“I’m in early retirement and currently have no traditional income, and I needed a loan to purchase a new home. I assumed getting financing under those circumstances was going to be extremely difficult, if not impossible.
LendFriend made what seemed impossible surprisingly simple. They understood my situation, found a way to make the loan work, and most importantly, got everything closed on time.
There were a few occasions when some of my less important questions didn’t get a response as quickly as I would have liked, but I’m more than willing to overlook that given the end result. When it mattered, LendFriend delivered.
I’m now in my new home, and I’m very grateful for their help making it happen. I would definitely recommend them, particularly to someone whose financial situation doesn’t fit neatly into the traditional mortgage box.”
Asset Depletion Mortgages for High-Net-Worth Borrowers
Use your investment portfolio, retirement accounts, and other eligible assets to qualify for a mortgage without W-2 income or tax returns. Nothing is pledged, sold, or moved. LendFriend helps high-net-worth borrowers access asset depletion and jumbo mortgage options while keeping their wealth invested.
What is an Asset Depletion Loan?
An asset depletion mortgage converts your eligible liquid assets into monthly qualifying income. The lender totals your accounts, subtracts the down payment and required reserves, applies a discount by account type, and divides the balance over a set number of months. The result is treated as income when the lender reviews your debt-to-income ratio. The method is also called asset dissipation or asset amortization.
Rather than relying on salary, W-2s, or tax returns, the lender applies that formula to cash, brokerage accounts, stocks, bonds, mutual funds, and retirement accounts. Retirees, business owners, investors, executives, and other high-net-worth borrowers use asset depletion when their financial strength sits in investments and savings instead of earned income. Borrowers qualify without selling a large portion of their portfolio or taking unnecessary taxable distributions, which preserves long-term investments and liquidity.
Every lender sets its own discounts, divisor, and reserve rules. The same portfolio can qualify for very different loan amounts at two lenders, which is why shopping the program matters as much as the assets themselves. Depending on the program, financing is available for primary residences, second homes, investment properties, and jumbo loan amounts.
Why Homebuyers Trust LendFriend for Asset Depletion Loans
We specialize in asset-based mortgages that convert your wealth into qualifying income. Whether you’re a retiree with a significant assets, an entrepreneur with large savings, or a trust beneficiary, we help you qualify without the headaches of W-2s and tax returns.
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Asset Depletion Loan Experts
We have originated more than $1.5 billion in mortgages since 2018, placing borrowers with the leading asset depletion programs across our lender network.
Assets Stay Invested
Nothing is pledged, liquidated, or moved. Your accounts remain at Schwab, Fidelity, Vanguard, or wherever they sit today, and your statements do the qualifying.
Loan Amounts Up To $10 Million
Leverage eligible investment, retirement, and cash assets to qualify for jumbo asset depletion loans up to $10M for luxury homes, second homes, and investment properties.
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Fast Approvals Nationwide
Get pre-approved for an asset depletion loan in as little as 24 hours. LendFriend has helped clients purchase luxury homes from California to Florida, with streamlined files closing in as little as 14 days.
Get an Asset Depletion Loan Rate Quote
Asset Depletion Loans We’ve Closed After Banks Said No
We help retirees, high-net-worth borrowers, business owners, investors, and clients with significant assets qualify for mortgage financing without W-2 income or tax returns. Because asset depletion guidelines vary widely by lender, we shop across 40+ investors to find the right fit for each borrower's assets, goals, property type, and loan scenario. These are real scenarios with identifying details changed for privacy.
Houston Buyer Closes $1.6M New Construction
A buyer purchasing a $1.6M new construction home in Houston with a $1.3M mortgage was turned down by the builder’s lender, putting the purchase and the builder credits at risk. We used eligible assets as qualifying income instead of traditional income, the loan closed, and the builder honored the credits.
Florida Cash-Out Refinance To Diversify Assets
A Gulf Breeze, Florida homeowner wanted a $2.5M cash-out refinance on a high-value home, taking $1M out for liquidity and investment flexibility. Tax returns did not support the new payment on their own, so we qualified the loan on eligible assets and the proceeds were redeployed into the stock market.
Avalon, NJ Homeowner Pulls $2M From a Free-and-Clear $8M Home
An Avalon, New Jersey homeowner owned an $8M beach home free and clear and wanted a $2M cash-out refinance to invest in a startup and fund retirement living. With no income on paper to support the new payment, we used eligible assets as qualifying income and closed the $2M cash-out.
Retirees Buy Dream Home in Charlotte, North Carolina
Retired borrowers were purchasing a $750K home in Charlotte, NC with a $550K mortgage. Their assets were strong but their income documentation did not reflect it, so we converted eligible retirement and brokerage assets into qualifying income and they closed without employment income.
Asset Depletion Mortgage Solutions Across Key States
LendFriend helps high-net-worth borrowers, retirees, business owners, and investors qualify for asset depletion mortgages across major housing markets throughout the U.S., including Texas, Florida, California, Georgia, and New Jersey. These programs allow eligible borrowers to use brokerage accounts, retirement funds, and other qualifying assets to support mortgage approval when traditional income does not fully reflect their financial position.
- In Texas, we help borrowers use brokerage accounts, retirement savings, and other eligible assets to qualify for high-value home purchases without depending on traditional employment income. Buyers in Austin, Dallas, and Houston use asset depletion loans to finance homes in markets such as Westlake, Highland Park, and Memorial without having to sell significant investments.
- In Florida, asset depletion mortgages are a strong option for retirees, second-home buyers, and high-net-worth borrowers whose wealth is concentrated in investment accounts, trusts, or retirement assets. These programs can help borrowers qualify for homes across Florida without relying heavily on W-2 income or tax returns.
- In California, asset depletion financing gives high-net-worth borrowers another way to qualify for luxury homes while keeping more of their investment portfolio intact. Jumbo asset depletion loans in Orange County are particularly useful along the coast, where larger purchase prices often require more flexibility than traditional income-based underwriting provides.
- In Georgia, we work with executives, business owners, investors, and retirees buying homes throughout Atlanta and its surrounding luxury markets. Jumbo asset depletion loans in Fulton County can help buyers in Buckhead, Johns Creek, and other higher-priced communities qualify using eligible assets rather than salary alone.
- In New Jersey, asset depletion financing is available for high-value primary residences and second homes from North Jersey to the Shore. Buyers in Deal, Rumson, Spring Lake, and other coastal communities can use jumbo asset depletion loans at the Jersey Shore to qualify for larger mortgages without having to liquidate a significant portion of their investments.
LendFriend also provides asset depletion mortgage options across additional markets we serve, including Illinois, Virginia, and North Carolina. With access to a broad network of Non-QM and asset-based mortgage lenders, we can help qualified borrowers find asset depletion loan options that fit larger loan amounts, complex financial profiles, primary residences, and second homes.
Who Is Best Suited for an Asset Depletion Mortgage?
Asset depletion mortgages are particularly well-suited for high-net-worth borrowers with substantial investment portfolios, retirement savings, or other eligible assets who may have limited traditional income. These programs allow qualified borrowers to leverage their wealth to purchase or refinance a home without relying on W-2 income, tax returns, or regular portfolio distributions.
Borrowers who benefit most from asset depletion mortgages include:
- Corporate executives with substantial company stock, vested RSUs, brokerage accounts, and other investments.
- Private equity and investment professionals with significant investment portfolios whose compensation includes bonuses, carried interest, distributions, or other variable income.
- Retirees and financially independent borrowers with substantial retirement savings and investment portfolios who no longer receive traditional employment income.
- Business owners following a sale or liquidity event who hold significant proceeds in cash, brokerage accounts, or other eligible investments.
- Trust beneficiaries with substantial eligible trust assets whose distributions may be irregular or difficult to document under conventional guidelines.
- High-net-worth real estate investors with significant liquid assets who want to finance additional properties without relying on rental income or tax returns.
LendFriend Mortgage specializes in helping high-net-worth borrowers secure competitive asset depletion mortgages, including jumbo loans for luxury primary residences and second homes. With access to a broad network of Non-QM lenders, we help clients maximize the qualifying value of their eligible assets while preserving their investment portfolios.
How LendFriend Turns Your Net Worth Into Qualifying Income For An Asset Depletion Mortgage?
As an experienced mortgage broker, we guide you through the process step by step and maximize your approval under Fannie Mae, Freddie Mac or Non-QM loan asset depletion guidelines.
Step 1: Identify Your Assets
We’ll list accounts that count toward your qualifying income—checking, savings, CDs, brokerage accounts, stocks, bonds, mutual funds, IRAs, 401(k)s, and in some cases, real estate or business equity.
Step 2: Calculate Their Valuation
Lenders don’t count every dollar equally. They apply a conservative percentage to reflect liquidity and potential market swings. Use our Asset Depletion Mortgage Calculator to estimate how your assets may be valued.
Step 3: Convert to Monthly Income
Your eligible assets are divided over 60 or 120 months to create a monthly qualifying income. This figure determines your DTI and loan size—so you can qualify without W-2s, pay stubs, or tax returns.
Want to learn more about Asset Depletion Mortgages?
Talk to a LendFriend Mortgage Expert today!
What High-Net-Worth Borrowers Say About LendFriend
See what retirees, business owners, and other high-net-worth borrowers utilizing Asset Depeltion Mortgages say about qualifying with LendFriend Mortgage when a tax return did not tell the full story.
“They were very helpful throughout the whole process, professional and answered all our questions/concerns in a timely manner. They provided us with the best interest rate, would definitely recommend them to others!”
“I had a great experience working with Michael and his team at LendFriend Mortgage, including Kevin, Morgan, and Chelsey, on a non-QM loan for my new construction home.
I chose Michael because he understood my situation and had a clear strategy for structuring the loan around my needs. We worked together for about six months, and when construction delays and unexpected challenges came up, the team stayed flexible and helped me navigate the changes.
What stood out most was Michael’s willingness to advocate for me. When unfavorable circumstances arose late in the process, he worked hard with the lender to secure more favorable terms. I really appreciated the effort he put into helping me get the best possible outcome.
Their refinance benefit was another reason I chose LendFriend. Knowing they offer assistance with eligible refinance costs, subject to the program’s terms, made me feel better about having a long-term relationship with the team.
I’m grateful for their persistence and support throughout the process. I would absolutely recommend LendFriend, especially to anyone exploring non-QM financing, and I plan to work with them again.”
“I had such a great experience working with Eric at LendFriend. He was awesome from start to finish! Quick, helpful, and made the whole mortgage process feel so much easier. He was always responsive and on top of everything, which I really appreciated during such a big life moment. I’d definitely recommend Eric and LendFriend to anyone looking for a smooth and stress-free lending experience!”
“The lend friend team was great.
They had a team that was attentive and prompt helping me to get through a <30 day closing, including financing. Their communication was clear, on time, and they were super knowledgeable when I did have questions.
My favorite part was how easy it all was, I didn’t need 10+ different contacts across 3-4 different companies, they handled it all exceptionally well.
Kudos to Eric and the team!”
“Wow! LendFriend was one of the most professional and down right enthusiastic companies I’ve been fortunate enough to work with. From what looked like a complicated lending opportunity to the smallest details the team at LendFriend was a highlight of the sometimes stressful process of buying a home. I will always recommend them and publicly thank each one of the team for their support and friendly approach to doing business.”
See How Much Mortgage Your Assets Could Support
Use our Asset Depletion Mortgage Calculator to estimate how your savings, investment accounts, retirement funds, and other eligible assets could be used to qualify for a mortgage without relying entirely on traditional income.
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FAQs: How Asset Depletion Loans Work for You
Is an asset depletion loan a type of no-income-verification mortgage?
Yes. An asset depletion loan is a type of no-income-verification mortgage that allows eligible borrowers to qualify using liquid assets instead of traditional income documentation such as W-2s, pay stubs, or tax returns.
Lenders review eligible assets such as brokerage accounts, retirement funds, and cash reserves, then convert a portion of those assets into monthly qualifying income. Asset depletion financing is commonly used by retirees, investors, business owners, and other high-net-worth borrowers whose financial strength is better reflected by their balance sheet than their taxable income.
Asset Depletion Loan Example: A borrower with $5M in liquid assets uses $1M for a down payment. The remaining $4M can be converted into qualifying monthly income under the lender’s asset depletion formula, potentially supporting a jumbo mortgage without relying on W-2s or tax returns.
Can I combine asset depletion income with other types of income?
Yes! Many asset depletion mortgage lenders allow you to blend asset depletion income with other income sources such as Social Security, pensions, rental income, or even part-time W-2 wages. This increases your total qualifying income and strengthens your debt-to-income ratio—especially if you’re pursuing a jumbo asset-backed loan under Fannie Mae or Freddie Mac guidelines.
How much do I need in assets to qualify for an asset depletion mortgage?
While requirements vary, most asset depletion loan programs require at least $1 million in eligible assets (cash, brokerage accounts, retirement funds, etc.) to qualify. Some lenders allow smaller balances for conforming loan amounts, while jumbo asset depletion mortgages typically require higher asset levels. A mortgage broker can guide you based on your loan size, property type, and investor requirements.
Can I qualify if my assets are held in a trust?
Yes — many asset-based lenders accept trust-held assets, retirement accounts, and even digital assets if you can verify access and liquidity. As long as your trust documents allow funds to be used for housing purposes, they can be included in your asset depletion income calculation. This flexibility makes asset depletion mortgages popular with retirees, trust beneficiaries, and investors.
Can I use crypto as an asset for an asset depletion mortgage?
What's the minimum down payment required for an asset depletion loan?
Typically, lenders will require using a down payment of at least 15% when purchasing a home using a asset depletion loan, although 20% will give you access to much better pricing.
What credit score do I need for this program?
Asset depletions loans require a 700+ credit score, since these are non-QM loans designed for high-net-worth borrowers using alternative income documentation. However, if you want the best rate you should aim for a 780+ credit score.
How does asset-based lending work?
Asset-based lending qualifies borrowers using their portfolios instead of employment income. Lenders calculate eligibility from stocks, bonds, retirement accounts, and cash equivalents, applying valuation percentages to assess liquidity. Because the process focuses on financial resources rather than salaries, asset-based lending provides financing options for high-net-worth individuals, retirees, and business owners with complex income.
What is the asset depletion method for borrowers?
The asset depletion method treats eligible holdings like savings, investments, and retirement accounts as income streams. Lenders divide total assets over a set loan term to calculate monthly qualifying income. This approach makes the asset depletion method ideal for wealthy borrowers, retirees, or self-employed individuals with substantial portfolios but limited documented earnings.
What if most of my wealth is in real estate instead of liquid assets?
An asset depletion loan generally requires eligible liquid assets, such as cash, stocks, bonds, or retirement accounts, to calculate qualifying income. When most of your wealth is tied up in property, a no-ratio mortgage loan may be a better fit because qualification can focus on real estate equity, credit, mortgage history, and reserves without using a traditional debt-to-income ratio. The key differences between asset depletion and no-ratio loans come down to where your wealth is held, how qualifying income is determined, and the rates available.
Can I use an asset depletion mortgage to buy a second home?
Yes. An asset depletion mortgage can be an excellent option for high-net-worth borrowers looking to purchase a vacation property or second home without relying on traditional employment income. Instead of using W-2s or tax returns, qualified borrowers can leverage eligible brokerage accounts, retirement savings, and other liquid assets to qualify for a second home mortgage. LendFriend offers jumbo asset depletion loans for second homes, helping buyers finance higher-value properties without having to liquidate significant investments or establish regular portfolio withdrawals.
Learn More About Asset Depletion Loans
Our Learning Center gives you access to everything you need to know about asset depletion loans, including how lenders calculate qualifying income from your assets, which accounts may be eligible, how asset depletion compares with other retirement loan options, and how these programs can be used when buying a home or refinancing an existing mortgage. Read some of our favorite articles below.
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Looking for other Tailored Non-QM Mortgage Solutions
Having access to hundreds of investors, LendFriend Mortgage is able to find the right financing solution for almost any borrower. That also means that we can make it easy on borrowers who traditionally have a hard time getting financing!
Buy Before You Sell
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Bank Statement Loans
A self-employed mortgage for entrepreneurs and business owners who want to qualify using personal or business bank deposits instead of traditional tax-return income.
No Ratio Loans
Qualify for a mortgage without traditional income verification or debt-to-income calculations, using your credit, assets, and overall financial profile.