Which accounts can be considered for asset-based qualifying?

Programs commonly consider bank and investment accounts, and may allow certain retirement funds when eligible. Acceptable accounts and documentation are confirmed up front.

Can asset-based qualifying be combined with other income sources?

Often yes. Asset-based capacity can be reviewed alongside Social Security, pension, or other documented income sources to strengthen approval.

Are second homes or investment properties eligible?

In many cases, yes—subject to program rules for occupancy, property type, and loan purpose. We confirm eligibility for your scenario.

How are my monthly payments determined?

Payments depend on the interest rate, loan amount, and terms you select. We price live options and provide side-by-side comparisons, including points vs. rate choices.

What documentation will I need to provide?

Recent, complete statements for accounts being considered, plus standard identity and property documentation. We provide a checklist to simplify gathering items.

Use retirement savings or investments to qualify for a mortgage — no income, employment, or tax returns required.

Asset Depletion Loans allow a borrower to qualify for a mortgage using documented assets as the basis for repayment capacity rather than standard W‑2 or self‑employment income. A lender verifies eligible accounts and estimates an “income equivalent” by spreading available assets over a reasonable period for underwriting. This approach can help retirees, high‑savings households, and buyers with complex or variable income. The JD.Mortgage team at PRMG—hybrid direct lender and broker—structures asset‑based options for purchase and refinance in 49 states (excluding NY).

Asset Depletion Loans

Asset Depletion Loans use your documented savings and investments to demonstrate the ability to repay a mortgage without relying on traditional employment income. Instead of proving earnings, you show capacity through accounts you already hold. See if assets can help you qualify.

How Asset Depletion Loans Work

The lender reviews your verifiable assets (for example, bank and investment accounts), confirms documentation, and converts a portion of those balances into an “income equivalent” by spreading them over a set number of months for underwriting purposes. You retain ownership and control of the accounts; the goal is simply to show that your resources can comfortably support the proposed payment. View our Mortgage Process to see the steps.

Who Asset Depletion Works Best For

This is commonly a fit for retirees drawing from savings, buyers with substantial liquid assets but irregular income reporting, and clients who prefer not to use business returns to qualify. It can also help households prioritizing flexibility around taxes and cash‑flow planning. Explore loan options that can pair with asset‑based qualifying.

What May Count As Assets

Programs typically look at funds held in checking, savings, money market, and investment accounts, and may consider certain retirement accounts when eligible. Documentation generally includes complete, recent statements and confirmation of ownership. We’ll outline exactly what to gather so underwriting is straightforward. Ask us to review your accounts.

Asset Depletion Loans vs. Bank Statement Loans

Bank statement loans estimate income from deposits over time; asset depletion estimates income from balances on hand. If you have strong savings but uneven deposits, asset depletion may be simpler; if deposits are consistent but balances lower, bank statements may be better. We’ll compare both with clear scenarios. See our Non‑QM overview.

Property Types and Purposes

Asset‑based qualifying can be available for primary homes, second homes, and investment properties, for both purchase and refinance (subject to program rules). We’ll confirm eligibility for condos, single‑family, and 2‑ to 4‑unit properties. Review purchase options.

Pricing, Terms, and Qualification

Final terms depend on market conditions and your file’s specifics. We’ll price options across conventional‑like alternatives and Non‑QM investors, and provide side‑by‑side comparisons including interest rate choices, points, and payment outcomes. Model payments with our calculator.

Ability‑to‑Repay and Suitability

All programs still require a reasonable Ability‑to‑Repay review. We help confirm comfortable post‑closing liquidity, sustainable payments, and a structure that matches your goals. Learn more about ATR at the CFPB.

When Another Path May Be Better

If your assets are tied up for other plans or you prefer to qualify from cash‑flow, alternatives like bank statement, full‑doc conventional, DSCR for investment, or a second/HELOC may be more suitable. We’ll show clear trade‑offs so you can choose confidently. Consider HELOC and second‑mortgage options.

Why Work With the JD.Mortgage Team at PRMG

As a hybrid direct lender and broker, we can underwrite in‑house or place your file with specialty investors to expand approvals and sharpen terms. We lend in 49 states (excluding NY) and prioritize clarity, speed, and a low‑friction close. Learn more about the JD.Mortgage team at PRMG.

Frequently Asked Questions: Asset Depletion Loans

Here are answers to common questions about this qualifying method. Jump to the FAQ section now.

Next Steps

We’ll inventory your accounts, estimate qualifying capacity, and compare multiple structures so you can see exactly how an asset‑based approach performs against alternatives. Start a quick conversation with our team.

Asset Depletion Loans FAQs

Do I have to spend my savings to qualify?
No. The lender verifies accounts and estimates a monthly capacity for underwriting. You remain in control of your funds. Ask us how this would look for you.

Which accounts can be considered?
Typically bank and investment accounts; some programs may also consider certain retirement funds when eligible. We’ll confirm exactly what’s acceptable before you gather documents. See related options.

Can I combine asset‑based qualifying with other income?
Often, yes. Asset‑based capacity can be considered alongside Social Security, pension, or documented income sources. Compare combinations.

Is this only for primary residences?
Not necessarily. Some programs permit second homes and investment properties, subject to guidelines. Review purchase pathways.

How are payments determined?
We price current market options, outline points versus rate choices, and show the monthly payment alongside estimated capacity from assets. Run payment scenarios.

What’s required from me?
Recent, complete statements for the accounts you want considered and basic identity and property documentation. We’ll provide a simple checklist. Request the checklist.

✅ Why Choose Asset Depletion

Qualify without job or tax returns
Use retirement or investment accounts
Works for primary, second home, or investment
Ideal for lifestyle transitions or early retirement

Let Your Savings Open Mortgage Doors

Check My Eligibility!

J.D. Peck

Qualify Using Assets Instead of Income