Loan Options

GMM Asset Advantage Mortgages

Qualifying for a Mortgage with Assets¹

GMM now offers loan products that allows you to use financial assets in place of, or in addition to, your income or employment to qualify for a home purchase or no-cash out refinance. You do not have to cash out your assets. The assets are used to demonstrate an ability to make the mortgage payments.

Consider this if you are:

Self-employed but show minimal income
Retired (or almost retired)
Relatively minimal income, or none at all
No verifiable employment

Eligible assets for qualifying:

Checking or savings accounts
Money market accounts
Certificates of Deposit (CD)
Investment accounts such as stocks, bonds, and mutual funds
Retirement accounts such as a 401k or IRA*

*70% of retirement assets are permissible, divided by 240 months. Not all retirement accounts may qualify, depending on the mortgage borrower’s age and potential penalties applied for accessing funds in the account. Current asset statements are required to verify all assets used for asset depletion. This is only applicable to United Bank portfolio programs with the exception of the Doctors and Construction-to-Permanent programs. 1. Restrictions apply on the type and amount of assets that are allowed to be considered based on program requirements. Current asset statements are required to verify all assets used for GMM Asset Advantage.