You have the money. You just do not have a payslip.
An asset depletion loan can help borrowers qualify for a mortgage by using eligible assets to document qualifying income, instead of relying on a traditional paycheck. This is a good fit for people who have real money sitting in accounts but nothing that looks like a normal salary on paper.
We compare asset depletion loan options across 100+ lenders to help you find the right fit for your needs and your goals.
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One application. Better options. Simple process.
One simple application gives us what we need to explore the right mortgage options for your situation.
1
Submit the documents
Upload the required documents so we can review your application and move your loan forward
3
You Choose. We Close
Pick the option that works for you. We handle everything from underwriting to closing.
What an asset depletion file needs
Statements for the accounts
Savings, brokerage, and retirement account statements, depending on what the lender counts toward your file.
Assets you can access
Some accounts count differently or not at all. Bring everything and we will sort it.
Seasoning
Lenders want money that has been there a while, not funds that arrived last week.
A credit history the lender can price
Documentation is flexible, but credit is not. Lenders review credit history to price your loan.
A deposit
Generally more than an agency loan needs, since this specialty program serves a different borrower.
A lender that offers the calculation
Not every lender offers this, and each calculates differently, so calculators give a rough guide.
No rates or figures here on purpose. Yours depend on your credit, the county and the program. A licensed loan officer gives you real numbers on the call.
What to watch for, and we will not bury it
Nothing is actually withdrawn
Your assets are not spent or pledged. The lender simply converts them into a qualifying figure, the core idea behind asset depletion loans.
Account types are treated differently
Retirement accounts are often counted at less than full value, and access restrictions matter. Bring everything and we will sort out what counts.
The calculation varies widely by lender
Two lenders can review the same accounts and reach very different incomes, which is why comparing asset-based mortgage lenders matters so much here.
Nadeem Bhatti
Where we place asset depletion loans
Maryland
Virginia
Washington DC
North Carolina
Texas
We are a mortgage company serving these areas. We do not keep a branch in each one. Every mortgage loan is worked from 8115 Maple Lawn Blvd, Suite 350, Fulton, Maryland.
What asset-rich borrowers ask first
Do I have to spend my savings?
No. Nothing is withdrawn, sold, or pledged. The lender converts your assets into a qualifying income on paper, and that is the entire mechanism behind an asset depletion loan.
Which accounts count?
Savings, brokerage, and retirement accounts are the most common ones used in an asset depletion mortgage file, though each lender treats certain account types a little differently.
Do I need any income at all?
Not in the traditional sense. This is really the whole point of an asset-based mortgage, since your assets are doing the job your paycheck would normally do on a standard application.
Is this the same as a reverse mortgage?
No. An asset dissipation mortgage does not pay you money each month the way a reverse mortgage does. Instead, it simply uses your existing assets to help you qualify for a regular forward mortgage.
Is it only for retirees?
Not at all. While retirees are a common example, business owners who recently sold a company, investors living off dividends, and people between jobs all commonly use asset depletion mortgage loans to qualify when their income does not look the way a typical lender expects.
How is my qualifying income calculated?
Every lender does this a little differently, which is why using an asset depletion mortgage calculator only gives you a rough starting estimate. A licensed loan officer can run your actual numbers and show you real figures across multiple lenders.
See what your assets qualify you for
Tell us what you hold and where. We will run the calculation across the lenders that offer it, free.