How the reading works
The method
The AR Loan reads a statement of assets as income for qualifying. In the words of its guide: we take the eligible balance on a recent statement, after your down payment, closing costs and reserves, and divide by 84. The result is treated as a monthly income for qualifying. Nothing has to be sold to qualify, and nothing moves into our custody: the assets stay exactly where your advisors put them.
The arithmetic, in words
Put simply, every 84 dollars of eligible assets reads as one dollar of monthly income for qualifying. A larger statement reads as a larger income, in a straight line. The calculator shows the division openly, so you can follow every step from the balances you type to the figure at the foot of the statement.
Which accounts are typically considered
Cash and investment accounts are the core: cash and money market balances; stocks, bonds and mutual funds, net of any margin loan against them; and retirement accounts. The calculator asks about retirement accounts in two parts, by whether you can draw on them today without an early-withdrawal penalty, because guidelines can treat the two differently.
Every balance is counted here at its full value, before any share-of-balance adjustment, so the figure here is higher than the guideline's: the investor guideline counts cash in full, but stocks, bonds and mutual funds and retirement accounts at less than their balance. Which accounts count, and at what share of their balance, follow the investor guideline for your file. Other holdings are not entered: business accounts, crypto, real estate, trust assets and foreign accounts. Whether other holdings count, and at what value, follows the investor guideline for your file.
Why the funds you use at closing matter
The investor guideline counts only what remains after the money you use to close: your down payment, closing costs and required reserves. Enter that figure and the calculator shows both readings, before and after closing, side by side; the reading after closing is the one the guideline uses.
For a buyer putting a large part of a statement into the purchase, the difference between the two can be large. It is better seen here, on your own figures, than discovered later.
Nothing is sold or moved
Nothing has to be liquidated for the income test, and nothing moves into our custody: Mbanc takes no deposits and manages no money. The loan is underwritten on a statement of what you hold.
Primary, second home and investment property
The AR Loan finances primary residences, second homes and investment property: homes in the 22 states where Mbanc holds a residential mortgage lending license, and investment property in 46 states and the District of Columbia.
What this calculator does not do
It does not tell you your income, a loan amount, a payment or whether you qualify. It applies no share-of-balance factor and no minimum-asset test, and it is not investment, tax or retirement advice.
Your figures stay on this page. Nothing you type is sent to Mbanc, saved in your browser or added to the page address. Print the reading if you want to keep it.
The AR Loan
The AR Loan reads what you hold, not what you report, from $1,000,000 up to $3,000,000 on every transaction type, and up to $4,000,000 for a primary-residence purchase with a credit score of 720 or above. These are loan amounts, not purchase prices.
