Asset-Depletion Loan: Qualify Using Liquid Assets Instead of Traditional Income
Quick Facts
- Qualify using liquid assets
- No traditional income required
- Ideal for retirees and high‑asset borrowers
- Flexible credit guidelines
- Purchase or refinance options available
What Is an Asset-Depletion Loan?
An Asset-Depletion Loan allows borrowers to qualify for a mortgage using their liquid assets instead of traditional income. Lenders calculate an income equivalent based on available assets, making this program ideal for retirees, investors, and high‑net‑worth borrowers.
Asset-Depletion Loan Benefits
- Qualify without traditional income
- Ideal for retirees or borrowers with significant assets
- Flexible credit and reserve requirements
- Works for primary, second, or investment homes
- Purchase or refinance options available
Asset-Depletion Loan Eligibility Requirements
- Sufficient liquid assets to meet lender formulas
- Acceptable credit profile
- Adequate reserves (varies by lender)
- Property must meet appraisal standards
- Full underwriting review required
How an Asset-Depletion Loan Works
Lenders calculate qualifying income by dividing liquid assets by a set factor or term, creating an income equivalent for underwriting. Borrowers complete credit and asset verification, and lenders determine eligibility based on total available assets.
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