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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Asset depletion is usually right if this is you
| YOUR SITUATION | WHY THIS LOAN FITS | GO TO |
|---|---|---|
| You are retired | The classic case. Substantial assets, modest reportable income | Reverse mortgage → |
| You sold a business | Cash in the bank and no current salary is a very common position | All non-QM → |
| You live off investments | Dividends and drawdowns rarely document the way a lender expects | Bank statement loans → |
| You are between roles | Assets can carry the file while your income picture is in transition | Self-employed → |
| You are buying in a high-cost county | Bethesda, Arlington and Loudoun see this profile constantly | Jumbo loans → |
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
2
We Shop 100+ Lenders
We compare lenders and find the asset-based mortgage options that actually fit your situation.
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 accounts, depending on what the lender will count toward your asset depletion mortgage file.
Assets you can access
Some account types are counted differently, and some are not counted at all, so it helps to bring everything and let us sort out what qualifies.
Seasoning
Lenders want to see the money has actually been there for a while, not something that arrived last week right before you applied.
A credit history the lender can price
Documentation is flexible here, but credit is not. Lenders carefully review your credit history to price your loan accurately. Every single detail of your past credit behavior matters significantly for final approval.
A deposit
Generally, this requires more than an agency loan needs, since it is a specialty program built around a different kind of borrower. Saving extra funds ensures you meet these higher deposit standards.
A lender that offers the calculation
Not every lender does this, and those that do calculate it differently, which is a big part of why an asset depletion mortgage calculator can only give you a rough starting point rather than a firm number.
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
This confuses almost everyone at first. Your assets are not spent or pledged in any way. The lender simply converts them into a qualifying figure on paper, which is really the whole idea behind an asset dissipation loan or an asset dissipation mortgage, since both terms describe the same basic approach just under a different name.
Account types are treated differently
Retirement accounts are often counted at less than their full face value. Furthermore, strict access restrictions matter quite a bit when lenders evaluate your assets. Bring everything you have and let us sort out what counts and what does not.
The calculation varies widely by lender
Two lenders can look at the exact same accounts and land on very different qualifying incomes. This is really the strongest argument for shopping your file around instead of accepting the first number you are given, which is exactly why comparing several asset-based mortgage lenders matters so much here.
Nadeem Bhatti
Where we place asset depletion loans
Maryland
Virginia
Washington DC
North Carolina
Florida
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.