Flexible Asset Depletion Loans for Homebuyers

Both are non-QM loan programs designed for borrowers with significant assets but limited traditional income.

• Asset Depletion Loans: Convert eligible assets into a verifiable income stream over a set period (usually 36 or 60 months).
• Asset Utilization Loans: Qualify based on your overall financial picture, including assets and liabilities, without a specific depletion calculation.

Ideal for:

• Retirees: with significant retirement savings but limited income.
• High-net-worth individuals: with substantial assets but minimal taxable income.
• Investors: with valuable real estate holdings or other investments.
• Business owners: with assets tied up in their business.

Eligible assets typically include:

• Checking and savings accounts
• Money market accounts
• Stocks, bonds, and mutual funds
• Retirement accounts (401k, IRA, etc.)
• Other verifiable liquid assets

Your total eligible assets are divided by a specific period (usually 36 or 60 months) to determine your monthly qualifying income. The chosen period depends on your debt-to-income (DTI) ratio.

Asset utilization loans don't use a fixed depletion period. Instead, the lender considers your overall asset profile, including liquidity and stability, to assess your ability to repay the loan.

• No Income Verification (Often): You may not need to provide traditional income documents like pay stubs or tax returns.
• Leverage Your Wealth: Use your existing assets to qualify for a mortgage, even with limited income.
• Flexible Property Types: Finance a variety of properties, including primary residences, second homes, and investment properties.
• Competitive Rates: Access competitive interest rates tailored to your financial profile.

Typically, you'll need to provide:

• Asset Statements: Statements from your bank, investment accounts, and retirement accounts.
• Proof of Asset Ownership: Documents verifying you own the assets.
• Other Financial Documents: May include tax returns (if available), gift letters, and proof of funds.

• Expertise: Our team specializes in asset-based lending and understands the unique needs of high-net-worth individuals and investors.
• Variety of Programs: We offer both Asset Depletion and Asset Utilization loan options, allowing us to tailor the best solution for your needs.
• Streamlined Process: We provide a seamless and efficient loan process with quick turnarounds.
• Competitive Rates & Terms: We offer competitive interest rates and flexible terms designed to meet your financial goals.