“Financing a home with acreage and unconventional retirement income can be overwhelming, but LendFriend Mortgage made the process smooth from beginning to end.
They were always quick to respond, answered every question we had, and explained each step in a way that was easy to understand. We always had direct access to the people actually working on our loan, which made the experience much less stressful.
What really stood out was that even after the loan funded, they continued helping and making sure we understood the next steps. There was never a feeling of ‘the loan closed, good luck.’
We truly appreciated the patience, communication, and support throughout the entire process and would absolutely recommend LendFriend Mortgage, especially for anyone with a unique financial situation or rural property purchase.”
Asset Depletion Loans in Ohio for High Net Worth Borrowers
Use your assets, not just traditional income, to qualify for a mortgage in Ohio's high-value housing markets. Asset depletion loans can help high-net-worth borrowers purchase or refinance homes from Indian Hill and New Albany to Hunting Valley and the Lake Erie shore.
How LendFriend Structures Asset Depletion Loans in Ohio
Ohio homebuyers come to us with wealth held in business equity, family-business holdings, executive compensation, and investment portfolios, and their income often doesn't match the W-2 pattern conventional mortgage underwriting expects. An asset depletion loan was built for exactly that profile.
We work with Indian Hill executives in Cincinnati, family-business owners in Hunting Valley and Gates Mills, and professionals in New Albany and Dublin. Each gets matched to an asset depletion loan, a no income verification mortgage, or a jumbo Non-QM mortgage that fits how their assets are held.
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Asset Depletion Loan Experts
Our team has originated more than $1.5 billion in mortgages since 2018. We work with the lenders that specialize in asset depletion loans and arrange financing for Ohio homebuyers and investors.
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No Tax Returns Required
An Ohio asset depletion loan qualifies you without tax returns, W-2s, or pay stubs. The lender calculates income from brokerage accounts, stock portfolios, retirement funds, pensions, annuities, savings, and precious metals.
Up to $10M Loans in Ohio
Asset depletion loans in Ohio are available up to $10 million. Jumbo asset depletion loans finance Indian Hill estates, Hunting Valley properties, and New Albany homes.
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Fast Approvals Across Ohio
We issue pre-approvals in as little as 24 hours, and an Ohio purchase may close in as little as 14 days. Buyers can act quickly when a home in Upper Arlington, Chagrin Falls, or Lakewood comes on the market.
Where Ohio Asset Depletion Loans Make Sense
Ohio wealth runs through Fortune 500 corporate compensation in Cincinnati and Columbus, family-office holdings in Cleveland's eastern suburbs, and closely-held manufacturing businesses across the state. The common thread is real wealth held in equity, trusts, and distributions that traditional W-2 underwriting can't read. Asset depletion was built around that.
- Cincinnati and Columbus corporate executives at Procter & Gamble, Kroger, Fifth Third, Nationwide, and L Brands, with RSU vesting, stock options, and deferred comp
- Cleveland investors with sizable brokerage accounts, rental property portfolios, private equity interests, Bitcoin holdings, and alternative assets who may show more wealth on a balance sheet than through traditional W-2 income.
- Family-office beneficiaries and old Ohio wealth across Hunting Valley, Gates Mills, and Indian Hill, with multi-generational trusts and inherited holdings
- Closely-held business owners across Ohio's manufacturing and logistics base holding wealth in family corporations, S-corp distributions, and operating equity
- Ohio retirees living on corporate pensions, 401(k) draws, and investment portfolios from Pepper Pike and Beachwood to Upper Arlington, including those who keep a Lake Erie home in Vermilion
Buyers whose wealth shows up on the balance sheet rather than the W-2 can qualify for an Ohio home loan using an asset depletion mortgage built around their portfolio. No pay stubs. No tax returns. No conventional employment documentation.
Across Ohio's high-value markets, from Hunting Valley and Pepper Pike in Greater Cleveland to Indian Hill in Cincinnati and Upper Arlington and Dublin in Columbus, LendFriend Mortgage builds asset depletion mortgages and jumbo Non-QM loans around portfolios, family wealth, and closely-held business equity.
What Ohio Buyers Gain From an Asset Depletion Loan
LendFriend Mortgage helps Ohio buyers qualify for a mortgage based on the assets they already own, without forcing them to sell investments or rely on traditional income documents. We review the full financial picture upfront, identify the right asset depletion program, and place the loan with a lender that fits the borrower’s portfolio and property.
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Qualification based on assets. We help borrowers use eligible bank, brokerage, and retirement accounts to qualify without W-2s, paystubs, or standard tax return income.
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Jumbo financing for high-value Ohio properties. Asset depletion loans can reach $10 million or more, depending on the borrower’s assets, credit, liquidity, and overall file.
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Options across Ohio. We arrange asset depletion financing for primary homes in Columbus and Delaware, lakefront second homes in Vermilion and Lakeside Marblehead, and investment properties across Ohio.
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Faster, cleaner underwriting. Our team reviews the file before submission, resolves documentation issues early, and helps keep the loan moving toward closing.
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No unnecessary liquidation. Borrowers can keep more of their portfolio invested and avoid selling assets solely to satisfy traditional mortgage qualification requirements.
Get an Asset Depletion Loan Rate Quote
The Ohio Buyer Profile for an Asset Depletion Loan
Many Ohio buyers carry significant investment portfolios alongside compensation that doesn't fit a standard W-2 pattern. Conventional underwriting struggles with that mismatch. A Ohio asset depletion loan solves it by qualifying you on the portfolio itself.
Ohio's high-net-worth buyer base spans the 3-C corridor with three distinct pools in Cincinnati's Indian Hill, Cleveland's Hunting Valley, and Columbus's New Albany. Dublin and Delaware north of Columbus, and the east-side Cleveland suburbs of Beachwood and Chagrin Falls, add to that base. Asset depletion loans qualify buyers across all three markets on the strength of investment portfolios.
Ohio asset depletion loans are a strong fit for:
- Executives paid through stock vesting, RSUs, or partnership distributions
- Founders, business owners, and self-employed professionals with substantial business equity
- Retirees and relocating buyers bringing substantial liquid wealth into Ohio
With a Ohio asset depletion loan, your real net worth qualifies you for the loan, and your portfolio stays fully invested.
Asset Depletion Loan Options Beyond Ohio
Many Ohio buyers own a vacation home across the state line, and the qualification method goes with them. A summer house in Harbor Springs, Petoskey, or Traverse City may be financed with a Michigan asset depletion loan on the same portfolio. Families from Chagrin Falls or Dublin buying on Walloon Lake or along the Lake Michigan shore use the same statements they would for an Ohio purchase.
Winter homes work the same way. Ohio retirees who spend the season in Naples or Sarasota may close on a Florida asset depletion loan without selling a position to fund it. Families who return to Hilton Head Island or Kiawah Island each year may buy there with a South Carolina asset depletion loan.
Relocations run in both directions. An executive transferring from Columbus to Dallas or Austin may qualify for a Texas asset depletion loan on the same accounts. An executive moving between Cincinnati and Chicago may finance a Winnetka or Hinsdale home with an Illinois asset depletion loan. A transfer to the Washington area may call for a Maryland asset depletion loan in Bethesda or Potomac, or a Virginia asset depletion loan in McLean or Great Falls.
Whether the purchase is a New Albany home, a Lake Erie cottage in Lakeside Marblehead, or a second home in another state where LendFriend is licensed, we settle the financing before an offer goes in.
How To Get A Mortgage Approval With an Ohio Asset Depletion Loan
Our team has guided Ohio homebuyers through every step of the asset depletion process, with deep familiarity in Fannie Mae, Freddie Mac, and Non-QM lending guidelines.
Step 1: Identify Your Eligible Assets
We begin by reviewing the assets that can be used for qualification. This typically includes checking and savings accounts, CDs, brokerage accounts, stocks, bonds, mutual funds, IRAs, and 401(k)s. In certain cases, real estate holdings or business equity may also be included, depending on the program.
Step 2: Apply Asset Valuation
Lenders do not use the full value of every asset. Instead, they apply a conservative percentage to account for liquidity and market volatility, converting your total holdings into a stable and verifiable income base for underwriting purposes.
Step 3: Convert Assets Into Monthly Income
Your eligible assets are divided over a standard term, typically 60 to 120 months, to produce a monthly qualifying income. That income drives your debt-to-income ratio and loan eligibility, allowing you to qualify without W-2s, pay stubs, or tax returns.
How We Structure Asset Depletion Loans for Ohio Borrowers
From Indian Hill and New Albany purchases to Hunting Valley and Upper Arlington homeowners taking equity out to diversify and fund retirement, we help Ohio borrowers qualify on investments, retirement accounts, and other eligible assets when tax returns do not show the full picture. The examples below are illustrative and show how we structure these loans.
Indian Hill Buyer Finances a $3.2M Home After a Business Sale
A founder who sold a Cincinnati logistics company wanted a $3.2M home in Indian Hill and did not want to pay cash from the invested proceeds. We counted the brokerage accounts remaining after closing as qualifying income. He put $800,000 down and financed $2.4M.
New Albany Buyer Keeps Liquidity on a $2.5M Home
A retired Columbus executive buying a $2.5M home in New Albany had the cash to pay in full but preferred to stay invested. We compared two down payments against the assets left to qualify. She closed with $600,000 down and a $1.9M mortgage.
Hunting Valley Homeowner Pulls $1.2M Out to Diversify
A Hunting Valley homeowner with a $3.6M property and an $800,000 mortgage wanted to move equity into other investments. His eligible accounts supplied the qualifying income for the larger payment. The refinance closed at $2M with roughly $1.2M in proceeds.
Upper Arlington Retirees Complete a $1.1M Cash-Out Refinance
A retired couple in Upper Arlington wanted to replace a $300,000 mortgage on their $2.2M home with a $1.1M loan to fund retirement. Pension income alone was not enough, so their IRAs and brokerage portfolio were used as qualifying income. They closed with roughly $800,000 in proceeds.
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!
Begin Your Ohio Asset Depletion Loan Application
Connect with LendFriend and start your mortgage approval.
See Why Asset Depletion Borrowers Choose LendFriend Mortgage
See how retirees, investors, and borrowers with substantial assets have worked with LendFriend Mortgage to qualify for a home without relying solely on traditional employment income.
“The team did a great job from start to finish. It was a pleasure working with them.”
“I had a phenomenal experience working with Eric, Morgan, and Crystal at LendFriend and cannot recommend them enough. They helped me secure a 30 year fixed rate mortgage enabling me to purchase an amazing home for my family.
I reached out through their website contact form on a Saturday night, and Eric connected with me the very next morning (Sunday) to discuss asset depletion mortgages and my goals.
Eric called regularly with updates on potential lenders, rates, and more. It was an amazing experience from start to finish and I truly felt they would move heaven and earth to get me the financing I needed.
Thank you, Eric, Morgan, Crystal, and the entire LendFriend team!”
“My husband just retired and we are officially snowbirds thanks to Lend Friend. We just bought a winter home in Boca. Everyone was so lovely to work with. Eric, Crystal and Morgan answered all our questions and made sure we were comfortable from start to finish.
Im so excited for all my grandchildren to visit me during the holidays.”
“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.”
“For the past two years I have been contemplating buying a home. I was referred to Lendfriend mortgage and when I say the experience from start to finish was an awesome experience. The WHOLE TEAM was there for me.
The Professionalism and support was truly unbeatable. 100% recommending Lendfriends mortgage.”
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: Asset Depletion Loans in Ohio
What assets qualify for an Ohio asset depletion loan?
Ohio asset depletion underwriting accepts brokerage accounts, savings, CDs, stocks, bonds, cryptocurrency, mutual funds, IRAs, 401(k)s, and precious metals. Real estate equity and business holdings can also count under certain programs.
Can I qualify for an Ohio mortgage without W-2 employment income?
Yes. An Ohio asset depletion loan qualifies you on your assets rather than your W-2 income. Eligibility comes from verified investment and retirement holdings, which makes the program especially useful for family-business owners and executives whose compensation comes through equity or distributions.
How are assets converted into qualifying income for an Ohio loan?
Your eligible assets get divided over a fixed term, usually 60 to 120 months, to produce a monthly income figure. That figure drives your debt-to-income calculation and underwriting approval.
What credit score does an Ohio asset depletion loan require?
Credit score matters a lot for Ohio asset depletion programs, regardless of how strong your asset position is. Most lenders accept a minimum credit score of 680, but you really want a score above 700 to access the best rates. The higher your score, the better the pricing you can qualify for.
Are Ohio asset depletion loans available across Cincinnati, Cleveland, and Columbus?
Yes. Ohio asset depletion loans serve all three HNW corridors. In Cincinnati that means Indian Hill. In Cleveland that means Hunting Valley, Pepper Pike, and Beachwood. In Columbus that means New Albany, Upper Arlington, and Dublin. The program qualifies buyers across the 3-C corridor.
Can I use an Ohio asset depletion loan for an Indian Hill or Hunting Valley estate?
Yes. Ohio asset depletion loans finance Indian Hill, Hunting Valley, and New Albany estates. These properties qualify on the same asset-based criteria as homes across Ohio. Homes on acreage in Gates Mills and Chagrin Falls are reviewed the same way.
Do I have to sell investments to qualify for an Ohio asset depletion loan?
No. The lender uses the balances only to calculate qualifying income, and the accounts stay invested through closing. Nothing requires you to withdraw the calculated amount each month.
Can I use an asset depletion loan for a vacation home outside Ohio?
Yes. The portfolio that qualifies an Ohio purchase may also qualify a second home in another state where LendFriend is licensed. Ohio families buying on Norris Lake or near the Smoky Mountains may use a Tennessee asset depletion loan. A beach house on the Outer Banks may close on a North Carolina asset depletion loan with the same statements.
Can I use an Ohio asset depletion loan for a cash-out refinance?
Yes. A homeowner in Indian Hill, Pepper Pike, or Delaware may replace the current mortgage with a larger one and qualify on eligible assets. The equity in the home sets how much cash a jumbo cash-out refinance can release, and the existing portfolio has to support the new payment.
Can I use crypto as an asset for a Ohio 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 Ohio crypto mortgage can also combine eligible crypto with stocks, retirement accounts, cash, and other qualifying assets to support your mortgage approval. Large-balance Ohio files that lean on digital assets are structured as a jumbo crypto mortgage.
Why Work With a HNW Mortgage Broker Who Understands Asset-Based Lending?
At LendFriend Mortgage, we're more than 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 such as 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 let you qualify on the strength of your assets rather than 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.
Confidence comes with learning...
And our Learning Center gives you access to everything you need to know about asset depletion mortgages, buying a home and refinancing your mortgage. Read some of our favorite articles below.
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Other Non-QM Mortgage Solutions for Ohio Borrowers
Ohio borrowers have more than one path. When an asset depletion loan is not the best fit, LendFriend Mortgage can place the file in another Non-QM loan through more than 40 wholesale lenders.
No-Ratio Loans
The approval relies on credit, equity, reserves, and mortgage history, and no debt-to-income ratio is used. No-ratio loans apply to primary residences only.
Bank Statement Loans
Business owners in Columbus, Lakewood, and Beachwood may qualify with a bank statement loan on 12 or 24 months of deposits instead of tax returns.
DSCR Loans
A DSCR loan qualifies an Ohio rental property on the income it generates, with no tax returns or W-2s required.