Qualify on assets · No employment income required
Some borrowers have the balance sheet of a franchise owner and the pay stubs of a retiree. Asset depletion is built for exactly that: instead of employment income, we convert your liquid assets into a qualifying monthly income figure and underwrite to it.
It's one of the strongest tools we have for retirees, business owners between exits, trust beneficiaries, and high-net-worth buyers in the $1M–$5M range. No tax returns dictating your approval, no W-2 required — just documented, verified assets.
Current guidelines. Overlays vary by investor, so treat these as the strike zone — not a hard rulebook.
Qualifying income
Eligible assets divided by the program term — commonly 84, 120, or 240 months depending on the investor
Eligible assets
Checking, savings, brokerage, mutual funds, and vested retirement accounts (typically discounted 70–100%)
Minimum assets
Program-specific — often $500,000+ post-closing for jumbo scenarios
Credit score
700+ typical; some programs start at 680 with larger reserves
Down payment
20% minimum on most programs, 25–30% on super-jumbo and second homes
Seasoning
Assets generally documented for 2–3 months and must be sourced
Occupancy
Primary, second home, or investment property depending on program
Your balance sheet carries the file. No pay stubs, no W-2s, no employer verification required.
You don't liquidate anything. Assets simply have to be documented — they stay invested and keep compounding.
This is the workhorse program for $1M–$5M purchases where traditional income underwriting doesn't tell the real story.
Pension, Social Security, rental, or dividend income can be layered on top of the depletion figure.
A 15-minute call. Real numbers, no credit pull required to start.
Use our calculator to see principal, interest, taxes, insurance, and PMI.
Open CalculatorSend us rough account balances and a target purchase price. We'll come back with the qualifying income and payment.
Steve Kent · NMLS #1621847 · Licensed in 22 states