ASSET DEPLETION MORTGAGES FOR HNW INDIVIDUALS
Finance your Dream Home with Asset-Based Lending — No W-2s or Tax Returns Required
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?
Asset depletion loans are a form of asset-based lending, a category of mortgage financing where liquid assets—rather than income—are used to qualify. Also known as asset-backed loans, these programs appeal to high-net-worth (HNW) borrowers who have significant cash, investments, or retirement savings but little verifiable income. Unlike traditional mortgages that rely heavily on W-2 earnings, asset-based lending looks at your net worth instead of your paycheck.
Quick Example: If you have $5M in assets and decide to use $1M towards your downpayment, the remaining $4M equates to more than $66,000 of qualifying monthly income, easily qualifying you for a $2.5M+ mortgage!
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 offer flexible solutions like asset depletion loans and other forms of asset-based lending—mortgage options designed to let your portfolio work for you. Whether you're a retiree, entrepreneur, investor, or trust beneficiary, our team of HNW mortgage brokers can help you qualify for your dream home without relying on W-2s, business income, or tax returns.
As an experienced asset-based lender, we structure asset-backed loans using your savings, investment accounts, and other liquid assets to establish qualifying income—without the need to sell. It's a smarter way to buy real estate when you’re asset-rich but income-light.
Here's How LendFriend Will Help You Easily Calculate Your "Income" For An Asset Depletion Loan?
With a wide network of trusted asset-based lenders, LendFriend makes it simple for high-net-worth and non-traditional borrowers to qualify for financing—whether you're applying for an asset depletion mortgage, a non-QM loan, or a flexible asset-backed loan. As an experienced HNW mortgage broker, we turn your unique financial profile into a strength with customized portfolio lending solutions.
Step 1: Identify Your Eligible Assets
We start by helping you list all eligible accounts, including checking, savings, CDs, money markets, stocks, bonds, mutual funds, retirement savings (IRAs, 401(k)s), and in some cases, business equity or real estate holdings.
Step 2: Calculate Their Valuation
Lenders won’t use 100% of every asset’s value when determining whether your assets count as income. In asset-based lending, conservative percentages are applied to reflect liquidity and market risk—ensuring the calculated income is sustainable.
Step 3: Convert to Monthly Income
Next, we use our asset-based mortgage calculator to divide your qualified asset total by 60 months. This gives us a “monthly income” to determine your debt-to-income ratio and how much home you can qualify for—without needing W-2s or tax returns.
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-W-2 income who need an alternative to traditional income-based underwriting
- Self-employed professionals with complex tax returns, write-offs, or inconsistent income
- High-net-worth individuals (HNWIs) with significant assets but limited documentation
If you’re asset-rich but income-poor, this flexible alternative that's tax efficient and offers a way to qualify using what's in your portfolio—even without pay stubs or tax returns. This is where working with an experienced HNW mortgage broker like LendFriend makes all the difference.
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 $5M loan amounts available through asset-based lending programs
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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
- Lets you qualify for an asset-backed loan without selling investments—helping you avoid capital gains tax and keep your portfolio intact
FAQs: How Asset Depletion Loans Work for You
Can I combine asset depletion income with other types of income?
Yes! Many asset-based lenders allow you to blend asset depletion income with other income sources like Social Security, pensions, rental income, or even part-time W-2 wages. This helps boost your total qualifying income and improve your debt-to-income ratio, especially if you're pursuing a larger asset-backed loan.
How much do I need in assets to qualify for an asset depletion mortgage?
While there's no fixed rule, most asset-based loans require at least $1 million in eligible assets (cash, brokerage accounts, retirement funds, etc.) to be viable. Your hnw mortgage broker can guide you based on loan size, property type, and lender requirements.
Can I qualify if my assets are held in a trust?
Yes — many lenders accept trust-held assets or even crypto accounts if you can verify full access and liquidity. As long as your trust allows funds to be used for housing purposes, they can count toward your asset-based lending application. Even digital assets like Bitcoin and Ethereum can be used to qualify
What happens if my assets change during the loan process?
If your balances drop due to a large withdrawal or market fluctuation, it could affect your approval. Since asset-backed loans are based on liquid net worth, lenders may re-calculate your income eligibility. Always speak with your loan officer before shifting funds during underwriting.
Does an asset depreciation mortgage have a higher rate than a conventional loan?
Typically, yes — asset depletion mortgages fall under non-QM lending and may carry slightly higher rates. But with a strong portfolio and the right asset-based lender, you can often secure competitive pricing that reflects your low risk and high liquidity.
Do assets count as income for mortgage approval?
Absolutely. With an asset-backed loan, lenders use a formula to turn your eligible assets into a qualifying monthly income — often by dividing total liquid assets over 60 months. This makes asset-based lending ideal for borrowers without traditional income streams.
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.
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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