Asset Depletion Loan Program
An Asset Depletion Loan Program is designed for borrowers who have significant assets but may not have traditional income sources. This program is ideal for retirees, self-employed individuals, high-net-worth borrowers, or anyone with substantial liquid assets who wants to qualify for a mortgage without relying on W-2s, pay stubs, or tax returns.
Key Features
Qualify for a mortgage using your liquid assets instead of traditional income
Eligible assets include checking and savings accounts, money market accounts, CDs, stocks, bonds, mutual funds, and certain retirement accounts
No need to liquidate your assets-assets are only used to demonstrate your ability to repay the loan
Loan amounts and terms vary by lender; some offer loans up to $3 million or more
Available for primary residences, second homes, and in some cases, investment properties
Both fixed-rate and adjustable-rate options are available
Eligibility:
Significant verified liquid assets, such as cash, investment portfolios, or retirement funds
Minimum credit score typically ranges from 620–680, with higher scores offering better terms
Down payment requirements and loan-to-value ratios vary by lender, often requiring at least 20% down
Debt-to-income ratio may be considered, but is generally less critical than with traditional loans
Full documentation of assets is required, including recent account statements and proof of ownership
