One of the most powerful options we offer is the Asset Depletion Program, a Non-QM home loan for borrowers with substantial liquid assets but limited income documentation.
We’re proud to share a recently funded success story that highlights how this program helps borrowers achieve their real estate goals.
Recently Funded: $4.7 Million Asset Depletion Purchase
- Location: Hawaii
- Loan Program: Montage – Asset Depletion
- Loan Amount: $4,700,000
- Transaction Type: Purchase
- Property Type: Single-Family Residence – Non-Owner Occupied
- LTV: 60%
- Credit Score: 764
- Loan Term: 7/6 ARM
This transaction was unique because it was approved solely on asset depletion. That means we did not require tax returns or employment verification. Instead, the borrower’s liquid assets, such as cash in the bank, securities, and retirement funds, were amortized over 60 months to determine loan qualification.
Asset Depletion Loan
An Asset Depletion Loan, sometimes called an “asset-based mortgage,” is a type of Non-QM home loan where your liquid assets replace traditional income verification. Instead of showing pay stubs or tax returns, we calculate monthly income by dividing your qualifying assets over a set period, often 60 or 84 months.
This program is ideal for:
- Retirees with significant retirement accounts or securities.
- Self-employed borrowers who prefer not to use tax returns.
- High-net-worth individuals with strong bank balances.
- Investors who need a streamlined, asset-focused approval process.
What’s Good about This Loan Program?
- No income verification required
- No employment history needed
- Perfect for borrowers with liquid assets
- Flexible underwriting for unique financial profiles
- Available for primary, second homes, and investment properties
Contact us for information about our Asset Depletion Loan.
