Private Wealth Mortgage · Minnesota

Jumbo & Private Wealth Mortgage in Minnesota — Up to $20M+.

Whether you're purchasing in Minneapolis, building in Saint Paul, or consolidating a portfolio across Minnesota— Sean Shallis structures jumbo and private wealth mortgages that retail lenders can't touch.

Portfolio lending. Complex income. Trust and LLC vesting. No PMI. Loans originated through U.S. Bank.

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Confidential consultation 20-minute strategy call No obligation

Private Wealth Lending in Minnesota

Minnesota's luxury markets deserve a lender who builds custom.

Sean Shallis is a national private wealth mortgage specialist backed by U.S. Bank. He personally handles every high-net-worth client — no hand-off to junior staff, no 1-800 number. Complex income, multiple properties, foreign nationals, trust purchases — Sean structures what others can't.

Whether you're an executive purchasing in Minneapolis, a business owner building in Saint Paul, or a foreign national investing in Minnesota real estate — U.S. Bank offers portfolio lending solutions unavailable through retail channels.

Strategy Call

A confidential 20-minute call with Sean. He maps your income structure, asset picture, and Minnesota property goals.

Custom Structure

Sean designs your loan: income sources, asset leverage, optimal term, trust or LLC vesting — tailored to your Minnesota purchase.

White Glove Close

Sean manages every detail through closing. One point of contact. Private wealth processing lane. Coordinated seamlessly.

Executives & C-Suite

RSU, stock options, and deferred compensation counted as qualifying income for Minnesota purchases.

Business Owners

Self-employed with complex write-offs? We look at cash flow, not just your 1040. Ideal for Minnesota entrepreneurs.

Foreign Nationals

Non-resident buyers purchasing Minnesota real estate. No SSN required. Asset-based qualification available.

Multi-Property & Trust

Portfolio lending with no property count limit. Trust and LLC vesting. Perfect for Minnesota investment portfolios.

$20M+

Loan Amounts

No arbitrary cap — structured to your net worth

PMI on Jumbo

No private mortgage insurance, ever

Flexible

DTI Guidelines

Asset-based qualification and residual income analysis

Portfolio

Lender

U.S. Bank keeps your loan — relationship banking

Sean + U.S. Bank vs. Minnesota Jumbo Lenders

Most Minnesota lenders offer jumbo loans. Very few offer private wealth lending strategy.

Feature

Sean + U.S. Bank

Retail Jumbo

MN Private Bank

Loans up to $20M+

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Portfolio lender (keeps your loan)

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RSU/stock income counted

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Asset-based qualification

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Trust and LLC vesting

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Interest-only options

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Foreign national eligible

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Free rate renegotiation

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Single point of contact (Sean)

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AI rate monitoring (Rosie)

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Luxury Markets Across Minnesota

Sean works with high-net-worth borrowers in every Minnesota market — and nationwide.

Minneapolis, MN

Jumbo and private wealth mortgage solutions for luxury homes and investment properties in Minneapolis.

Saint Paul, MN

Jumbo and private wealth mortgage solutions for luxury homes and investment properties in Saint Paul.

Rochester, MN

Jumbo and private wealth mortgage solutions for luxury homes and investment properties in Rochester.

Private Wealth Mortgage FAQ — Minnesota

What are the jumbo loan limits in Minnesota?

Conforming loan limits vary by county in Minnesota, but U.S. Bank portfolio loans start above conforming limits and go up to $20M+. There is no arbitrary cap — your loan amount is structured around your financial picture, not a government guideline.

Can I use asset depletion to qualify in Minnesota?

Yes. Asset depletion divides your eligible liquid assets by the loan term to create qualifying income. Ideal for retired executives, business owners between ventures, or high-net-worth borrowers purchasing in Minnesota with significant wealth but non-traditional income.

Can I purchase a Minnesota property in a trust or LLC?

Absolutely. U.S. Bank regularly closes loans vested in revocable trusts, irrevocable trusts, and LLCs in Minnesota. No need to close in personal name and transfer after — we close directly into the entity.

Does Sean work with foreign nationals buying in Minnesota?

Yes. Non-resident foreign nationals can purchase Minnesota real estate through our private wealth programs. No SSN required. Asset-based qualification available. Typically 30-40% down payment with competitive rates.

Can RSU and stock income qualify me for a Minnesota jumbo loan?

Yes. U.S. Bank counts vested RSUs, stock options, and deferred compensation as qualifying income. We analyze your vesting schedule and historical grants — unlike retail lenders who often ignore non-cash compensation entirely.

Are interest-only jumbo loans available in Minnesota?

Yes. Interest-only periods of 5, 7, or 10 years are available on private wealth mortgages in Minnesota. This maximizes cash flow and provides flexibility for borrowers who prefer to deploy capital elsewhere during the IO period.

How many investment properties can I finance in Minnesota?

Portfolio lending means no limit on the number of financed properties. Whether you have 5 or 50 properties across Minnesota and beyond, we structure each loan based on your total financial picture. No property count restrictions.

How does rate renegotiation work?

Because U.S. Bank portfolios your loan (keeps it on their books), rate renegotiation is available before funding if rates drop. Sean also monitors rates post-close through Rosie — if a meaningful savings window opens, he'll reach out proactively.

Ready for a private wealth mortgage in Minnesota?

Book a confidential 20-minute strategy call with Sean. No obligation. No junior staff. Direct access to 30+ years of private wealth lending expertise.

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