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Asset Qualifier Program – Borrow Based on Assets, Not Income
Turn Your Portfolio Into Borrowing Power
The Asset Depletion Program is designed for financially established borrowers who may not have steady W-2 income but have significant assets to draw from. This program converts your eligible assets into qualifying income, allowing you to access financing for a primary residence, second home, or investment property. It’s the perfect fit for retirees, investors, self-employed professionals, and high-net-worth individuals who want to leverage their wealth while maintaining financial flexibility.
FAQs
1. Who is this program ideal for?
Retirees, investors, high-net-worth individuals, and self-employed borrowers with significant assets.
2. What types of assets can be used?
Eligible assets include savings accounts, investment portfolios, stocks, bonds, and certain retirement accounts.
3. Do I need to liquidate my assets?
No. The assets are used for qualification purposes and do not need to be cashed out at closing.
4. How is qualifying income calculated?
The total eligible assets are divided by 60 months to create a monthly qualifying income amount.
5. Can I combine this with other income sources?
Yes. You can use asset depletion alongside other income documentation to strengthen your application.
6. Are there restrictions on property types?
No, you can use this for primary residences, vacation homes, or investment properties.
7. What credit score is required?
A minimum FICO score of 660 is required.
8. What’s the maximum loan amount?
Up to $5 million, depending on your asset base and overall qualifications.
9. Does debt-to-income ratio matter?
Yes, the program allows DTI ratios up to 50%.
10. How long must I have owned my assets?
Generally, assets should be seasoned for at least 60 days prior to application.
Why This Program Works
This program recognizes that financial strength isn’t just about paychecks—it’s about your total wealth picture. By using your assets as a basis for qualification, you avoid unnecessary employment requirements, making the process smoother and more accessible for borrowers who’ve built substantial savings or investments.
A Smarter Way to Qualify
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Keeps your retirement plans intact — You can qualify without liquidating your assets immediately.
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Simplifies approval — Reduces the need for complex income documentation.
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Expands buying potential — Higher loan amounts mean more purchasing power for the properties you want.