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In other words, if you have amassed enough liquid money to live off of the dividends, then this program is likely ideal for you.
There are two ways to qualify for this type of program:
1. ASSET DEPLETION - Sometimes referred to as "Asset Annuitization". This means that in order to calculate the income for your new loan, we take the total qualifying liquid assets, and then divide by a certain amount of months.
2. ASSET MATCHING - This means that we compare the amount of remaining liquid assets (after removing the down payment, settlement charges, and reserves), and compare it to the new loan amount. If the remaining assets are larger than the new loan amount, then the loan qualifies from an income standpoint.
Now you can put your money to work for a mortgage, just like it does with your other financial endeavors.
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(MONTHS)
(MONTHS)
(AFTER DOWN PAYMENT/ SETTLEMENT CHARGES/ RESERVES)
MATCHING
(for 2024)
HERE IS A COMPARISON OF A CONVENTIONAL LOAN PROGRAM VS OUR OWN PRIVATE CLIENT PORTFOLIO PROGRAM.
There are several types of loan programs in the marketplace that offer an ASSET-BASED INCOME APPROACH (sometimes referred to as 'Asset Depletion' approach), but the most common example is a traditional Conventional loan program.
CONVENTIONAL
(Fannie Mae)
Maximum Loan Size:
$766,550
BASIC INCOME FORMULA:
Total Liquid Assets Minus Transaction Costs (Down Payment + Settlement Charges + Reserves)
…then divide that number by 360 months.
IF THE APPLICANT HAS
$750,000
LEFT OVER AFTER CLOSING, THE INCOME CALCULATION WOULD BE
$ 2,083/mo
The resulting figure becomes monthly income that the lender uses to qualify the applicant.
PRIVATE CLIENT PORTFOLIO
Maximum Loan Size:
$3MM
INCOME BASIC FORMULA:
Total Liquid Assets Minus Transaction Costs (Down Payment + Settlement Charges + Reserves)
…then divide that number by 240 months.
+ additional underwriter discretionary income (proprietary calculation)
IF THE APPLICANT HAS
$750,000
LEFT OVER AFTER CLOSING, THE INCOME CALCULATION WOULD BE
$ 3,125/mo - $4,500/mo
The resulting figure becomes monthly income that the lender uses to qualify the applicant.
AGE MINIMUMS:
If you are living off of your liquid assets, we would be delighted to discuss your scenario and answer all of your questions. We would also be happy to arrange a conversation with your financial professional to ensure that program fits into your long-term financial plans.
Remember, stop letting these banks and credit unions tell you NO,
when we have more reasons to say YES.
An asset-based loan—also known as an asset depletion mortgage—allows borrowers to qualify using their liquid assets instead of income. Lenders calculate your ability to repay based on the value of your bank, brokerage, or retirement accounts.
Asset depletion loans are ideal for retirees, high-net-worth individuals, and self-employed borrowers with substantial liquid assets but low reportable income. These loans are common for those who don’t receive regular paychecks but have significant savings or investments.
Instead of using W-2 income, lenders divide the total eligible assets by a set number of months (usually 60 to 120) to determine a monthly “income” figure. This number is then used to calculate debt-to-income (DTI) ratios for loan approval.
No. You don’t need to liquidate or withdraw assets to qualify. Lenders use the current balance and type of account (checking, savings, stocks, retirement, etc.) to determine your ability to repay—no sales required.
Eligible assets typically include:
Some lenders discount retirement accounts depending on your age and withdrawal eligibility.
Yes, in many cases. Asset-based loans often require no employment verification or tax returns. They are part of the non-QM (non-qualified mortgage) category and are designed for borrowers with wealth but unconventional income documentation.
Yes! You can use an asset-based mortgage to purchase a primary residence, second home, or even an investment property—as long as you meet the asset requirements and credit guidelines.
Absolutely. Asset depletion loans are popular for refinancing, especially for borrowers who’ve recently retired or transitioned out of traditional income sources but still hold substantial wealth.
Yes. We can coordinate closings at U.S. Embassies or Consulates for your convenience.
Yes. Through your U.S. entity, you can purchase and own investment property without residing in the United States.
Yes. Many asset-based loan programs allow for cash-out refinancing, which lets borrowers unlock equity for investment, retirement planning, or other large expenses without showing regular income.
Lenders usually want to see enough assets to cover the loan term or at least 3–5 years of expenses. Minimum requirements vary but often start at $500,000 to $1,000,000 in liquid, verifiable assets.
This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.