Asset Depletion Mortgage Program

Our Asset Depletion Program, also known as the Asset Utilization Loan Program, is a financing solution that allows you to qualify for a mortgage based on your assets instead of employment income.

This program is especially popular with retirees, self-employed borrowers, or high-net-worth individuals who may not have a consistent monthly income but hold significant liquid assets.

How the Asset Depletion Program Works

Instead of using pay stubs, W-2s, or tax returns, our Asset Depletion loan calculates income by dividing your verified assets over 60 months.

Example:

If you have $300,000 in assets, that translates into $5,000/month of qualifying income for mortgage purposes.

We can also blend this program with other documentation options, such as full documents, bank statements, 1099s, or verification of employment (VOE).

Program Highlights

Our Asset Utilization loans come with borrower-friendly features designed to help you maximize your financing options:

• Up to 90% LTV on Purchases
• Up to 80% LTV on Cash-Out Refinances
• Assets only need to be seasoned for 3 months
• Eligible for Primary, Second Homes, and Investment Properties
• Minimum 660 FICO score required

Eligible Asset Types

We consider a wide variety of assets when determining qualifying income, including:

• Checking & Savings Accounts
• Stocks, Bonds, and Mutual Funds
• Vested Retirement Accounts
• Money Market Funds

Connect with us to see if you qualify under our asset depletion mortgage program.