Qualify on what you’ve saved — not a paycheck.
An asset depletion loan (also called an asset qualifier) lets you use your savings, investments, and retirement accounts to qualify for a mortgage — no job, no income, and no tax returns required. It’s built for retirees, business owners between ventures, and anyone whose wealth sits in the bank rather than in a paycheck.
Asset depletion loan terms at a glance
80%
maximum LTV
$3.5M
maximum loan amount
Mid-600s
minimum credit score
$0
income or employment required
Retirement OK
IRAs, 401(k)s & brokerage count
Investment OK
primary, 2nd home & investment eligible
All figures shown are maximums, with exceptions considered on a case-by-case basis. Final terms are quoted per deal and depend on the property, your assets, and your profile.
How an asset depletion loan works
Instead of looking at a paycheck, we add up your eligible liquid assets, subtract your down payment, closing costs, and required reserves, and convert what’s left into a monthly qualifying income — spread over a set number of months. That figure stands in for employment income, so there’s nothing to verify from an employer and no tax returns to produce. The larger your asset base, the more you qualify for.
What counts
Checking, savings, and money-market accounts, brokerage holdings, and retirement accounts — counted in full once you’re 59½.
Built for retirees and asset-rich borrowers
If your net worth is in your accounts rather than a W-2, this is your program. Retirees living off savings, business owners between ventures, and high-net-worth buyers who keep their cash invested can all qualify on assets alone. Retirement accounts count toward your qualifying assets — in full once you reach 59½ — and you can use it for a primary residence, second home, or investment property.
See what your assets qualify you for
No income, no employment — just a quick look at your accounts.
Asset depletion loan FAQs
What is an asset depletion loan?
It’s a mortgage that qualifies you on your liquid assets instead of employment income. Your eligible savings and investments are converted into a monthly qualifying figure, so you can buy or refinance without a job, income, or tax returns.
Do I need a job or income to qualify?
No. Qualification is based entirely on your assets. There is no employment to verify and no income documentation or tax returns required.
What assets count?
Checking, savings, and money-market accounts, brokerage holdings (stocks, bonds, and mutual funds), and retirement accounts. Funds generally need to be liquid and seasoned; retirement accounts count in full once you reach age 59½.
How is my qualifying income calculated?
We total your eligible assets, subtract your down payment, closing costs, and required reserves, and divide the remainder over a set number of months to produce a monthly qualifying income. A larger asset base produces a higher qualifying figure.
Can I use the loan for an investment property?
Yes. Asset depletion can be used for a primary residence, second home, or investment property. On investment property it’s sometimes structured as asset utilization, but the principle is the same — your assets qualify you, with no income or employment required.