Location
San Francisco, California
Industry
Residential
Scope of Work
Up to $3 Million: A California High-Net-Worth Closing | GMCC Massive Program
Timeline
1 months
Year
2023
A recently retired executive wanted to purchase a multi-million-dollar San Francisco home. With substantial investments but no paycheck, traditional income-based underwriting had no box for him. The GMCC Massive program qualified him based on assets.
The Problem
Instead of employment income, we documented his portfolio and applied an asset-depletion calculation — converting verified assets into qualifying income for a jumbo loan of up to $3 million.
Our Solution
As a direct lender specializing in jumbo programs, GMCC handled the underwriting, docs, and funding in-house, keeping a complex high-balance file on a fast, predictable timeline.
Why GMCC Massive
Millions in assets, zero qualifying income on paper — and jumbo lenders unwilling to look past the missing W-2.
What We Delivered
A smooth high-net-worth closing on his San Francisco home, qualified entirely on assets, closed in roughly one month.
