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Asset Depletion Loan

An asset depletion mortgage loan from NASB allows borrowers to qualify that do not have traditional sources of income but have significant assets.



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Key Features

Use your assets instead of income to qualify

Great option for self-employed borrowers

Borrow up to $1,000,000

Get the loan you need from the assets you own.

An asset depletion mortgage, also known as an asset dissipation mortgage, is a type of non-QM loan that allows borrowers to use their substantial assets to qualify for a mortgage loan instead of employment income. Your assets are used as collateral for paying back the loan instead of your income. Different forms of assets that can be used include money market accounts, checking or savings accounts, certificates of deposits, retirement accounts (such as 401K or IRA) or investment accounts such as stocks, bonds, and mutual funds. Borrowers that can benefit from an asset depletion mortgage include those that are self-employed with insufficient traditional, verifiable income, retirees with insufficient verifiable fixed income or individuals with a large number of assets in the U.S.

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Asset Depletion Loan Requirements Include:


  • Must use liquid assets (non-business or IRA/401k with current distributions) for use as collateral
    • Stocks, Stock Option and Mutual Funds use 70% of the value
    • Verify funds and divide by 120 of balance to use as income. 
    • Minimum age-57.5 (2 yrs from retirement age) to use retirement accounts
    • No minimum age for non-business liquid assets. 
 



Asset Depletion Loan FAQs

An asset depletion loan, also known as an asset dissipation loan, is a non-QM mortgage that allows borrowers that do not want to use their income from employment to qualify but rather the significant assets they possess. 

Asset depletion is calculated by dividing your total assets by a determined period of months, to calculate the monthly “income” used to qualify for your home loan.

Assets that can be used to qualify for an asset depletion loan include savings and checking accounts, money market accounts, retirement accounts, and investment accounts. To calculate your monthly “income” for qualifying, you can typically use 70% of stocks and bonds, 60% of retirement funds, and 100% of cash accounts.
No, you only have to demonstrate an ability to make the mortgage payments.


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Mohit M., May 25, 2021
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"NASB always makes it easy and transparent to work with them. I know upfront what to expect - they're clear in their communication and keep their word. This was my third interaction with them and it's a fantastic experience working with the NASB team."


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