Non-QM
Asset Depletion Loans
Leverage your accumulated assets to qualify — ideal for borrowers with significant wealth but limited monthly income.
Overview
Asset depletion loans are a Non-Qualified Mortgage (Non-QM) program that allows borrowers to qualify for a mortgage by drawing on their accumulated assets rather than traditional monthly income. The lender calculates a theoretical monthly income by dividing the borrower's qualifying assets over a set period, providing a path to financing for retirees, investors, and high-net-worth individuals whose income may not tell the full story of their financial capacity.
Who It May Fit
Retirees, high-net-worth borrowers, and those with significant liquid or invested assets but limited traditional monthly income.
Potential Benefits
- Qualify based on total qualifying assets
- No W-2 or traditional income requirement
- Purchase and refinance options
- Available for primary, second home, and investment properties
- Retirement accounts and investment portfolios can qualify
Important Considerations
- Larger down payment than conventional
- Assets must be verified and liquid or near-liquid
- Reserves required in addition to down payment
- Rates and terms differ from conventional programs
Asset Depletion Loans Specialists
4.99(176)GoogleZillowKahren Oxner
Founder & CEO
Kahren founded One Eleven Mortgage to provide clients and realtor partners with unmatched options and a personal, boutique experience. With years of experience across conventional, government, and Non-QM lending, she specializes in complex scenarios — investors, self-employed borrowers, and ITIN financing.
Next Step
See if It Fits Your Goals
Connect with a One Eleven loan officer to review eligibility, structure, and next steps.