A mortgage that considers the assets you have built.
Explore a way to qualify using eligible financial assets. An asset depletion program converts qualifying assets into an income calculation under the lender’s guidelines.
Could this fit your plans?
- You hold substantial eligible financial assets.
- Your regular employment income may not reflect your ability to repay.
- You want a loan officer to compare asset-based and other documentation options.
What to have ready
Your exact checklist depends on the lender and your situation. A helpful starting point:
- Recent statements for the assets you want the lender to consider.
- Account ownership, accessibility, and any withdrawal restrictions.
- Property details, existing mortgage information, and planned closing funds.
How lenders review this loan
These lender-specific examples show details that can shape your options. Your loan team will help you compare the requirements for your situation.
Eligible, accessible assets
The lender reviews account type, ownership, seasoning, and access before using assets to calculate qualifying income.
Funds left after closing
Funds needed for your down payment, closing costs, and reserves reduce the assets available for the income calculation.
Match the right method
Asset depletion and asset utilization have different rules. The cited depletion program excludes investment properties and cash-out refinances; your team will check the method that fits your goal.
A clear path forward.
Tell us what you have in mind
Start with your goal, property plans, and how you document income. Your loan team will help identify the relevant programs.
Review options with your loan officer
Compare the documentation, estimated costs, and payment structure. Understand what the lender needs before you move forward.
Build your application together
Your team guides you through the requested documents, lender review, and remaining steps toward closing.
Questions about asset depletion loans?
Does asset depletion mean I must sell my investments?
The term describes an income calculation, not necessarily a requirement to liquidate an account. The lender will review whether assets are accessible and what funds are needed to close.
Can retirement accounts be considered?
Some programs consider eligible retirement assets. Age, account type, access restrictions, and lender rules can affect the calculation.
Can I use this for a refinance?
Purchase and refinance options may be available. Your loan officer will review the property, available assets, and lender requirements before recommending a program.
Let’s find the right next step.
Start with a few details, then work with our loan team to compare your options.
Programs are subject to lender availability, borrower and property eligibility, and underwriting approval. This information is not a commitment to lend.