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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