Asset Depletion

Overview

The Asset Depletion program allows borrowers to qualify using liquid assets instead of traditional income.

Eligibility

  • Occupancy: Primary Residence & Second Homes Only

  • Cash-Out: Not Permitted

  • Gift Funds: Not Permitted

  • Asset Requirement:

    • Minimum 1.5x loan balance in qualified assets

    • Net of down payment, closing costs, and reserves

  • Income Calculation:

    • Monthly Income = Net Qualified Assets ÷ 84

  • Minimum Post-Closing Assets: $500,000

  • Additional guidelines may apply. Contact AE for more information

Borrower Profile

Ideal for:

  • High-net-worth borrowers

  • Retirees

  • Clients with significant liquid assets

Loan Limits

  • Minimum Loan Amount: $150,000

  • Maximum Loan Amount: $5,000,000