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Jumbo and asset-depletion mortgages

An automated pre-approval hits the conforming ceiling and tells you to bring more cash to the table. Income-only underwriting never asks about the balance sheet, so the assets sitting right there never get counted.

Two things in one lane: loans above the conforming limit, and loans that qualify on liquid assets instead of tax-return income. For buyers whose purchase price or balance sheet outruns a standard conforming file.

Who a jumbo or asset-depletion loan is for

Move-up buyer in a high-cost pocket

Good credit and solid income, bidding above the conforming limit for the county.

Asset-rich investor, income-light on paper

Depreciation and write-offs suppress taxable income, but the brokerage and retirement balances are real.

Retiree on a portfolio, not a paycheck

Substantial accounts, little ongoing W-2 or 1099 income, and no pay stubs to hand anyone.

Self-employed jumbo buyer

Strong cash flow and a healthy business, with a return that reads small after deductions.

New-to-practice physician or attorney

Strong future income, thin savings, often heavy student debt, and a closing date tied to a start date.

How a jumbo or asset-depletion loan works

Send the purchase price, the market, and a picture of the income or assets you would want considered.
Above the conforming limit the file moves to a jumbo investor with its own guidelines, not automatically worse ones.
On an asset-depletion file, qualifying is calculated on documented liquid assets. Qualifying on a balance is not the same as withdrawing from it.
You document only what is actually used to qualify.

Questions about a jumbo or asset-depletion loan

My bank’s app said I don’t qualify for that much.

That’s usually an automated conforming calculator hitting its limit, not a real underwriting answer. I’d run the full picture, including the jumbo lane, before you treat that number as final.

I don’t want to touch my retirement accounts.

Qualifying on the balance is not the same as withdrawing from it. Nothing is liquidated to make the file work. I can show you how the arithmetic runs, and it varies by lender and program.

My CPA said my income is too low to qualify.

That’s true for a standard doc type. Alternative-documentation jumbo options read your cash flow differently. Worth checking eligibility before assuming you’re out.

I don’t have two years of tax returns at this income level yet.

That’s exactly what professional and physician-focused jumbo programs are built to handle. Eligibility varies by lender and specialty.

I don’t want to disclose all my accounts.

You’d only need statements for whatever we’d actually use to qualify, not your whole financial life. Happy to walk through what’s needed before you share anything.

Next step

Send this scenario

Tell me the property and the plan and I’ll come back with what’s eligible. Eligibility and terms vary by scenario.

Let’s find your path

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