How Asset Depletion Loans Work
Assets as income
Your savings become income
Lenders divide your eligible assets by a set number of months to create a monthly income for qualifying. No job or pay stubs required.
Asset Depletion Loans
Asset Depletion Loans: Qualify with Your Savings
Turn savings and investments into qualifying income. Built for retirees and borrowers with assets but irregular income.
Assets as income
Assets as income
Assets as income
Assets as income
Assets as income
Assets as income
Asset Depletion Guidelines
Typical requirements across our lenders. Apply if you're close and we'll find a fit.
Credit Score
Most programs start at a 660 credit score. Higher scores earn better pricing.
Eligible Assets
Cash, investments, and retirement accounts, documented with recent statements.
DTI Limits
Debt-to-income limits are usually up to 50%, based on your asset-derived income.
Loan Limits
Loan amounts from $75,000 up to $3 million.
Reserves
Expect to keep several months of payments in reserves.
Down Payment
Varies by credit score and loan size.
Mortgage Insurance
Asset depletion loans have no mortgage insurance.
An example
$1.2M in assets, $10K a month
If a lender divides $1.2 million in eligible assets over 120 months, you qualify with $10,000 a month in income. The number of months varies by lender, and we shop for the best one.
Eligible assets
What counts
Checking, savings, brokerage, and retirement accounts can all count. Some accounts, like retirement funds, may count at a reduced percentage.
Who it's for
Retirees and high-net-worth buyers
Asset depletion loans fit retirees, people between jobs, and high-net-worth borrowers whose income doesn't reflect what they can afford.
Larger loans
Loans up to $3 million
Loan amounts run from $75,000 to $3 million, with interest-only and 40-year options available.
How It Works
Total Your Assets
List your checking, savings, brokerage, and retirement balances.
Get Pre-Approved
We calculate your qualifying income and compare lenders for the best terms.
Find Your Home
Shop with a pre-approval based on your full financial picture.
Close Confidently
We'll guide you from contract to closing day.
Do's and Don'ts
Do
Gather Statements Early
Recent statements for every account speed up your approval.
Budget for Closing Costs
Expect to pay around 2-3% of the home’s price in closing costs.
Compare Lenders
Lenders divide assets over different time periods. We find the one that counts the most income.
Don't
Open New Credit Accounts
Taking on new debt can impact your credit score and loan approval.
Make Large Unverified Deposits
Moving money between accounts before you apply can complicate verification. Ask us first.
Spend Down Your Assets
Large withdrawals before closing lower the income you can qualify with.
Asset Depletion vs. Other Loans
How qualifying on assets compares with other options.
Asset Depletion
Conventional
Bank Statement
Credit Score
660+
620+
660+
Down Payment
Varies
3%+ (primary home)
Varies
Income documents
Asset statements
Tax returns and W-2s
12–24 months of statements
Best for
Retirees and high-net-worth buyers
W-2 earners
Self-employed buyers
Need Help?
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Every home has a story
Get a mortgage in a week, or a year, with you every step of the way
Sukesh was great from start to finish. I first reached out to him in June of 2023 and he got me pre-approved same day. I ended up putting in an offer on a new construction in July and Sukesh was on it every step of the way. He was always available, didn't matter the time of the day. He was also very knowledgeable, answered all of my questions and offered the best suggestions with concrete reasoning to back it up. I ended with a rate lower than market and I couldn't have been happier. My home was eventually completed in March 2024 and the closing process was fast and smooth. With Sukesh there's no such thing as a standard 30 or 45 day close, it felt more like one week close. I highly recommend Sukesh and Altgage, you won't regret it.
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I felt confident moving from California to Texas for a much needed fresh start to a new life
I had an excellent experience working with Sukesh Shekar at Altgage Inc. From start to finish, he was professional, knowledgeable, and incredibly helpful. He took the time to explain every step of the process, and helped me through a tricky signing day with an ex. I felt confident in my loan options. His dedication and attention to detail made the entire experience smooth and stress-free. I highly recommend Sukesh to anyone looking for a reliable and supportive loan officer.
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Gopala lowered his costs and moved into his dream home
I wanted to thank and appreciate Sukesh for his help and support starting from the loan application process till closing of our new home. Sukesh is very transparent and provided us with eligible incentives that helped in lowering our closing costs.
He has great knowledge about different areas of mortgage needs and he works with core customer centric values to help clients fulfill their Mortgage needs.
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We got the lowest rate after searching from California to Colorado
Sukesh was really awesome throughout the whole process of purchasing our new home in Boulder county Colorado. We got the lowest rates possible, and he was always looking for additional ways for us to save money. Everything was super fast, and super easy. Communication was always clear and quick. We highly recommend Altgage!
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Put Your Assets to Work
Qualify with savings and investments, not a paycheck.
Recent Articles
Guides for buying with your assets.
Frequently asked questions
You’ve got questions, we’ve got answers
A mortgage that turns your savings and investments into qualifying income. It's built for borrowers with significant assets but little regular income.
The lender divides your eligible assets by a set number of months. That number varies by lender, which is why comparing lenders matters.
No. Asset depletion loans can qualify you with no employment income at all.
Often, yes. Many lenders let you add Social Security, pension, or other income to your asset-based income.
