Qualify with Your Assets, Not Just Your Income
Perfect for retirees, investors, and high-net-worth individuals with significant liquid assets but limited traditional income.
Named us "The Best All-In-One Lender for Refinancing."
What is an Asset Depletion Loan?
A flexible mortgage solution that uses your liquid assets to qualify instead of relying solely on traditional income documentation.
How It Works
Asset Depletion Loans allow you to use your liquid assets—such as savings accounts, stocks, bonds, mutual funds, retirement accounts (401(k), IRA), and other investment portfolios—to qualify for a mortgage. Instead of proving monthly income through W-2s or tax returns, lenders calculate your qualifying income by dividing your total eligible assets by the loan term (typically 360 months for a 30-year mortgage).
Example: If you have $1,000,000 in liquid assets and apply for a 30-year mortgage, the lender would divide $1,000,000 by 360 months = $2,778 per month in qualifying income.
Who Benefits Most?
This loan type is ideal for:
- Retirees living off investment income rather than traditional employment
- High-Net-Worth Individuals with substantial assets but complex or minimal tax returns
- Real Estate Investors with large portfolios generating passive income
- Self-Employed Professionals with significant savings but fluctuating income
- Anyone with substantial liquid assets seeking flexible qualification options
Key Benefits of Asset Depletion Loans
Why this flexible financing option stands out for asset-rich borrowers.
No Income Documentation
Skip the traditional W-2s, pay stubs, and tax returns. Qualify based on your liquid assets alone.
Leverage Your Wealth
Put your savings, investments, and retirement accounts to work to qualify for your dream home.
Perfect for Retirees
Ideal solution for those living off investment income without traditional employment.
Flexible Qualification
Easier approval process for those with complex financial situations but substantial assets.
Multiple Property Types
Available for primary residences, second homes, and investment properties.
Fast Approval Process
Streamlined underwriting with fewer documentation requirements means quicker closings.
Eligibility Requirements
- Liquid Assets: Sufficient assets in savings, investment accounts, stocks, bonds, mutual funds, or retirement accounts (401(k), IRA)
- Credit Score: Typically 620 minimum; higher scores (680+) receive better rates and terms
- Down Payment: Varies by property type; typically 10-20% for primary residence, 20-30% for investment properties
- Asset Documentation: Recent statements (usually 2-3 months) for all accounts used for qualification
- Property Standards: Property must meet lender appraisal and condition requirements
- Debt-to-Income: Total monthly debts including the new mortgage typically cannot exceed 43-50% of your calculated asset-based income
Frequently Asked Questions
Get answers to common questions about Asset Depletion Loans.
What Our Clients Say
Real stories from borrowers who leveraged their assets to achieve their homeownership goals.
"David helped me secure financing for my very first home purchase. Other lenders would only pre-qualify me for amounts that were so much lower than I needed. I'll never forget, David said to me, 'Don't worry, Jeff... we'll get you financed for the home you want.' He was true to his word and so kind and understanding in dealing with my first-time home buyer's fears, concerns and questions."
"Nationwide Home Loans Inc is absolutely the best lender I've ever done business with. They are extremely friendly and take the time to listen to your needs. They are also very creative and helped us in a purchase and a refinance. With all of their experience, they will find a way to get your loan through. Call Nationwide, you'll be glad you did!"
Ready to Leverage Your Assets?
Not sure which type of loan is right for you? Let our experienced team help you explore your options and find the perfect financing solution for your unique situation.
Loan terms and credit approval may vary depending upon loan amount. In determining your actual loan amount, we will consider your ability to repay by looking at your income, debts, credit history, and other financial obligations. Nationwide Home Loans, Inc. is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.
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