- Qualifying income
- Calculated from liquid assets
- Eligible assets
- Cash, brokerage and retirement accounts
- Employment
- Not required
- Assets
- Stay invested. Nothing is sold
What it is
An asset depletion loan converts your savings and investments into qualifying income. If you have substantial assets but little regular income, this is the loan that recognizes them.
How it works with a broker
The lender divides your eligible assets by a set number of months to produce a monthly income figure. Retirement accounts are often counted at a discount.
The formula differs from lender to lender, so the same portfolio can qualify for very different loan amounts. I compare the formulas for you.
Common questions
Do I have to liquidate anything?
No. The assets are used on paper to calculate income. They stay where they are.
Can this be combined with other income?
Often, yes. Social Security, pension or part-time income can be added to the asset-based figure.
Figures shown are typical guidelines and can vary by lender, credit profile and property. They are not an offer or commitment to lend.
Find out what you qualify for.
Answer a few questions and I will come back with real options, usually the same day. It takes about two minutes and does not affect your credit.