Asset Depletion Mortgage

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



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Asset Depletion Loan

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 loan, or an asset dissipation loan, is a non-QM loan that allows borrowers to use their substantial assets to qualify for a mortgage loan instead of employment income. Your assets are collateral for paying back the loan instead of your income. This type of asset-based lending uses different forms of assets, including 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-based loan include those who are self-employed with insufficient traditional, verifiable income, retirees with low verifiable fixed income or individuals with many assets in the U.S.

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Asset Depletion Loan Requirements Include:

  • Must use 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 the 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.
  • A minimum loan amount of $175,000 is required to apply* 




Asset Depletion Loan FAQs

An asset depletion loan, or asset dissipation loan, is a non-QM mortgage that allows borrowers who 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, bonds, retirement funds, and 100% of cash accounts.
No, you only have to demonstrate an ability to make the mortgage payments.

A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.



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*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.