Self-Employed Loan
Asset Depletion
For borrowers with significant savings and investments but little regular income on paper, such as retirees and high-net-worth buyers. The lender converts your eligible assets into a monthly income for qualifying, an alternative documentation path.
- Qualifies onEligible liquid assets
- ForRetirees and high-net-worth borrowers
- PurposePurchase or refinance
- Loan typeNon-QM, alternative documentation
How It Works
Your assets become your income.
An asset depletion loan takes the value of your eligible assets, after any discounts the lender applies, and divides it over a set number of months. The result is treated as monthly income, so your savings can qualify you even without a paycheck.
- 01
We list the assets that can count
Checking, savings, brokerage and retirement accounts can often be used. Lenders may count only part of some accounts, such as retirement funds or stocks.
- 02
The lender converts assets into income
Eligible assets, minus the down payment, closing costs and required reserves, are divided over the period the lender uses to arrive at a monthly income.
- 03
We price it across our lenders
Asset depletion programs differ in which assets count and how they are calculated. We compare them and match you with the ones that fit.
Program Highlights
Why borrowers choose asset depletion.
- Qualify using liquid assets instead of employment income
- Converts eligible assets into an income stream for underwriting
- Useful for retirees and high-net-worth borrowers
- Can be combined with other income, such as Social Security or a pension
- You keep your assets, which are used for qualifying, not spent
- Lenders still verify your ability to repay
Common Questions
What borrowers ask about asset depletion loans.
An asset depletion loan, sometimes called asset utilization or asset qualifier, is a mortgage that uses your liquid assets to calculate qualifying income. Instead of a paycheck, the lender divides your eligible assets over a set number of months and treats the result as monthly income.
The lender totals your eligible assets, applies any discounts, for example to retirement or investment accounts, and subtracts the down payment, closing costs and reserves. What remains is divided over the period the lender uses, and the result counts as monthly income for qualifying. Each lender sets its own method.
Usually checking, savings, money market, brokerage and retirement accounts. Lenders often count only part of retirement and investment accounts. Real estate, business equity and other assets that are hard to sell quickly generally do not count.
No. The assets are used to calculate qualifying income, not withdrawn by the lender. You need to keep enough to cover the down payment, closing costs and reserves, and the lender verifies the accounts before closing.
No. It fits anyone with substantial liquid assets and limited documented income, such as retirees, people living on investments, or borrowers between jobs or businesses. Some programs let you combine asset income with other income you already receive.
A Non-QM (non-qualified mortgage) falls outside the standard Qualified Mortgage rules, usually because income is documented with bank statements, a P&L, assets or rental income instead of tax returns. Lenders are still required to verify that you can repay. It is a documentation difference, not a subprime product.
General information only, not a commitment to lend. Loan programs, guidelines, interest rates and terms are subject to change without advance notice.
See what your assets qualify for across our lender network.
Tell us about your accounts and what you want to buy or refinance. We will show you which lenders fit and what it takes to close.