Asset Depletion

Our Asset Depletion Loan Program is designed for borrowers who may not have a steady stream of traditional income but possess substantial liquid assets. This program allows borrowers to qualify for a mortgage by depleting their assets to demonstrate their ability to repay the loan, making it an ideal solution for retirees, high-net-worth individuals, and those living off savings or investments.

Key Features of the Asset Depletion Loan Program:

Income Verification Through Assets:
  • Qualifies borrowers based on their liquid assets, such as savings accounts, investment portfolios, retirement accounts, and other financial assets.
  • A portion of these assets is calculated as income over a predetermined period, demonstrating the borrower’s capacity to meet mortgage payments.
Simplified Documentation Requirements:
  • Reduces the need for traditional income documentation such as pay stubs, W-2s, or tax returns.
  • Requires detailed asset statements to verify the borrower’s financial standing and the availability of sufficient assets.
Flexible Loan Terms:
  • Offers a variety of loan term options, including fixed and adjustable-rate mortgages, to meet the diverse needs of borrowers.
  • Provides competitive interest rates based on the borrower’s asset profile and overall financial health.
High Loan Amounts and Competitive Rates:
  • Accommodates both high-value and more modest loan amounts, ensuring accessibility for a wide range of borrowers.
  • Offers attractive rates that reflect the borrower’s financial stability and asset portfolio.
IIdeal for Various Borrower Profiles:
  • Retirees who are living off their savings or investment income.
  • High-net-worth individuals with substantial liquid assets but irregular income.
  • Borrowers who prefer to use their assets rather than traditional income sources for mortgage qualification.

Benefits of Choosing Our Asset Depletion Loan Program:

  • Streamlined Process: Simplifies the loan approval process by focusing on the property’s cash flow rather than the borrower’s personal income, making it quicker and more efficient.
  • Enhanced Accessibility: Expands mortgage opportunities for borrowers with substantial assets who might not qualify under conventional income verification methods.
  • Tailored Solutions: Our dedicated team works closely with brokers to provide personalized mortgage solutions that cater to the specific needs of asset-rich borrowers, ensuring their financial goals are met.
By leveraging our Asset Depletion Loan Program, brokers can offer their clients a practical and efficient way to secure mortgage financing. This program ensures that more borrowers with significant assets can achieve their homeownership dreams, regardless of their income sources.