ASSET DEPLETION HOME LOANS
High Net Worth Individuals can easily qualify for the mortgage they want with no proof of income!
Asset Depletion Home Loans
High Net Worth Individuals can easily qualify for the mortgage they want with no proof of income!
What is an Asset Depletion Loan?
An asset depletion mortgage is a non-QM mortgage for high-net-worth borrowers that lets you qualify for a home loan by converting your liquid assets into qualifying income. Instead of documenting salary or business revenue, lenders divide your eligible assets (such as cash, brokerage accounts, or retirement funds) over a set period—typically 360 months—to determine monthly income. This solution is ideal for buyers who are asset-rich but income-light.
Why High Net Worth Individuals Trust LendFriend for Asset Depletion Loans?
At LendFriend Mortgage, we understand that high-net-worth individuals don’t always fit into traditional lending boxes. That’s why we specialize in asset depletion loans—a mortgage solution designed to let your wealth work for you. Whether you’re a retiree, entrepreneur, investor, or trust beneficiary, we can help you qualify for your dream home without relying on W-2s, tax returns, or business income.
Here's How LendFriend Will Help You Easily Calculate Your "Income" For An Asset Depletion Loan?
With a wide network of trusted lenders, LendFriend makes it simple for high-net-worth and non-traditional borrowers to qualify with non-QM mortgage. We turn your unique financial situation into a strength with our portfolio mortgage solutions.
Step 1: Identify Your Eligible Assets
Checking/savings accounts, CDs, money market accounts, stocks, bonds, mutual funds, retirement funds (IRAs, 401(k)s), and sometimes real estate or business equity.
Step 2: Calculate Their Valuation
Lenders won’t use 100% of every asset’s value when calculating qualifying income for an asset depletion mortgage. Instead, they apply conservative percentages to reflect market risk and liquidity.
Step 3: Convert to Monthly Income
We divide the total valuation by 360 months to arrive at your "monthly income" for purposes of calculating the debt-to-income and appropriate preapproved size of your home loan
Stronger Negotiating Position when Buying a Home
The equity in your current home is unlocked and used as a downpayment on your new home; meaning no sales contingency required! Sellers HATE sales contingencies. Without a sales contingency, your offer is stronger, increasing your chances of buying your next home with ease.
Get the Highest and Best Sale Price
Without feeling pressured to sell quickly, you can wait for the best offer on your current home. List your home at the best time, market it effectively, and attract more competitive offers. With no rush, you can negotiate better terms and get the highest selling price.
Reduced Stress
Don't worry about finding temporary housing or organizing multiple moves. Avoid the chaos of having to coordinate the sale of your current home and the purchase of a new one. Transition seamlessly from one home to another and reduce stress or anxiety, making the moving process more manageable and organized.
Time for Improvements
Make necessary renovations or updates to your new property before you move in. Painting, remodeling, or other improvements would be more challenging if you were already living there. Moving into a freshly updated home (instead of living in it during renovations) is just so much nicer!
Want to learn more about Asset Depletion Mortgages?
Talk to a LendFriend Mortgage Expert today!
Who are Asset-Based Mortgage Solutions Right For?
- Retirees living on non-W2 income
- Self-employed professionals with deductions/variable income
- High-net-worth individuals with assets but limited documentation
If you’re asset-rich but income-poor, this flexible alternative offers a way to qualify using what's in your portfolio—even without pay stubs or tax returns.
What are the Key Benefits of Asset Depletion Mortgages?
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No W‑2s, tax returns, or proof of conventional income required
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Up to $3M loan amounts available
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Works for primary residences, second homes, and investment properties
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Ability to close quickly since underwriting focuses on only asset value
FAQs: How Asset Depletion Loans Work for You
Can I combine asset depletion income with other types of income?
Yes! Many lenders will let you blend asset depletion income with other documented income sources, like Social Security, pension income, rental income, or even part-time W-2 income. This can help you qualify for a larger loan or improve your debt-to-income ratio.
How much do I need in assets to qualify for an asset depletion mortgage?
There’s no universal minimum, but as a general rule of thumb in this interest rate environment, borrowers typically need at least $1,000,000 in eligible assets to make this type of loan viable, depending on your target loan amount, debts, and lender requirements.
Can I qualify if my assets are held in a trust?
Yes — in many cases, lenders will allow trust-held assets to be used, as long as you can provide documentation proving you have full access to the funds or meet the terms of the trust that allow their use for housing purposes. This is a great option for beneficiaries using inherited wealth.
What happens if my assets change during the loan process?
If your asset balances change significantly (e.g., large withdrawals, major market losses), it could impact your qualification amount. It’s important to maintain stable balances during the application and underwriting process. Your loan officer or broker will advise on what’s safe.
Does an asset depreciation mortgage have a higher rate than a conventional loan?
Asset depletion mortgages can have slightly higher rates because they fall under non-QM (non-qualified mortgage) guidelines. However, with the right lender or broker (like LendFriend!), you can access competitive pricing that reflects your strong financial profile.
WHY CHOOSE LENDFRIEND?
At LendFriend Mortgage, we’re more than just a lender — we’re your trusted mortgage broker, dedicated to securing you the right mortgage rate for you with no hidden fees. Our user-friendly technology and transparent process make it easy to compare mortgage options, get pre-approved, and close quickly.
Around the Clock
We’re here 7 days a week, 365 days a year to help you compare mortgage rates, get pre-approved, and move forward with confidence to buy or refinance your home on your timeline.
Asset-Based Mortgage Solutions for High-Net-Worth Borrowers
Our asset depletion loans allow you to qualify using your wealth—not traditional income—so you can secure the home you want without compromise.
Get Pre-Approved Quickly
Apply online to secure a pre-approval that strengthens your offer and moves you one step closer to your new home.
Competitive Rates with No Hidden Fees
We help you secure competitive asset depletion mortgages with transparent terms—no hidden fees, no unnecessary points, just financing structured around your financial strength.
Personalized Mortgage Guidance
You’ll work closely with a dedicated mortgage expert who helps you compare loan programs, understand mortgage terms, and navigate the financing process with clarity and confidence.
Close in just 3 Weeks
Our process is built for speed. Most clients close their home loan in just 3 weeks.
Google Reviews From Happy Clients
5/5 Star Reviews on Google, Zillow, and Experience.
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We worked with the LendFriend team and could not recommend it more. As first time home buyers, there is a lot to learn - and LendFriend know how to share their knowledge with patience and professionalism.For anyone considering working with them, just go ahead and give them a call. You will not regret it.
Jesper Holdensen
Closed June 2025 -
Wow my husband and I were truly impressed with how easy the LendFriend team made our home buying experience. Eric and his team took extra care in explaining and outlining each step -- a real customer first experience. On top of that, each member of the team was incredibly knowledgeable, organized, and responsive; resulting in an expeditious close! The website promise of working around the clock to support you is 100% factual, we had staff answering questions late night and weekends. The entire team was a real pleasure to work with, so if you are looking for a mortgage broker look no further, LendFriend is the team for you! They will give you peace of mind, get you the best rates, and make you feel confident when buying your home :)
Sarah Carr
Closed May 2025 -
I had been looking for a house for 2-3 years and while it was a journey as a business owner with a difficult financial situation this company did what 6 others could not. They got me a jumbo loan based off my business income and when I needed more they just made it happen twice. This process of funding can be extremely difficult and basically a blow to the ego but Eric and his team are literally magicians and my fiancee and I are now closed on out dream house. I recommend them whole heartedly
Shawn Tassone, MD, PhD
Closed April 2025 -
LendFriend is the only place to go for mortgage brokerage services. Their unparalleled technical knowledge, relationships with a wide array of lenders, and outstanding service make them the absolute best place to secure your next mortgage.
Robert Daake
Closed March 2025 -
LendFriend was such a wonderful partner in the process of buying our first home. They were so helpful and patient in giving us guidance, and their availability to communicate was next-to-none. I can't recommend them highly enough!
Hunter Hampton
Closed February 2025 -
Highly recommend LendFriend!!! As daunting as the process can be to get pre-approved for a mortgage loan, the entire team was great that we worked with that got us to the finish line. Each team member helped us in clearly communicating each step to ensure every step was smooth, in addition being available for a quick call to walk through our questions and concerns when needed. LendFriend was also very competitive with rates and dropped our interest rate last minute right before we closed! They got the job done and made it as stress free as possible.
Ingrid Eichenberger
Closed December 2024
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The payment on a $300,000 30-year Fixed Rate Refinance Loan at 6.490% and 60% loan-to-value (LTV) with is $1,774.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.047%. The payment on a $300,000 15-year Fixed Rate Refinance Loan at 4.99% and 60% loan-to-value (LTV) is $2,370.82 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.718%. The payment on a $300,000 30 year Fixed Rate Refinance Loan (VA) at 5.25% and 60% loan-to-value (LTV) is $1,774.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.416%. The payment on a $300,000 30-year Fixed Rate Refinance Loan (FHA) at 5.25% and 60% loan-to-value (LTV) is $1,656.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.718%. Payment does not include taxes and insurance premiums. The payment on a $900,000 30-year Jumbo Refinance Loan at 5.875% and 60% loan-to-value (LTV) is $5,323.84 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.005%. The payment on a $900,000 Jumbo 7/6 ARM Refinance Loan at 5.725% and 60% loan-to-value (LTV) is $5,237.87 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.056%. Payment does not include taxes and insurance premiums. All rates assume borrower has a credit score above 780+ and are paying a 1% discount point. Some state and county maximum loan amount restrictions may apply. We don’t yet have your complete financial picture. Your actual rate and payment could be higher. Get an official Loan Estimate before choosing a loan. Loan approval is subject to underwriter review: not everyone who applies will be approved. These rates are current as of 10/4/2024 at 4:49 PM CT.
The payment on a $300,000 30-year Fixed Rate Refinance Loan at 6.490% and 60% loan-to-value (LTV) with is $1,774.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.047%. The payment on a $300,000 15-year Fixed Rate Refinance Loan at 4.99% and 60% loan-to-value (LTV) is $2,370.82 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.718%. The payment on a $300,000 30 year Fixed Rate Refinance Loan (VA) at 5.25% and 60% loan-to-value (LTV) is $1,774.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.416%. The payment on a $300,000 30-year Fixed Rate Refinance Loan (FHA) at 5.25% and 60% loan-to-value (LTV) is $1,656.61 on a property in the state of Texas. The Annual Percentage Rate (APR) is 5.718%. Payment does not include taxes and insurance premiums. The payment on a $900,000 30-year Jumbo Refinance Loan at 5.875% and 60% loan-to-value (LTV) is $5,323.84 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.005%. The payment on a $900,000 Jumbo 7/6 ARM Refinance Loan at 5.725% and 60% loan-to-value (LTV) is $5,237.87 on a property in the state of Texas. The Annual Percentage Rate (APR) is 6.056%. Payment does not include taxes and insurance premiums. All rates assume borrower has a credit score above 780+ and are paying a 1% discount point. Some state and county maximum loan amount restrictions may apply. We don’t yet have your complete financial picture. Your actual rate and payment could be higher. Get an official Loan Estimate before choosing a loan. Loan approval is subject to underwriter review: not everyone who applies will be approved. These rates are current as of 10/4/2024 at 4:49 PM CT.
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