage, two months of statements, reserves not required at or below the refinance leverage. The path with the fewest questions, and the one that asks the assets to cover the whole loan.
Haircut assets divided by the divisor into a monthly income, then the debt-to-income test with the new payment. Principal residences, second homes, and investment property; purchase, rate-and-term, and cash-out at published ceilings; a minimum-assets rule when the income stands alone; longer seasoning.
A different question entirely: not what the household owns but what the business brings in. The bank statement loan suits the Boynton Beach owner with strong deposits and modest savings, where the asset-based paths suit the household with strong savings and modest deposits. See Lendmire’s bank statement loan program.
Assets that cover the loan, assets that become income, deposits that become income: three answers to one question, and the right one for a Boynton Beach household is read off its statements. The comparison on this page is run for real on every file before the lender’s terms are put in writing. Loans above the conforming limit on documented income: Lendmire’s jumbo loan program.
What to prepare for a Boynton Beach scenario review.
Preparation for a Boynton Beach asset-based review is mostly gathering: the statements for each account, the age of the owner of each retirement account, the credit report, and, on the depletion path, any income the asset income will supplement. The items below are the ones a loan officer asks for first.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the transaction, the property, the path, the accounts, and the credit picture. Nothing here is legal, tax, or investment advice.
Local details that can change the loan.
Here are five details, chosen for the Boynton Beach file, that most often reshape an asset-based loan. The first two apply to nearly every file; the rest depend on the accounts, the occupancy, and the purpose.
Use these checks to keep the Boynton Beach file clean and fundable.
Settle the age rule, the seasoning, and the eligible accounts first. Everything else in a Boynton Beach file, the path, the leverage, the loan amount, is arithmetic once those three are known.
- Confirm the age rule: the depletion path haircuts retirement balances at a flat share regardless of age.
- Count the months: two months of statements per account cover the loan on the asset qualifier path.
- Sort the accounts: brokerage, bank, money market, certificates of deposit, and retirement accounts are eligible.
Retirement accounts and the age line
Retirement balances are the most age-sensitive figure in the program. On the asset qualifier path they are credited by the owner’s age; on the asset depletion path they are haircut at a flat share whatever the age. A Boynton Beach household with a large retirement account and a modest brokerage account is read carefully on both, because the usable totals can land on opposite sides of the loan.
Seasoning by path
Seasoning differs by path. Covering the loan with assets needs two months of statements for each qualifying account. Depleting the assets into income needs a statement at least four months old plus a current one, with sale-of-business, inheritance, and legal-settlement funds excused. A Boynton Beach buyer timing a purchase after a liquidity event counts the months before the offer.
Which accounts count
Most of the eligible list is shared by both paths, with real-estate equity and private stock counting on the depletion path only; the share counted is what differs. A Boynton Beach household whose wealth sits in a private company, in options, or in an account held abroad may find the usable total smaller than the net worth suggests, and the sorting is done before the path is chosen so the result is not a surprise.
The minimum-assets rule on the depletion path
The minimum is measured on qualified assets after the haircuts, so a Boynton Beach balance sheet heavy in securities or retirement money counts for less than its face value and can fall short of the minimum. The loan officer checks the minimum first and the ratio second. A file that misses the minimum is often rewritten as a supplemented file when any documented income exists.
Large and recent deposits
A large recent deposit is read, not ignored. A transfer between the borrower’s own accounts is documented as a transfer; proceeds of a sale are documented with the closing or the purchase agreement; a gift is documented as a gift. A Boynton Beach file with a deposit that cannot be explained is a file with a smaller usable total, because the lender sets the deposit aside.
From a Boynton Beach asset review to keys in hand.
From the first conversation to the keys, a Boynton Beach asset-based file passes four stages. The first is the one that differs from an income loan: the statements are read, the accounts are sorted, the usable total is calculated on both paths, and the path is chosen before anything else happens.
Asset review
A Boynton Beach asset review is a sizing exercise with the account rules open: the balances by type, the share credited on each path, the total against the loan, the income against the payment. The loan officer writes the outcome down for the offer. Nothing is assumed; every account is read from its statement.
Contract and appraisal
The contract sets the price the loan is measured against; the appraisal confirms the value supports it. On a Boynton Beach file where the assets just cover the loan, an appraisal that lands under the price is answered with a larger down payment, which lowers the loan the assets must cover.
Underwriting
Conditions, when they come, are usually documentary: a missing statement page, a deposit without its source, an account that needs its holdings shown. A Boynton Beach buyer who gathered the list on this page meets most of them before they are asked. The underwriter’s questions are the loan officer’s questions asked a second time, on the same statements.
Closing
Closing on an asset-based loan looks like any other closing from the outside. From the inside, the difference is what did not happen along the way: no employment call, no tax transcript, no income calculation on the asset qualifier path. A Boynton Beach loan officer attends to the funds to close so the usable total is intact.
A brokerage that reads both paths.
The program behind these pages is placed with select lenders in Lendmire’s wholesale network, and Lendmire is never the lender. What the brokerage adds is the comparison: the asset qualifier path against the depletion path against a bank statement loan on the same Boynton Beach statements, and written terms for the one that fits.
Both paths, one set of statements
Before any recommendation, the Boynton Beach statements are run through the asset qualifier path and the asset depletion path on the lender’s own rules: the credit shares and the age line on one side, the haircuts and the divisor on the other. The buyer sees the usable total against the loan and the derived income against the payment, and the path is chosen on the result.
The account rules explained before the offer
The age rule, the seasoning, and the eligible-account list are the three places an asset-based file surprises people. Lendmire walks a Boynton Beach buyer through all three at the review, with the statements open, so the file that goes to underwriting is the file the buyer expected. The margin above the threshold is written down too.
Licensed, consumer-purpose, in writing
Asset-based mortgages on a principal residence or a second home are consumer loans, placed under Lendmire’s consumer licensing in sixteen states with the disclosures that attach to any consumer mortgage. A Boynton Beach buyer gets the terms in writing from a licensed loan officer, and nothing on this page is an offer or a quote.
Trusted by buyers & families alike.
Boynton Beach asset-based mortgage FAQs
Plain answers to the questions Boynton Beach buyers ask most about asset-based mortgages, in the order they usually come up: what the program is, how each path works, how retirement accounts are counted, and what the credit and leverage rules are.
What is an asset-based mortgage?
Asset-based means the ability to repay is shown through accounts. The program behind these pages reaches principal residences and second homes on the path that documents no income, adds investment property on the path that converts assets into income, and is placed with select lenders in Lendmire’s network.
How does the asset qualifier path work?
The path has three tests: the usable assets must cover the loan, the loan must sit inside the leverage for the purpose, and the credit score must be at or above the published floor. Reserves are not required at or below the refinance leverage. Income is never asked for.
How does the asset depletion path work?
Picture the balance sheet spread evenly across a span of months: that monthly slice is the income the lender uses. For a Boynton Beach household, the question is whether that slice, added to any documented income, carries the housing payment and the other debts within the ratio. The calculator on this page shows the slice beside the payment.
How are 401(k) and IRA balances counted, and why does 59½ matter?
A 401(k), a traditional or Roth IRA, and similar employer plans are read the same way: by the owner’s age on the asset qualifier path and at a flat haircut on the depletion path. Vested balances count; stock options and unvested restricted stock do not. A Boynton Beach loan officer confirms each account’s treatment at the review.
What credit score does an asset-based mortgage need?
Assets do not replace credit. A Boynton Beach borrower needs the score at or above the floor for the path; the depletion path also reads the housing history, tolerates one late housing payment in the past year at a cost, and does not accept repeated bankruptcies. The score is read from the report at application.
Which accounts count, and which do not?
Most of the eligible list is shared by both paths, with real-estate equity and private stock counting on the depletion path only; the share counted differs. A Boynton Beach household whose wealth is concentrated in a private company, in options, or abroad may find the usable total smaller than its net worth, and a loan officer sorts the statements into eligible and ineligible before the path is chosen.
I just sold my business. Can I buy on the proceeds?
A liquidity event produces exactly the balance sheet the program expects: assets well above the loan and earnings that have paused. A Boynton Beach seller covers the loan on the asset qualifier path when the proceeds reach it, or converts smaller proceeds into income on the depletion path with the seasoning excused.
How is this different from a bank statement loan?
Deposits versus balances. The bank statement program applies an expense factor to a run of business deposits and calls the result income. The asset-based program credits or haircuts the balances and either covers the loan or divides them into income. A retiree with no deposits has nothing for the first and everything for the second.
How much can I borrow against the price or the value?
On the asset qualifier path a purchase reaches the purchase share of the price shown in the snapshot and a refinance the lower refinance share of the value; on the asset depletion path a purchase or rate-and-term refinance reaches the same share and a cash-out stops lower. Whether cash-out is offered on the asset qualifier path, and at what leverage, is set by the lender and not published, so a Boynton Beach loan officer confirms the treatment before a refinance is structured.
Can I take cash out?
The depletion path has a cash-out row in the leverage table, lower than the purchase and rate-and-term rows. The asset qualifier path publishes a refinance ceiling without a separate cash-out figure, so the lender’s rule governs. Either way the proceeds are not counted toward the usable total.
Cover the loan or convert the assets in Boynton Beach: compared on your statements.
An asset-based review is the first step, and it asks only for the statements. The statements are read against both paths and a bank statement loan, and the recommendation follows the numbers.
This guide covers Boynton Beach — for the statewide guidelines, markets, and scenarios, see Asset-Based Mortgage in Florida, part of Lendmire’s asset-based mortgage program.
Nearby markets in Florida: Delray Beach · Boca Raton · Wellington · Deerfield Beach · West Palm Beach · Coconut Creek · Pompano Beach · Coral Springs
Related programs: Bank Statement Loans · Jumbo Loans · Super Jumbo Bank Statement Loans