“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 Mortgage Loans in Florida for High-Net-Worth Borrowers
Use your assets, not just traditional income, to qualify for a mortgage in Florida’s high-value housing markets. Asset depletion mortgage loans can help high-net-worth borrowers purchase or refinance homes in Panama City Beach, Palm Beach, Naples, Boca Raton, Tampa, Orlando, and other luxury Florida markets.
Why Homebuyers Trust Us for Asset Depletion Mortgages in Florida
We specialize in asset depletion mortgage solutions that help high-net-worth borrowers in Florida convert their wealth into qualifying income. Whether you're a retiree with significant savings, an entrepreneur with substantial investments, a trust beneficiary, or a real estate investor, we make asset depletion loans simple to qualify for, without W-2s or tax returns.
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Asset Depletion Mortgage Experts
With over $1.5 billion in mortgages originated since 2018, we work with top asset-based mortgage lenders to structure smart, flexible financing solutions tailored to your financial profile.
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No Tax Returns Required
Qualify using your existing assets alone. Brokerage accounts, retirement funds, pensions, annuities, and savings are all used to determine eligibility. No traditional income documentation needed.
High Loan Amounts Up To $10M
Buying a luxury home in Florida? LendFriend Mortgage helps you qualify for larger loan amounts using eligible investment and retirement assets through flexible jumbo asset depletion mortgage programs.
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Fast Approvals and Closings Across Florida
Get pre-approved in as little as 24 hours, with smooth, efficient closings in as little as 30 days. We help clients secure homes quickly, from Naples to Orlando to Tampa in just 14 days.
Who Qualifies for Asset-Based Mortgage Solutions?
- Retirees in Florida living on investment income, retirement accounts, or pensions instead of W-2 earnings
- Self-employed professionals with complex tax returns, heavy write-offs, or inconsistent monthly income
- High-net-worth individuals (HNWIs) with substantial assets but limited or non-traditional income documentation
If you’re asset-rich but income-light, this is a flexible and tax-efficient way to qualify for a mortgage using your portfolio. In Florida’s high-value and retiree-driven markets, working with an experienced asset-based mortgage specialist like LendFriend Mortgage can make all the difference in structuring the right financing solution.
Benefits of Asset Depletion Mortgages in Florida
Asset depletion mortgages give financially established borrowers greater control over how they purchase or refinance Florida real estate. LendFriend Mortgage provides access to flexible jumbo and Non-QM programs designed for clients whose balance sheets are stronger than their reported income.
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Access super jumbo financing. Loan options may reach $10 million and beyond for qualified borrowers purchasing luxury and high-value properties, whether in Coral Gables, Palm Beach or Jupiter intercoastal.
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Finance multiple property types. Asset depletion loans may be used for primary residences, second homes, and investment properties across Florida.
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Reduce underwriting friction. A well-prepared asset file can eliminate much of the income documentation required by conventional mortgage programs.
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Preserve liquidity. Keep more capital available for investments, reserves, renovations, or other financial priorities.
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Avoid unnecessary taxable sales. Borrowers may be able to purchase without liquidating appreciated securities or disrupting a broader wealth strategy.
From waterfront residences and luxury condominiums to second homes and investment properties, LendFriend Mortgage helps Florida buyers use their existing wealth to secure the financing they need, including Florida jumbo loans for purchases above conforming limits.
Get an Asset Depletion Loan Rate Quote
Why Florida Buyers Use Asset Depletion Financing
Many Florida buyers have substantial wealth held in brokerage accounts, retirement funds, business interests, and other investments, but limited traditional income on paper. LendFriend Mortgage helps these borrowers qualify based on the strength of their assets rather than forcing a high-value loan through standard W-2 and tax-return guidelines.
Asset depletion financing is especially valuable for retirees, business owners, executives, and high-net-worth buyers purchasing in Naples, Palm Beach, Boca Raton, Miami, Tampa, and other leading Florida markets.
Where a Davis Islands or Snell Isle purchase runs past the conforming limit, the same asset-based income can support a Tampa Bay jumbo loan without selling a position.
Tampa Bay buyers can see how jumbo asset depletion loans in Pinellas County handle a Snell Isle purchase or a Belleair cash-out refinance, and compare the best jumbo loan lenders in Pinellas County before choosing a program.
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Qualify without conventional income documentation. Eligible investment, retirement, and cash assets can be used to establish qualifying income without W-2s, paystubs, or traditional tax-return underwriting.
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Protect long-term portfolio positions. Avoid selling investments solely to qualify for financing or increase the size of your down payment.
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Compete for high-value Florida properties. LendFriend Mortgage reviews the file upfront and can provide pre-approvals in as little as 24 hours for qualified borrowers.
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Secure the right asset depletion program. LendFriend Mortgage evaluates the full financial profile and matches the loan with a lender suited to the borrower’s assets, property, and financing goals.
Asset Depletion Options Beyond Florida
Many of our Florida clients keep a primary residence in another state, and the qualification method travels with them. Snowbirds who split the year between Naples or Boca Raton and the Jersey Shore can qualify for New Jersey asset depletion loans on the same portfolio. Buyers moving between Palm Beach and Dallas or Austin can do the same with a Texas asset depletion loan.
Up the Atlantic coast, Ponte Vedra and Amelia Island buyers often weigh those markets against Sea Island and St. Simons, where Georgia asset depletion loans qualify a second home on portfolio strength. The comparison extends to Hilton Head Island, Kiawah, and Charleston, where a South Carolina asset depletion loan covers Lowcountry purchases.
Florida families who spend summers in Highlands, Cashiers, or Asheville can finance a mountain home through a North Carolina asset depletion loan, with the same eligible accounts and reserve requirements as a Florida purchase.
Whether your search stays on the Florida coast or extends to a second home in another state where LendFriend is licensed, the financing can be settled before you write an offer.
How LendFriend Turns Your Assets Into Qualifying Income in Florida
As an experienced mortgage broker, we guide Florida homebuyers through the asset depletion process step by step, maximizing your approval under Fannie Mae, Freddie Mac, and Non-QM asset-based lending guidelines.
Step 1: Identify Your Eligible Assets
We start by reviewing the assets that can be used to qualify. This typically includes checking and savings accounts, CDs, brokerage accounts, stocks, bonds, mutual funds, IRAs, and 401(k)s. In some cases, additional assets like real estate holdings or business equity may also be considered.
Step 2: Apply Asset Valuation
Not all assets are counted at full value. Lenders apply a conservative percentage based on liquidity and risk to create a stable, usable asset base to ensure your qualifying income is reliable and consistent.
Step 3: Convert Assets Into Monthly Income
Your eligible assets are then divided over 60 or 120 months to calculate a qualifying monthly income. This income is used to determine your debt-to-income ratio and loan amount—allowing you to qualify without W-2s, pay stubs, or tax returns.
Asset Depletion Loans We’ve Closed for Florida Borrowers
Retirees, relocating executives, founders, and long-time homeowners across Florida qualify on what they own when the tax return understates what they can afford. Asset depletion guidelines change from one lender to the next, so we run each file across 40+ investors and match the borrower’s assets, goals, and property to the program that fits. These are real scenarios with names and identifying details changed for privacy.
Chicago Couple Buys $3.4M Snell Isle Home Without Selling Stock
A couple relocating from Chicago purchased a $3.4M waterfront home on Snell Isle with about $5M in assets, most of it a brokerage account carrying large unrealized gains. They put $1M down and we qualified the $2.4M jumbo asset depletion loan on the remaining portfolio, so the capital gains tax stayed on their schedule rather than the closing date.
Gulf Breeze Cash-Out Refinance Diversifies Into Stocks
A Gulf Breeze homeowner with a property worth about $4M wanted a $2.5M cash-out refinance to move $1M of equity into the stock market. Asset depletion qualified the larger payment on his existing investments, and the refinance closed with the proceeds invested outside the property.
Retired Executives Close $2.6M Boca Raton Purchase on Portfolio Income
A retired couple purchasing a $2.6M home in Royal Palm Yacht & Country Club held their wealth in IRAs and a brokerage account, with no W-2 income to show a bank. We converted those assets into monthly qualifying income for a $1.7M mortgage, and they closed in roughly three weeks without drawing down the retirement accounts.
Naples Founder Finances $3.8M Home After a Business Sale
A founder who had recently sold his company was purchasing a $3.8M home in Pelican Bay with the sale proceeds sitting in a brokerage account and no salary behind them. A $2.3M jumbo asset depletion loan qualified him on the portfolio alone, and he kept the balance invested rather than paying cash.
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!
Start Your Asset Depletion Mortgage in Florida Today
Get expert guidance and fast pre-approval with LendFriend.
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.”
5/5 Star Reviews on Google, Zillow, and Experience.
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
What is an asset depletion mortgage in Florida?
An asset-depletion mortgage is a Non-QM loan that allows Florida homebuyers to qualify using their assets rather than traditional income. Lenders convert eligible assets into monthly income to determine loan eligibility.
Can I Use an Asset Depletion Loan for a Cash-Out Refinance in Florida?
Yes, you can use an asset depletion loan for a cash-out refinance in Florida. Qualified borrowers can leverage their home equity without relying on traditional income documentation like W-2s or tax returns. Many high-net-worth homeowners use cash-out refinancing to diversify investments, increase liquidity, or invest in opportunities like the stock market while keeping their existing portfolio intact.
Do I need W-2s or tax returns to qualify?
No. Asset depletion loans are designed to qualify borrowers without W-2s, pay stubs, or tax returns. Approval is based entirely on your verified asset portfolio.
How do you calculate income from my assets?
We divide your eligible assets over a fixed period (commonly 60–120 months) to create a monthly qualifying income, which is then used to determine your loan amount and debt-to-income ratio.
Can I buy a home in Florida with no income at all?
Yes. If you have sufficient qualifying assets, you can still qualify even with little or no traditional income, as long as your asset-based income calculation supports the loan.
What loan amounts are available?
Depending on your assets and profile, borrowers in Florida can often qualify for loans up to $10 million or more through asset-based lending programs.
Will I have to sell my investments to qualify?
No. You do not need to liquidate your investments. Your assets are only used to calculate qualifying income while remaining fully invested.
Can I use crypto as an asset for a Florida asset depletion mortgage?
Yes. Eligible Bitcoin and Ethereum holdings can be used in certain crypto mortgage programs as part of an asset depletion calculation. The lender assigns an eligible value to your crypto and converts it into monthly qualifying income, allowing you to qualify without selling or pledging your digital assets as collateral. A Florida crypto mortgage can also combine eligible crypto with stocks, retirement accounts, cash, and other qualifying assets to support your mortgage approval. In Florida, the large-balance version of this structure is a jumbo crypto mortgage, which counts the same Bitcoin and Ethereum holdings.
What credit score does a Florida asset depletion loan require?
Florida asset depletion programs generally call for a 700 or higher credit score, since these are Non-QM loans designed for high-net-worth borrowers using alternative documentation. Scores of 780 and above earn the best pricing. The tiers are covered in how your credit score affects your mortgage rate.
What is the minimum down payment for a Florida asset depletion loan?
Plan on at least 15% down for a Florida purchase, with 20% opening up noticeably better pricing. The lender subtracts the down payment and closing costs from your assets before running the income calculation, so the balance left over is what counts. See jumbo Non-QM down payments explained for the tiers.
Why Work With a HNW Mortgage Broker Who Understands Asset-Based Lending?
At LendFriend Mortgage, we’re more than just a lender — we’re your trusted HNW mortgage broker, dedicated to helping you qualify for the right asset-backed loan without the burden of traditional documentation. As a top-tier asset-based mortgage lender, we specialize in mortgages for high-net-worth individuals who prefer flexible solutions like asset depletion loans and non-QM mortgages.
Our user-friendly tech and transparent process make it easy to compare loan options, get pre-approved, and close—quickly.
Around the Clock
We’re available 7 days a week, 365 days a year to help you compare rates, explore asset-based lending options, and move forward confidently—whether you're buying, refinancing, or upgrading.
Asset-Based Mortgage Solutions for High-Net-Worth Borrowers
Our asset depletion mortgage programs allow you to qualify based on your assets—not traditional income—so you can secure the home you want without compromise or delay.
Get Pre-Approved Quickly
Apply online to get pre-approved for an asset-based loan in minutes. It’s the fastest way to strengthen your offer and move forward with confidence.
Competitive Rates with No Hidden Fees
We help you secure competitive asset depletion loans with fair, transparent pricing—no junk fees, no unnecessary points, just financing that reflects your financial strength.
Personalized Mortgage Guidance
You’ll work one-on-one with a dedicated mortgage expert who specializes in asset-based loans and will guide you through the best-fit programs based on your net worth and financial strategy.
Close in just 3 Weeks
Our process is built for speed. Most asset-based loans and non-QM mortgage products can close in just 3 weeks—often faster than conventional financing.
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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Other Non-QM Mortgage Solutions for Florida Borrowers
When an asset depletion mortgage is not the best fit, LendFriend Mortgage can place Florida borrowers in another Non-QM loan through more than 40 wholesale lenders.
No-Ratio Loans
Approval rests on credit, equity, reserves, and mortgage history, with no debt-to-income ratio. No-ratio loans are limited to primary residences.
Bank Statement Loans
Self-employed borrowers in Miami, Naples, and Tampa may qualify with a bank statement loan that uses 12 or 24 months of deposits, not tax-return income.
DSCR Loans
Investors may finance a Florida rental with a DSCR loan that qualifies on the property’s rental income, not personal tax returns or W-2s.