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Asset-Based Mortgages Explained (Fannie, Freddie, Non-QM)

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About Asset-Based Mortgages Explained (Fannie, Freddie, Non-QM)

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Same borrower. Same $500,000 IRA. Same house. One loan program counts that money as $1,111 per month in qualifying income. Another counts it as $5,000, nearly 5X more income from the exact same dollar. And most lenders never run the comparison. In this video, I break down five loan programs side by side — Fannie Mae, Freddie Mac, FHA, VA, and non-QM asset utilization — and show you why the loan program matters as much as the money. If you're retired, self-employed, sitting on retirement savings, or just sold a business, this is the math that decides whether you qualify. 👉 YOUR NEXT STEP: Sitting on retirement money, savings, or investments and not sure what you actually qualify for? Book a free 15-minute strategy call and I'll run the numbers across every program for your situation in OR, WA, or ID — real numbers, no pressure. 📅 Book your free strategy call: https://calendly.com/amb-matt/mortgage-consultation-via-zoom ⏱️ TIMESTAMPS: 0:00 - The 5X Income Gap (Same $500K, Different Programs) 0:51 - Who Asset-Based Income Is For 1:46 - Myth: "You Need a W-2 to Qualify" 2:09 - Fannie Mae's Formula (÷360 Months) 4:14 - Fannie's Math: Why You Only Get $1,111/Mo 4:30 - Freddie Mac's Formula (÷240 + More Liquid Assets) 5:42 - Why Freddie's Number Is 50% Higher 6:15 - The Truth About FHA & VA (No Asset Depletion Formula) 8:21 - Non-QM Asset Utilization (÷60 + Haircuts) 9:32 - Non-QM Math: How $500K Becomes $5,000/Mo 10:10 - Why the Divisor Changes Everything 11:01 - The Trade-Off: ~$90K in Extra Interest 12:04 - Who Wins With Asset-Based Income 12:50 - The Bottom Line: Get Your Real Number CONNECT: Website: https://www.nwmortgagebroker.com/ 👋 ABOUT ME I am Matt Jolivette, the President of Associated Mortgage Brokers, helping homeowners in Oregon, Washington, and Idaho navigate the real math of real estate. With over 26 years of experience as a mortgage broker, my goal is to give you data-driven advice without the sales pitch. ABOUT THIS CHANNEL: Mortgage and real estate, explained in plain English. Subscribe for real numbers on rates, loans, and the Pacific Northwest housing market. Matt Jolivette, CMC® | NMLS# 90661 | Associated Mortgage Brokers NMLS# 86136 | Equal Housing Lender. This video is educational and is not financial, tax, or legal advice. #AssetBasedMortgage #NonQM #RetireeMortgage #SelfEmployedMortgage #PortlandRealEstate #OregonMortgage #FannieMae #FreddieMac

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