The FLEX Program™
USVI Asset Depletion MortgagesFinancing for Retirees & High-Net-Worth Buyers
The Virgin Bay Advantage
Keep Your Portfolio Intact and Growing
Retiring to the Virgin Islands or purchasing a luxury Caribbean property shouldn't require you to liquidate your investment portfolio or show traditional W-2 income. Mainstream stateside lenders often struggle to quantify wealth stored in investment accounts, trusts, or retirement funds. Through Virgin Bay Mortgage's FLEX program, our local underwriting team calculates a reliable qualifying monthly income stream directly from your liquid assets, allowing you to secure competitive financing while leaving your portfolio intact and growing.
Local Expertise
Deep roots in the USVI market and an understanding of island properties.
In-House Underwriting
Every step under one roof for faster approvals and fewer delays.
Local Loan Servicing
We keep servicing your loan after closing, so you always deal with us.
How Asset Depletion Loans Work in the Virgin Islands
No Active Income Required
Qualify using your liquid net worth without needing employment, business tax returns, or W-2s.Preserve Portfolio Growth
Keep your cash, stocks, bonds, and retirement funds invested rather than taking large taxable distributions or liquidating assets.High Loan Amounts
Ideal for luxury primary homes, second homes, and high-value investment properties up to $2M+.Flexible Ownership Options
Close directly in your personal name, a revocable trust, or an LLC for liability protection and estate planning.
Eligible Asset Types
- Checking & Savings Accounts
- Money Market & CD Accounts
- Stocks, Bonds, Mutual Funds & Brokerage Portfolios
- Vested Retirement Accounts (401k, IRA, Roth IRA)
Eligible Property Types
- Primary Residences
- Luxury Second Homes & Vacation Villas
- Investment Properties
- Single-Family Homes & Condominiums (Warrantable & Non-Warrantable)
Buy Your Island Home Without Selling Your Portfolio
Talk with a local loan officer who knows the USVI market. We respond within 24 hours.
Explore More
More FLEX Program™ Loans
DSCR Loans
Buying a short-term rental or Airbnb in the USVI? We qualify the mortgage based on the property's projected rental income, not your personal debt-to-income ratio.
Learn moreBank Statement Loans
Heavy tax deductions shouldn't stop you from buying a home in the Virgin Islands. We verify your income using 12 to 24 months of bank statements instead of tax returns.
Learn moreJumbo Loans
Some island properties easily exceed the conforming loan limits from Fannie Mae or Freddie Mac. As part of the FLEX Program™ we offer loans up to $2M requiring only 30% down.
Learn moreCommercial Loans
Expanding your portfolio? We offer commercial financing up to $2M for retail, office spaces, and 5+ unit multi-family apartment buildings across the territory.
Learn moreLLC Closings
One of the major advantages of the FLEX Program™ is the ability to close in an LLC, which may be more cost effective than closing in your name and transferring the property later.
Learn moreCondo-Tels & Non-Warrantable Condos
Specialized FLEX portfolio lending designed to finance USVI condo-tels and non-warrantable condominiums that traditional mainland banks treat as commercial properties.
Learn more
1-340-714-0033
contact@virginbay.com
A2-7, Red Hook Quarters, 6100, No. 2 Suite, St. Thomas, 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
1-340-714-0033
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
Get Started Today
Contact our team of experts for personalized advice. Guaranteed to respond within 24 hours.
Local, Experienced, Trustworthy Advice For The USVI Mortgage Market
Loan Programs
Location & Hours
6100 Red Hook Quarters
Suite A2-7
St. Thomas, VI. 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
Copyright © 2026 Virgin Bay Mortgage - All Rights Reserved