Private Wealth Mortgage · Rhode Island

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

Whether you're purchasing in Providence, building in Warwick, or consolidating a portfolio across Rhode Island— 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 Rhode Island

Rhode Island'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 Providence, a business owner building in Warwick, or a foreign national investing in Rhode Island 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 Rhode Island property goals.

Custom Structure

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

Business Owners

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

Foreign Nationals

Non-resident buyers purchasing Rhode Island 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 Rhode Island 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. Rhode Island Jumbo Lenders

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

Feature

Sean + U.S. Bank

Retail Jumbo

RI 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 Rhode Island

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

Providence, RI

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

Warwick, RI

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

Cranston, RI

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

Private Wealth Mortgage FAQ — Rhode Island

What are the jumbo loan limits in Rhode Island?

Conforming loan limits vary by county in Rhode Island, 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 Rhode Island?

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 Rhode Island with significant wealth but non-traditional income.

Can I purchase a Rhode Island property in a trust or LLC?

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

Does Sean work with foreign nationals buying in Rhode Island?

Yes. Non-resident foreign nationals can purchase Rhode Island 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 Rhode Island 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 Rhode Island?

Yes. Interest-only periods of 5, 7, or 10 years are available on private wealth mortgages in Rhode Island. 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 Rhode Island?

Portfolio lending means no limit on the number of financed properties. Whether you have 5 or 50 properties across Rhode Island 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 Rhode Island?

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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