HOME LOANS FOR RETIREES
No Income? No Problem! Don't spend your golden years as a renter!
HOME LOANS FOR RETIREES
No Income? No problem! Don't spend your golden years as a renter!
No Income? No Problem!
Get a Mortgage That Works For You
MIKE PLEASE FIX HEADER TO BE VIDEO HEADER.
No Income? No Problem!
Get a Mortgage That
Works For You
AMAZINGLY SIMPLE PROCESS.
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No income required! We’ll qualify you for an asset depletion mortgage using your bank accounts, trading accounts, and retirement funds
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Your assets stay in place — we simply help you leverage them for qualification.
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Great rates and unmatched customer service for the best home financing experience
PLUS: You’ll be able to retire in style making new memories in a home you love.
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What is an Asset Depletion Loan?
An asset depletion mortgage is a home loan designed for retirees who want to qualify without relying on a job or traditional income. Instead of using W-2s or tax returns, lenders calculate your qualifying income by dividing your liquid assets—such as cash, savings, investments, or retirement accounts—over a set term, usually 360 months. This makes it possible for retirees who have built up savings to buy or refinance a home without needing ongoing employment income.
Why Retirees Trust LendFriend for Asset Depletion Loans?
At LendFriend Mortgage, we understand that retirement should be about enjoying your next chapter—not worrying about how to prove income for a mortgage. Our asset depletion loans are designed to help retirees use their savings, investments, and retirement funds to qualify with ease. Whether you’re buying your forever home, downsizing, or purchasing a vacation property, we’ll guide you through a smooth, stress-free loan process that puts your financial security first.
Here's How LendFriend Will Help You Easily Calculate Your Income For An Asset Depletion Loan?
With a wide network of trusted lenders, LendFriend makes it simple for high-net-worth and non-traditional borrowers to qualify with non-QM mortgage. We turn your unique financial situation into a strength with our portfolio mortgage solutions.
Step 1: Identify Your Eligible Assets
Checking/savings accounts, CDs, money market accounts, stocks, bonds, mutual funds, retirement funds (IRAs, 401(k)s), and sometimes real estate or business equity.
Step 2: Calculate Their Valuation
Lenders won’t use 100% of every asset’s value when calculating qualifying income for an asset depletion mortgage. Instead, they apply conservative percentages to reflect market risk and liquidity.
Step 3: Convert to Monthly Income
We divide the total valuation by 360 months to arrive at your "monthly income" for purposes of calculating the debt-to-income and appropriate preapproved size of your home loan
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 Asset Depletion Mortgages?
Talk to a LendFriend Mortgage Expert 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
FAQs: How Asset Depletion Loans Work for Retirees
Can I combine asset depletion income with retirement or Social Security income?
Yes! Many lenders will let you blend asset depletion income with other retirement income sources, such as Social Security, pensions, annuities, or even part-time income. This can help you qualify for a larger mortgage or improve your debt-to-income ratio.
How much do I need in assets as a retiree to qualify for an asset depletion mortgage?
There’s no universal minimum, but generally, retirees should have at least $1,000,000 in eligible liquid assets (such as cash, investments, or retirement accounts) to make asset depletion loans viable in this interest rate environment. The exact amount depends on the home price, loan size, and your other income sources.
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.
What if I take withdrawals or my investments lose value during the loan process?
Significant withdrawals or market losses during the mortgage process could reduce your qualifying income. That’s why it’s best to keep your assets stable during underwriting. Your loan officer or broker will guide you on how to safeguard your qualification.
Does an asset depreciation mortgage have a higher rate than a conventional loan?
Asset depletion mortgages can have slightly higher rates because they fall under non-QM (non-qualified mortgage) guidelines. However, with the right lender or broker (like LendFriend!), you can access competitive pricing that reflects your strong financial profile.
Can I use an asset depletion mortgage to buy a second home or downsize?
Yes! Many retirees use asset depletion loans to purchase second homes, vacation properties, or downsize to a new primary residence without relying on W-2 income or traditional job documentation.
WHAT TO EXPECT WITH OUR PROCESS.
Get ready for a loan experience unlike any you’ve ever had. A friendly, responsive representative will help guide you throughout the entire process; from application to funding to anything you’ll ever need beyond. A different way to mortgage by a different kind of mortgage company.
Step 1: Application
Complete our easy online application.
Step 2: Disclosure
Review and e-Sign our disclosure forms.
Step 3: Initial Documentation
Submit your documents.
Step 4: Conditional Approval
Receive your loan approval from underwriting.
Step 5: Loan Closing!
A notary comes to your house for closing.