What is an asset depletion loan?

A non-QM mortgage that converts your eligible assets into a monthly qualifying income by dividing them over a set period — no job or tax returns required.

Which accounts count?

Typically checking and savings, brokerage and investment accounts, and retirement accounts (often at a reduced percentage before retirement age). Assets generally need to be seasoned and liquid.

Do I need employment income?

No — asset depletion is designed for borrowers with strong assets but little or no job income. Any income you do have can be added on top.

How much down payment do I need?

Usually more than a conventional loan — often 20%+ — since it's a non-QM program pricing in flexibility. A larger down payment can also improve your terms.

Is the rate higher than a conventional loan?

Usually a bit, along with a larger down payment — the standard non-QM trade-off for qualifying on assets instead of income.

Can I combine asset depletion with other income?

Yes — Social Security, pension, or part-time income can be layered on top of your asset-based income to strengthen the file.

Asset Depletion Loans in Texas & Florida

Qualify on your assets, not your income.

Qualify on your assets, not your income. Built for retirees and high-net-worth buyers who are asset-rich but income-light on paper.

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120+ lender partners · Same-day response · NMLS #2661068 · Licensed in TX & FL

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Overview

An asset depletion loan — also called an asset-based or asset-utilization mortgage — turns your eligible assets into qualifying income. Instead of a job or tax returns, the lender takes a portion of your cash, brokerage, and retirement accounts and divides it over a set period to create a monthly income the file can use. It's a non-QM (non-qualified mortgage) program built for people whose balance sheet is strong even when their income statement isn't.

That describes a lot of successful buyers: retirees living off savings, business owners who take little salary, and high-net-worth individuals whose money works in investments rather than a paycheck. Traditional underwriting looks at those borrowers and sees "no income" — and declines them. Asset depletion looks at the same person and sees exactly what they are: someone with the means to pay. With 120+ lender partners across Texas and Florida, I match your asset picture to the program that counts the most of it.

How asset depletion income is calculated

The lender totals your eligible, seasoned, liquid assets, often discounts them (retirement accounts and stocks are typically counted at a reduced percentage before retirement age), then divides the usable balance over a set depletion period — commonly anywhere from 60 to 360 months depending on the program. The result is a monthly figure that stands in for a paycheck and runs against your debt-to-income ratio like any other income. A larger, cleaner, well-seasoned asset base produces a higher qualifying income, which is why organizing accounts before you apply matters — and why I look at your full picture before we pick a lender.

Who it's for

Asset depletion fits retirees, near-retirees, business owners who pay themselves lightly, trust-fund and inheritance recipients, and anyone who is asset-rich but income-light on paper. It works on a primary residence, a second home, or a purchase you'd otherwise pay cash for but would rather finance to keep your money invested. If you've been told you "don't have enough income" despite a healthy portfolio, this is very often the program that should have been offered instead.

What to know

Asset Depletion Loans, plainly.

Qualify on assets, not income

Cash, brokerage, and retirement accounts become a monthly qualifying income.

No job required

No employment, pay stubs, W-2s, or tax returns needed.

How it's calculated

Usable, seasoned assets divided over a set depletion period (often 60–360 months).

Retirement accounts count

Often at a reduced percentage before retirement age; liquid accounts count more fully.

Any occupancy

Primary residence, second home, or an investment you'd rather finance than pay cash for.

120+ lenders shopped

Programs vary widely in how they count assets; I match you to the most generous fit.

Frequently asked

Frequently asked questions.

Related guides

Explore related programs

Next step

See what your assets can qualify you for.

Send me your balances and I'll show you the loan they support.

Start your application Loan scenario Get in touch

120+ lender partners · Same-day response · NMLS #2661068 · Licensed in TX & FL

NMLS #2661068 · 120+ lender partners · same-day response