Current asset-based guidelines, updated from one source.
One guideline source feeds every number here, and the page updates when the source does. The four cards carry the headline figures; the tables underneath show how each account type is credited on the asset qualifier path, how each is haircut on the asset depletion path, and what leverage each path and occupancy allows. The wholesale lender is not named.
Up to $4,000,000 on assets alone; $3,500,000 when assets become income
Loan size follows the path. Covering the loan outright with usable assets reaches $4,000,000; spreading a pool of assets into a monthly income reaches $3,500,000 and starts at $125,000. The amount on either path is a program parameter, subject to the lender’s guidelines at lock.
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
Leverage tops out at 80% on a purchase whichever path carries the file. The paths part on the refinance: 75% when the assets cover the loan, and on the depletion side 80% for a rate-and-term and 60% for a cash-out. Investment property, available on the depletion path only, is capped lower.
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.
This page describes program parameters, not an offer. The amounts, the credit floor, the leverage, the credit shares, the haircuts, and the seasoning are wholesale guidelines, subject to change without notice and to full underwriting; the statements, the credit report, and the appraisal decide every file. The calculator is illustrative and the lender’s own calculation governs. Lendmire is a mortgage broker, not a lender, licensed for consumer mortgages in sixteen states. NMLS #2371349.
What an asset-based mortgage is — and how the two paths qualify a file.
There are two questions a lender can ask of a balance sheet. Is there enough here to cover the whole loan? Or, spread across a fixed number of months, is there enough here to look like the income the loan needs? The asset qualifier path asks the first and the asset depletion path the second, and a Pembroke Pines buyer is qualified on one of them, not both at once.
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 Pembroke Pines 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
Two months of statements for each qualifying account document the path, and the balances are read as they stand after the credit percentages. The credit floor is published; the leverage is published; the largest loan is published. What the lender settles file by file is which accounts are eligible and how the age rule applies to each retirement account, and a Pembroke Pines loan officer settles that before an offer is written.
The asset depletion path
Occupancy widens on this path: principal residences and second homes at the published purchase and rate-and-term leverage, investment property at a lower ceiling, and cash-out refinances at their own ceiling on every occupancy. Cash-out proceeds never count as assets. A Pembroke Pines buyer financing a rental on assets is on this path, and a first-time investor needs a stronger score than an owner-occupant.
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 Pembroke Pines buyer planning a purchase after a liquidity event plans the seasoning first.
Enter the Pembroke Pines price and the loan wanted, then the balances. The first result is the asset qualifier verdict: the usable assets cover the loan or fall short by a stated margin. The second set of results is the asset depletion reading: the haircut assets, the monthly income they produce, and the housing payment at the benchmark against that income.
Pembroke Pines’ market in figures — and how asset-based lending fits.
The local median home value is the floor of the conversation for a buyer who qualifies on assets, not the ceiling: the program’s loan amounts run well past it. The Census figures below give Pembroke Pines’ population, typical home value, and ownership, the ground an asset-based file sits above.
Citywide figures provide general market context, not an appraisal or an income calculation. 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 Pembroke Pines neighborhoods, distinct asset files.
A loan officer sees Pembroke Pines as a set of distinct files, not one market. Below are the submarkets where asset-based loans are written most often, with the path, the occupancy, and the appraisal question each one usually raises.
Second homes and pied-à-terre purchases
A Pembroke Pines pied-à-terre bought by a household whose principal residence is elsewhere is a second-home file at the second-home leverage on either path. The asset qualifier path covers the loan with the statements; the depletion path converts them. Neither asks about the income that supports the other home. Roughly 45,156 Pembroke Pines households own their homes on the latest Census estimate — 70% of all households, the pool an asset-based purchase joins.
Estate properties
Pembroke Pines’ estate properties are where the program’s largest loans are written, and where the asset qualifier path is most often the fit: a balance sheet that covers a loan at the top of the program with no income in the file. The appraisal on an estate is usually the slowest and hardest part of the file; the assets are usually the easy part. Pembroke Pines is home to about 173K people.
Close-in architect-designed homes
The architect-designed homes on Pembroke Pines’ close-in streets are hard to value, and on an asset-based file the appraisal decides the leverage: the loan is measured against the lower of price and value. A buyer covering the loan on assets answers a low appraisal with a larger down payment, which lowers the loan the assets must cover. On a home in Pembroke Pines 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.
Two-to-four-unit homes
A Pembroke Pines two-to-four-unit home bought to live in one unit is an owner-occupied file and can sit on either path where the lender’s property rules allow; bought as a rental it is an investment occupancy on the depletion path at the investment ceiling. The occupancy is settled first because it decides which path and which leverage apply. Median household income in Pembroke Pines sits near $85,104 on the latest Census estimate.
Newer luxury infill and new construction
A newer Pembroke Pines home at the top of the market rarely draws condition notes; the question is whether the balance sheet covers a loan that size or converts into an income that carries it. The loan officer reads the statements against the program ceiling before the contract. The median owner-occupied home value in Pembroke Pines runs near $439,500 on the latest Census estimate.
High-rise and luxury condominiums
A Pembroke Pines condominium bought on assets is an asset-based file with the building added. Established projects usually pass review; the account rules are the same as for a house, and the asset qualifier path keeps income out of the file when the usable total covers the loan. Two months of statements season the proceeds. About 30% of Pembroke Pines’ households rent — roughly 19,719 renter households on the latest Census estimate.
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 Pembroke Pines file is qualified on those rules wherever the home is.
Four ways Pembroke Pines buyers put their assets to work.
Four ways Pembroke Pines buyers put the program to work, from a principal residence bought on assets alone to a rental financed on depletion income. Each use names the path and the detail that most often decides the file.
Buy after a liquidity event, before the next venture
The seller of a Pembroke Pines business, the founder after an exit, the household after an inheritance: the money is new, large, and often unaccompanied by income. The asset qualifier path reads it once the two months of statements exist; the depletion path excuses the usual seasoning for sale-of-business, inheritance, and legal-settlement funds.
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 Pembroke Pines 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
A Pembroke Pines owner with a mortgage written on income that no longer exists on paper refinances on the asset qualifier path when the usable assets cover the new loan. The refinance leverage sits below the purchase leverage; whether cash can be taken out on this path, and at what leverage, is set by the lender and is not published.
Keep the investments invested
For a Pembroke Pines buyer weighing a cash purchase against a mortgage, the asset-based program offers the mortgage without the income file. The assets are counted on paper, the home is financed, and the portfolio stays invested. A loan officer shows the two paths on the actual balances before the offer is written.
Measure a Pembroke Pines loan against the assets before requesting a review.
Enter a Pembroke Pines price, the loan wanted, and the balances by account type, then choose whether the owner of the retirement accounts is past the age line, and the calculator shows whether the usable assets cover the loan on the asset qualifier path, the largest loan they would cover inside the leverage ceiling, and the monthly income the same accounts would produce on the asset depletion path beside a thirty-year payment at the benchmark.
Pembroke Pines asset coverage estimate
The calculator is seeded with a Pembroke Pines price above the median, a loan inside the purchase leverage, and accounts split three ways. Edit the price, the loan, the balances, the age switch, the benchmark, or the carrying costs, and both paths recompute.
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 $625,000 price above the Pembroke Pines 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 Pembroke Pines 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.
Business or personal deposits over a run of statements, read as income with an expense factor, for the self-employed owner whose tax returns understate the business. Balances are not the point; cash flow is. Leverage and reserves follow that program’s own matrix. 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 Pembroke Pines 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 Pembroke Pines scenario review.
An asset-based file is documented through statements rather than pay stubs, so the preparation is account-centered: every eligible account, every page of every statement for the required months, and the paperwork behind any large or recent deposit. The list below is the usual Pembroke Pines set.
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 Pembroke Pines 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 Pembroke Pines file clean and fundable.
Before the statements go in: confirm the retirement credit by age, confirm the seasoning by path, and confirm which accounts the lender counts. A Pembroke Pines file that clears those three rarely surprises anyone in underwriting.
- Confirm the age rule: each retirement account is credited by its owner’s age on the asset qualifier path.
- Count the months: two months of statements per account cover the loan on the asset qualifier path.
- Sort the accounts: real-estate equity and private stock count on the depletion path only.
Retirement accounts and the age line
The age line is applied per owner and per account. A Pembroke Pines couple where one spouse is past 59½ and the other is not sees each account credited by its own owner’s age, and the sum is what counts against the loan. The accounts stay where they are; the age rule governs the credit, not the custody. The birthday is checked against the date of the application.
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 Pembroke Pines 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 Pembroke Pines 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.
Occupancy decides the path
A second home on assets is common and straightforward on both paths; a rental on assets is a depletion file by definition. The Pembroke Pines loan officer confirms the occupancy with the borrower’s intent and the property’s use, and the lender holds the file to it. A rental’s own appraisal and lease are read beside the statements.
Credit and housing history
Score and credit history decide whether a path is open, and the assets decide what is behind it. For a Pembroke Pines buyer, that order matters: the credit question is answered before the statements are counted, and a weak score is not repaired by a strong portfolio. The report is pulled once and read against the path chosen.
From a Pembroke Pines asset review to keys in hand.
An asset-based purchase runs in a fixed order: a review of the statements that settles the path and the leverage, a contract and an appraisal, underwriting of the accounts and the credit, and closing. The steps below describe each for a Pembroke Pines file.
Asset review
A Pembroke Pines 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
With the path settled, the Pembroke Pines offer is written to the leverage the path allows, and the appraisal is ordered once the contract is signed. The appraised value, not the price, sets the leverage on a refinance, and the lower of the two on a purchase.
Underwriting
Underwriting on an asset-based file is about the accounts: every page of every statement, every large deposit explained, every retirement owner’s age confirmed, the seasoning counted. On the depletion path the ratio is calculated with the new payment; on the asset qualifier path the total is confirmed against the loan.
Closing
The final figures arrive in the closing disclosure, the funds to close are wired from a documented account, and the Pembroke Pines home records in the buyer’s name. Nothing about the portfolio changes unless the buyer chose to draw the down payment from it.
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 Pembroke Pines statements, and written terms for the one that fits.
Both paths, one set of statements
A Pembroke Pines file is never assumed onto a path. The balances are read both ways, and when the depletion income would supplement documented earnings that version is run as well. The recommendation is the version with the cleanest file and the leverage that fits the purpose. The loan officer shows the arithmetic, not just the answer.
The account rules explained before the offer
Reading the statements early is the whole method. A Pembroke Pines loan officer sorts the accounts, confirms the owners’ ages against the age line, counts the months, and names the usable total on each path, in writing, before an offer is drafted. The aim is a file with as little as possible left to be discovered in underwriting.
Licensed, consumer-purpose, in writing
Lendmire is a mortgage broker, not a lender, and the lender behind these pages is never named. The program parameters shown are wholesale guidelines, subject to change and to full underwriting; the Pembroke Pines loan officer’s written terms are what the buyer relies on.
Trusted by buyers & families alike.
Pembroke Pines asset-based mortgage FAQs
Plain answers to the questions Pembroke Pines 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?
An asset-based mortgage is a consumer home loan qualified on what the borrower owns rather than what the borrower earns. The lender counts eligible accounts, credits each at a share, and either requires the total to cover the whole loan or converts it into a monthly income. In Pembroke Pines it is the loan for retirees, sellers of businesses, and households living on a portfolio.
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?
It converts assets into income. Cash and certificates of deposit count in full, securities at a lower share, retirement accounts lower still regardless of age, and real-estate equity lowest; the haircut total is divided by the divisor and treated as monthly income. The path reaches principal residences, second homes, and investment property.
How are 401(k) and IRA balances counted, and why does 59½ matter?
Retirement money counts on both paths, and it counts most generously on the asset qualifier path for an owner past the age line. For a Pembroke Pines file built mostly on retirement balances, the owner’s birthday can decide whether the assets cover the loan, and a loan officer checks the date first.
What credit score does an asset-based mortgage need?
Assets do not replace credit. A Pembroke Pines 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.
Can I buy a second home or a rental on assets?
Second homes are a natural asset-based file in Pembroke Pines: the household has a principal residence elsewhere and a portfolio, and the second home is financed on the statements. Rentals are depletion files by definition, underwritten as investment occupancies on the program’s investor rules.
How much can I borrow against the price or the value?
On the asset qualifier path a purchase reaches a share of the price and a refinance a lower share of the value, both shown in the snapshot. On the asset depletion path a purchase or rate-and-term refinance on a principal residence or second home reaches the same purchase share, a cash-out stops lower, and investment property, on the depletion path only, has its own lower purchase ceiling and the same cash-out ceiling.
How large can the loan be?
On the asset qualifier path the loan is bounded twice: by the program ceiling and by the usable assets, whichever is lower. On the depletion path it is bounded by the ceiling and by the ratio the derived income supports. The calculator on this page shows both bounds on a Pembroke Pines balance sheet.
Are reserves required?
The program is light on reserves because the qualifying assets are the reserves. The practical question for a Pembroke Pines buyer is whether the down payment and closing costs are drawn from the same accounts that cover the loan, since the lender reads the balances after those draws.
How long do the assets need to be in the accounts?
Two months on one path, a statement at least four months old plus a current one on the other. Transfers between the borrower’s own accounts are traced rather than treated as new money; large deposits are documented with their source. A Pembroke Pines file with a clean trail seasons without friction.
Cover the loan or convert the assets in Pembroke Pines: compared on your statements.
Tell us the price, the loan wanted, and the accounts, and we will show the usable total on each path, the margin above the loan, and the depletion income beside the payment, in writing.
This guide covers Pembroke Pines — 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: Miramar · Davie · Weston · Miami Gardens · Plantation · Hialeah · Hollywood · Sunrise
Related programs: Bank Statement Loans · Jumbo Loans · Super Jumbo Bank Statement Loans