Qualify for a Mortgage Using Assets Instead of Income
At Advanced Funding Solutions, we help high-net-worth borrowers, retirees, and investors qualify for home financing through Asset Depletion Mortgage Loans. This unique loan program allows borrowers to use liquid assets — rather than traditional employment income — to qualify for a mortgage.
Asset depletion loans are ideal if you have substantial savings, investments, or retirement funds but limited or irregular income. These programs are part of our Non-QM (Non-Qualified Mortgage) offerings and provide flexible underwriting not available through conventional lenders.
What Is an Asset Depletion Mortgage Loan?
An asset depletion loan qualifies borrowers by converting eligible assets into an assumed monthly income stream. Instead of relying on W-2 wages or tax returns, lenders calculate income based on the value of your assets over a defined period.
This makes asset depletion mortgages an excellent solution for:
- Retirees
- High-net-worth individuals
- Self-employed borrowers with fluctuating income
- Real estate investors
- Borrowers living off savings or investments
How Asset Depletion Loans Work
Rather than verifying employment income, lenders evaluate your verified assets and apply a depletion formula.
Typical Asset Depletion Formula
Eligible Assets ÷ Depletion Period = Monthly Qualifying Income
For example, $1,200,000 in eligible assets divided over 120 months could generate $10,000 in qualifying monthly income.
Different asset types may be discounted or treated differently depending on program guidelines.
Eligible Assets for Asset Depletion Loans
Common asset types that may be used include:
- Checking and savings accounts
- Brokerage accounts (stocks, bonds, mutual funds)
- Retirement accounts (401k, IRA – often discounted)
- Trust assets (program dependent)
Assets must be properly documented and seasoned per program requirements.
Benefits of Asset Depletion Mortgage Loans
✔ No employment income required
✔ No W-2s or pay stubs
✔ Ideal for retirees and high-net-worth borrowers
✔ Primary residence, second home, and investment options
✔ Flexible Non-QM underwriting
✔ Competitive loan amounts for qualified borrowers
Asset depletion loans provide flexibility while maintaining responsible underwriting standards.
Asset Depletion Loan Requirements
While guidelines vary by program, borrowers typically need:
- Significant verified liquid assets
- Minimum 620–680 credit score (program dependent)
- Down payment starting at 20–30% (based on occupancy)
- Acceptable debt-to-income ratio using asset-based income
- Standard appraisal and property condition
Our loan specialists will determine the most favorable structure for your situation.
Property Types Eligible
Asset depletion loans can be used for:
- Primary residences
- Second homes
- Investment properties
- Single-family homes
- Condos and townhomes
- 2–4 unit properties
Loan limits and LTVs may vary by property type.
Asset Depletion Loans vs Traditional Mortgages
| Asset Depletion Loans | Traditional Loans |
| Qualify using assets | Qualify using income |
| No employment required | Employment verification required |
| Non-QM flexibility | Strict QM guidelines |
| Ideal for retirees | Designed for wage earners |
Frequently Asked Questions
Can I qualify for a mortgage without income?
Yes. Asset depletion loans allow borrowers to qualify using verified assets instead of employment income.
Are retirement accounts eligible?
Yes. Retirement assets are often eligible but may be discounted depending on program guidelines.
Can asset depletion loans be used for investment properties?
Yes. Some programs allow asset depletion loans for investment properties.
Get Started with an Asset Depletion Mortgage Loan
If you have strong assets but limited income, Advanced Funding Solutions can help you qualify for a mortgage using asset-based underwriting.
Why Work With Advanced Funding Solutions?
✔ Non-QM loan expertise
✔ Flexible underwriting
✔ Experience with high-net-worth borrowers
✔ Lending specialists
