Asset Qualifier Jumbo (ATR In Full)
When you'd rather not document income at all. Asset Qualifier — sometimes called ATR In Full — uses your liquid assets to satisfy the lender's ability-to-repay requirement directly. No bank statements, no P&L, no tax return.
Quick answer
- Income source: none. This program skips income qualification entirely.
- Documentation: liquid asset statements showing enough assets to cover the loan amount + closing + reserves.
- Best for: recently sold a business, between ventures, retired and asset-rich, or simply private about income.
- Loan amount: up to $3M+.
- Max LTV: 80% on standard, sometimes 85%; lower on super jumbo.
- Min FICO: 700.
- Down payment: typically 25–30% (program covers more risk by skipping income).
What "ATR In Full" means in jumbo
Federal mortgage rules require lenders to confirm a borrower's Ability To Repay (ATR). Normally that's via income docs. With Asset Qualifier, ATR is satisfied in full by documenting that the borrower has enough liquid assets to repay the loan — no income calculation needed.
How much in assets you actually need
| Component | Typical requirement |
|---|---|
| Loan amount | Must be covered in full by eligible liquid assets |
| + Down payment | Standard, in addition |
| + Closing costs | Standard, in addition |
| + Reserves | Often 12–18 months PITIA on top for jumbo amounts |
Worked example
Borrower wants a $2M jumbo loan on a $3M Sedona estate. Asset Qualifier requirement:
- $2M loan amount → $2M in eligible assets.
- $1M down + $40K closing + 12 months PITIA reserves (~$160K) = $1.2M additional.
- Total liquid asset requirement: ~$3.2M.
Asset Qualifier vs. Asset Utilization
| Asset Utilization | Asset Qualifier (ATR In Full) | |
|---|---|---|
| Income calculation | Yes — assets become income | No income calculation |
| Down payment | 15–25% | 25–30% |
| Asset requirement | Lower | Higher (must cover loan + costs + reserves) |
| Max LTV | 80–85% | 70–75% |
| Best for | HNW with low income | Privacy / between-businesses / fully retired |
FAQ
Will the assets be liquidated at closing?
No. Assets stay invested. Documentation is for ATR purposes only.
Can I qualify on retirement assets alone?
Often yes, with haircuts. Pre-59½ retirement is discounted more heavily. Vested-only balances count.
How long do assets need to be in my name?
Most investors require 60+ days of seasoning. Recently liquidated or recently inherited funds need a paper trail.
Can I use a co-borrower's assets?
Yes — co-borrower assets count toward qualifying.
Does this work for a second home in Sedona?
Yes — Asset Qualifier is widely available for primary and second homes in Arizona, with adjusted LTV for second-home occupancy.
Curious if Asset Qualifier Jumbo (ATR In Full) is the right fit?
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