Home Loans For Retirees And Seniors
Our retirement mortgage programs are designed for seniors, so you can qualify for a mortgage in retirement using Social Security, pensions, and your assets. LendFriend makes it easy to buy your forever home after 60.
No Income? No Problem!
Get a Mortgage That Works For You
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No Income? No Problem!
Get a Mortgage That
Works For You
A Simple Way to Buy Your Dream Home in Retirement
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No W-2 income required — qualify with an asset depletion mortgage using your retirement funds, investment accounts, Social Security, or pension income.
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Keep your assets working for you — we calculate income from your savings and benefits without requiring you to liquidate.
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Competitive rates and trusted guidance — our team specializes in helping seniors and retirees find the best mortgage options
PLUS: Enjoy your golden years in a home you love, with a mortgage tailored to retirement.
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What Is a Retirement Mortgage?
A retirement mortgage is a home loan designed for seniors and retirees who may no longer have a traditional paycheck but still want to buy or refinance a home. Instead of relying solely on W-2 income or recent tax returns, lenders consider a range of retirement income sources—including Social Security, pensions, annuities, and retirement accounts.
This makes it possible for retirees to qualify based on the wealth and income streams they’ve already built, rather than ongoing employment.
How Retirement Mortgages Work
There are several ways retirees can qualify:
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Social Security Income – Lenders count monthly Social Security payments as stable qualifying income.
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Pension Income – Lifetime pension benefits can also be included.
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IRA, 401(k), or Annuity Withdrawals – Certain distributions may count toward monthly income.
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Asset Depletion (Asset-Based Lending) – Instead of requiring withdrawals, lenders calculate income by dividing your liquid assets—such as cash, retirement accounts, or investments—over a set term, usually 60 months.
Typical Scenario of a Home Loan for a Retiree
Imagine you have $1,000,000 in retirement and investment assets after your down payment. A lender could count that as more than $16,000 in qualifying monthly income. Add in $2,500 per month from Social Security, and your total qualifying income rises to over $18,500 per month—enough to support a mortgage of well over $2 million.
Here's How LendFriend Help Retirees Qualify for a Home Loan
With our network of trusted lenders, LendFriend makes it simple for retirees and seniors to qualify for a home loan. Whether you’re using Social Security, pension income, or retirement assets, we turn your financial strength into mortgage approval.
Step 1: Identify Your Assets and Income Sources
The first step is to review the income you have in retirement. Lenders may count Social Security, pensions, annuities, IRAs, 401(k)s, and even savings or investment portfolios as part of your qualifying profile.
Step 2: Calculate Asset Value With Asset Depletion
If Social Security or pensions aren’t enough on their own, lenders can use an asset depletion method. This divides your retirement accounts and investments over 60 months, turning savings into qualifying income without requiring liquidation.
Step 3: Convert to Monthly Income
Once income and assets are reviewed, lenders combine them into a single monthly figure. This includes Social Security, pensions, and asset-based income, which determines your loan size, debt-to-income ratio, and preapproval amount.
Why Retirees and Seniors Choose LendFriend for their Home Loans
At LendFriend Mortgage, we specialize in helping retirees and seniors secure mortgages designed around their financial reality—not outdated paperwork.
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We recognize Social Security, pensions, and retirement assets as part of your ability to repay
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We structure loans for downsizing, vacation homes, or forever homes in retirement
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We offer asset depletion mortgages for retirees who prefer to qualify using their savings and investments without selling them
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We deliver competitive rates with a smooth, stress-free process tailored to retirement timelines
With thousands of retirees helped across Texas and beyond, we make qualifying for a mortgage in retirement simple, transparent, and worry-free.
Retirees Seeking a Dream Home
Retirees who want to qualify for a mortgage using assets—like savings, retirement accounts, or investments—to secure their ideal home without worrying about W-2 income or tax returns.
Couples Wanting a Fresh Start
Couples looking for retirement-friendly home financing that matches their lifestyle and allows them to purchase a home without the financial stress of proving employment income.
Empty Nesters Downsizing
Empty nesters ready to buy a smaller home in retirement can use this program to leverage their liquid assets and avoid the hassle of traditional income documentation.
Snowbirds Buying a Second Home or Vacation Property
Snowbirds investing in a second home or seasonal retreat can use asset depletion mortgages to buy in Texas, Florida, or anywhere else—without the complexities of standard loan approval.
Want to Learn More about Retirement Mortgages?
Talk to a LendFriend Mortgage Expert and See How Your Social Security, Pensions, and Assets Can Qualify You Today
Complete the Quiz to Use Your Assets to Your Advantage: Live the Life You Deserve!
Check out some of our 5-star reviews on Google
Check out some of our 5-star reviews on Google
5/5 Star Reviews on Google, Zillow, and Experience.
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...LendFriend was great to work with throughout the entire process. They were instrumental in getting us the best possible interest rate while keeping loan fees to a minimum. Great experience!
Anthony Walsh
Closed Sept 2024 -
Can’t imagine going through the home buying process without the team at LendFriend. Their communication through every part of this was above and beyond. Always checking in to make sure that any document or info coming my way was understood (it’s a lot to take in as a FTHB). Also appreciate that Eric was also able to follow the market and get me a lower rate closer to close since we weren’t locked in at the start of our process. Overall you’ll have a great experience no matter who your point of contact is there. Highly recommend and will definitely be coming back to them for any future needs!
Nick Brito
Closed May 2024 -
They got me the best rate possible, managed close on an aggressive timeline and worked (with) my builder to iron any issues. These guys are the best out there
Amrit Sandhu
Closed August 2024 -
They did an amazing job to help me close in less than 30 days and got me the best rate available! Would definitely recommend
Austin Mills
Closed May 2024 -
They got me an awesome rate and found me a ton of credits as a first time home buyer. I always felt like they had my best interests in mind. Thanks to everyone at LendFriend for your hard work!
Andrew Hong
Closed June 2024 -
LendFriend provided a fantastic experience. I’ve been working trying to find the perfect home for years and LendFriend was there for me at every step of the way. Not only did I get an amazing rate that no other lender could touch, the customer service is unbelievable. Even my realtor said it’s the best, most organized and communicative lender she’s ever seen. Shout out to Eric, Morgan, Crystal and Chelsey for making this homebuying process so easy. Thanks y’all
Wade Swofford
Closed March 2024
Retirement Mortgage FAQs: How Seniors Qualify for Home Loans
Can I combine retirement mortgage income with Social Security or pensions?
Yes. Many retirees qualify by blending Social Security benefits, pension income, annuities, and even part-time work with an asset depletion calculation. This gives you more purchasing power and helps meet lender guidelines.
How much do I need in assets to qualify for a retirement mortgage?
There’s no single number—it depends on the loan amount, down payment, and other income sources. In general, retirees with $500,000+ in retirement accounts or savings may have enough to qualify, but larger balances can unlock higher mortgage amounts.
Can I use assets held in an IRA or 401(k) for qualification?
Yes — lenders typically allow you to use retirement account assets (IRAs, 401(k)s, etc.) for qualification, especially if you’re over 59½. Depending on your age, a percentage (usually 60%–70%) of those balances may count toward your qualifying income.
Can I qualify for a mortgage using only Social Security income?
Yes. If your Social Security income is sufficient to cover the debt-to-income ratio requirements, you may qualify on that alone. If not, you can combine it with pensions, annuities, or asset depletion to strengthen your application.
What counts as income for a retirement mortgage?
Accepted sources typically include Social Security, pensions, annuities, required IRA/401(k) distributions, dividends, and investment income. Even if you’re not working, these streams help demonstrate repayment ability.
Can retirees over 65 or 70 still get a mortgage?
Yes. Age is not a barrier—federal law prohibits age discrimination in lending. Many retirees in their 60s, 70s, and even 80s successfully qualify for retirement mortgages. What matters most is your income, assets, and credit profile.
Can I use a retirement mortgage to buy a second home or downsize?
Yes. These loans can be used for a primary residence, downsizing into a smaller home, or even purchasing a vacation property.
Do retirement mortgages have higher rates than conventional loans?
Many retirement mortgage options are conventional loans, meaning your rate would be the same as any other conventional borrower. Other options are Non-QM meaning your rate would be slightly higher than a conventional loan. It all depends on your qualifications, goals and objectives!
Can I use my pension to buy a house?
Yes. Pension income can be counted toward your monthly income, either alone or in combination with Social Security and asset depletion calculations.