Asset Depletion Mortgages

Asset Dissipation Mortgages

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Do you have high liquid assets but still can’t qualify for a traditional mortgage?

It’s a common problem for people with high net worth, but low taxable income. That’s because the Dodd-Frank Act requires borrowers at traditional banks to show high taxable income to prove their ability to repay.
Truss Financial Group works with alternative banks and funds that can write you a mortgage where you qualify based only on your assets. It’s called an Asset Dissipation or Asset Depletion Mortgage.


Despite how it sounds, your assets won’t be depleted.

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You won’t be asked to leverage your assets or move them to a different account.


We won’t even ask to see your tax returns.
We’ll simply add up the balances for all your liquid accounts like Checking and Savings Accounts, Brokerage Accounts, and IRAs. Based on your age and the amount held in retirement accounts, we can quickly determine if you qualify.


Truss is a top Asset Depletion mortgage lender. To find out what rate and loan amount you qualify for
, talk to Truss.

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TrussFinancial:
Proudly recognized as a Best Mortgage Lender for the self-employed


We offer a wide array of home loans for the self-employed, real estate investors and retirees. Alternative mortgage loans including Stated Income loans (a/k/a NonQualified loans), Bank Statement loans, Asset Depletion loans, Reverse Mortgages and more. And if you’re financing rental properties, we offer Debt Service Coverage Ratio and No-Ratio loans.

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Asset Depletion Mortgages


High liquid assets? Low reported income? You’ll have trouble qualifying for a traditional mortgage because of Dodd-Frank Act banking rules. But Truss Financial offers Asset Dissipation Mortgages or Asset Depletion Mortgages where you qualify based only on your assets. The balances for all your liquid accounts and your current age will determine the loan amount for which you qualify.

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Stated Income Mortgages


As a self-employed small business owner, real estate investor, or entrepreneur, you legally maximize your tax deductions each year. So your tax returns don’t tell your real financial story and ability to repay a mortgage loan. As self-employed real estate investors ourselves, we understand. That’s why Truss offers Stated Income Mortgages and alternative ways to verify your ability to repay.

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Bank Statement Mortgages


If your business shows consistent income, a Bank Statement Mortgage can help you qualify for a mortgage despite taking many write-offs. We use anywhere from 3-24 months of your business or personal bank statement deposit history, then divide it in half to compensate for your expenses. We use the resulting number to document your monthly income and help you qualify for a low-rate mortgage loan.

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How Does an Asset Depletion Loan Work?

Here’s an example:
Mrs. Smith is 72 years old and wants a 15-year mortgage. She has 2 million dollars in total assets, most of it in an IRA. Because she is over 59.5 years old, she has full access to her IRA funds, so the full amount can be used in her calculations. Truss divides 2 million dollars by 180 months (15 years), which results in the average monthly income figure of $11,111 used on her loan application. This gives her the borrowing and buying power needed to make the most of her golden years.

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The Key to a Stated Income Mortgage: The Right Financial Story

At a traditional bank, the income shown on your W2 or 1040 tax return is unlikely to get you the loan you want. Truss understands this, and we work with you to show a more accurate financial picture using other financial statements and documents you already have. Truss makes stated income mortgages at low interest rates a reality for self-employed and real estate investors.

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Do You Expense Your Personal Life Through The Business?

Deducting expenses through your business is smart. It’s a common entrepreneurial practice that makes it nearly impossible to qualify for most mortgages. But not with a Bank Statement mortgage from Truss.
We use either your business or personal bank statement deposit history, and divide it in half to compensate for expenses. This yields a monthly income figure that qualifies you for a no-income-verification loan at a surprisingly low rate. A Profit/Loss Statement from your CPA may help you qualify for even more.

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Built by entrepreneurs for entrepreneurs™

Jeff Miller and Jason Nichols created Truss Financial Group to help clients avoid the disappointments they themselves had experienced as self-employed real estate investors. After the financial crisis of 2008, and in the wake of greater government regulation of traditional banks, Jeff and Jason got tired of applying for mainstream mortgages, getting denied, and resorting to hard money loans at high rates.

They solved their own problem by bringing together a group of non-traditional banks and financial funds specifically to support the self-employed and real estate investors. Now with decades of experience and an expert mortgage lending team, you won’t find advisors with a greater ability to help you qualify for the loan you need at the lowest possible rate.

“Like most people I got hit hard by the financial crisis. With a short sale on my record, Wells Fargo, Bank of America, and Chase wouldn't write me a loan. But my real estate agent referred me to Truss Financial and they helped me qualify.”
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“I have excellent credit and income, and have been banking with Bank of America for over 20 years. When I needed a loan quickly, B of A couldn’t fund it fast enough. I turned to Truss and Jeff got the loan funded in 15 days.”
business woman
“I’m self-employed and wanted to buy an investment property. I was declined by multiple banks because my tax returns don’t show enough income. My CPA referred me to Truss because they could use my business bank statements to qualify. So glad I made the call, because they got me approved.”
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Qualify Today For Your Asset Depletion Loan

✔ Perfect for borrowers with High Liquid Assets and Low Reported Income

✔ Monthly "income" based on Asset Accounts (Bank, Brokerage, IRA, etc.)

✔ 15-Year and 30-Year Options

✔ No Tax Returns

✔ Largest Access to Asset Depletion /Asset Dissipation Lenders