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What is an Asset Depletion Loan?

An Asset Depletion Loan is a mortgage product designed for individuals who may not have a regular income but have significant assets. Instead of relying on traditional income verification methods, this loan allows borrowers to qualify based on the value of their liquid assets.

Asset Depletion Loans are particularly beneficial for retirees, investors, or individuals with substantial savings or investment portfolios. These loans work by calculating a hypothetical income based on the depletion of your assets over time. Lenders consider the total value of your assets and divide it by a set number of months to determine your qualifying income.

Loan Benefits

Flexible Qualification

Use your liquid assets to qualify for a mortgage, bypassing the need for traditional income documentation.

Competitive Rates

Benefit from attractive interest rates tailored to your financial profile and asset value.

Quick Approval

Experience a streamlined application and approval process, allowing you to secure financing quickly.

Eligibility Requirements

Significant liquid assets (savings, investments, etc.)
Proof of asset value
Good credit score (specific score requirements vary)
Sufficient assets to cover down payment and closing costs
Property must meet lender-specific appraisal standards
Owner occupied, second homes, and non owner occupied propertiesStart your Asset Depletion Loa

Start your Asset Depletion Loans Application

Frequently asked questions

How are assets used to qualify for an Asset Depletion Loan?

Lenders calculate a hypothetical income based on the depletion of your assets over time, using the total asset value divided by a set number of months.

What types of assets can be used for an Asset Depletion Loan?

Liquid assets such as savings accounts, investment portfolios, and other readily accessible funds can be used to qualify.

Can I use an Asset Depletion Loan to refinance my existing mortgage?

Yes, Asset Depletion Loans can be used for both purchasing new homes and refinancing existing mortgages.

What is the minimum credit score needed for an Asset Depletion Loan?

While requirements vary, a minimum credit score of 620 is typically needed to qualify.

Are there any restrictions on the types of properties that can be financed with an Asset Depletion Loan?

These loans can be used to finance a variety of property types, including primary residences, second homes, and investment properties.

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We are humbled by the kind words of our clients. And we are happy that we were the ones to help turn their mortgage goals into reality.

First-Time Homebuyers' Delight

Suzie and the Truss Financial Group exceeded our expectations in securing our mortgage as first-time homebuyers. Suzie's expertise and guidance made the potentially daunting process incredibly smooth and manageable.

Robert F.

San Tan Valley, AZ, Software Engineer

Great for Bank Statement Loans

I did a bank statement income loan and it chose to not include some deposits. This is just a heads up, not a complaint. Truss is definitely a good company, and I would ABSOLUTELY work with them again. Marcus was honest and helpful throughout the process.

Berj F.

Concord, CA, Business Owner

Personalized Service

"I am more than pleased to work with Delania Tak and would confidently recommend her to anyone seeking reliable assistance in securing a loan. Her commitment to excellence and personalized care make her an exceptional choice."

Howard L.

CA, Real Estate Investor

Cash-Out Refinance Made Easy

Thank you so much to Guillermo Correa and Truss Financial. They made doing my cash-out refinance a piece of cake! The interest rate was much lower than other lenders I checked with. The fees were reasonable, and the timeline was very smooth.

RealEstateLady 1.

Sandy, OR, Real Estate Broker

Exceptional for Self-Employed

After months of struggling with other lenders, Paul at Truss Financial made it easy to complete a cash-out refinance of a new primary residence. As a small business owner and real estate investor, my income situation is complicated but Paul was able to guide me through the process with relative ease.

Baird K.

New York, NY, Small Business Owner and Real Estate Investor

Innovative Solutions for Self-Employed

Garrett Jimenez was super creative and helpful every step of the way. Being self-employed makes getting a loan difficult. But he found ways to overcome each and every hurdle and really hit a home run for us.

Jason M.

Rancho Cucamonga, CA, Self-Employed Individual