Asset Depletion Loans
LEVERAGE YOUR LIQUID ASSETS AS INCOME FOR QUALIFYING
An Asset Depletion Loan allows you to use the current cash value of your liquid assets – instead of traditional income sources such as pay stubs and tax returns – to demonstrate your ability to afford timely mortgage payments. This program is ideal for borrowers who have adequate liquid assets but lack traditional employment and/or methods of income verification.
✅ Non-retired and retired borrowers are eligible
✅ 100% of face value including stock, mutual funds, vested stock options, cash out proceeds, etc., regardless of borrower's age
✅ Not penalized on rates for leveraging your assets
✅ You can couple asset depletion income with other forms of income
✅ 75% maximum loan-to-value ratio (LTV)
✅ All occupancy and collateral types are allowed
✅ Funds are not pledged, and no required depository relationship
✅ Up to 50% debt-to-income ratio (for FICO scores >650)
How It Works
With an Asset Depletion Loan, your income is calculated by dividing your total liquid assets over 360 months. Assets that qualify as liquid assets include retirement accounts, investment accounts, checking accounts, savings accounts, stocks, bonds, CDs, etc. You can use 100 percent of your cash and non-retirement investment accounts in calculating your total liquid assets.
Approved In As Little As
15 Minutes
IT’S EASY WHEN YOU HAVE AN INITIAL APPROVAL
Want to feel good about making a strong offer on your dream home?
Get an initial approval for your loan almost instantly
when you work with independent mortgage professionals like us. Our cutting-edge process lets us do what big banks and retail lenders can’t and give you an initial loan approval in as little as 15 minutes — even on the weekends!
You’ll also enjoy greater transparency so you can gather any paperwork you need ahead of time and make sure your loan goes through as smoothly as possible.
Testimonials
NMLS ID #1416824
For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. E Mortgage Capital, Inc. d/b/a E Mortgage Capital, NMLS# 1416824. Equal Housing Lender
(NMLS consumer access: https://www.nmlsconsumeraccess.org/_)