No paycheck. No tax return that shows income. But real money in the bank. An asset depletion loan turns your savings, brokerage, and retirement accounts into a monthly income number. Retirees, sellers who cashed out, and owners between businesses use it every week. 660 score. Up to 80% of the home’s value. Colorado Springs based, 25+ years.
No SSN required. No credit pull. Takes about 2 minutes.
How It Works
We add up your eligible assets. We apply a haircut by account type. We subtract your down payment, closing costs, and reserves. Then we divide what is left by a set number of months. That is your income. Nothing gets sold. Your portfolio stays invested. It is a math model, not a withdrawal.
Cash, checking, savings, money market
Counts at 100%.
Stocks, bonds, mutual funds
Counts at 80% of what is left after your down payment and reserves come out.
401(k), IRA, vested retirement
Counts at 70%. You do not have to be drawing from it. You must have full access as of the note date.
Not eligible
Business accounts. Foreign assets. Anything you cannot document six months of.
Three Paths
Sources: PRMG Non-QM Income Qualifying product profile dated June 4, 2026 and the Alternative AUS Solution product profile. Terms change. Confirm on your file.
The 84-month path makes the most income per dollar. The 240-month path needs about three times the assets but allows cash-out. The total asset path skips the debt ratio entirely and never asks about a job. We run all three and show you the difference.
Who Uses This in Colorado Springs
Military retirees
Pension plus a TSP and a paid-off house at the last duty station. The TSP counts at 70%. The pension counts as income on top.
Business sellers
Sold the company, sitting on the proceeds, and the tax return shows a one-time gain and nothing else. The assets carry the file.
Early retirees and FIRE buyers
No W-2 on purpose. A large brokerage account and a plan. This is the loan built for you.
Owners between businesses
Closed one, starting the next, under two years on the new one. Asset depletion does not require a self-employment history.
Trust beneficiaries
Trust assets count at 100% when you are the creator, trustee, and sole beneficiary.
Move-up buyers with equity
Sold in California, moving to Black Forest with cash. Assets qualify the loan while the paycheck catches up.
What You Need to Qualify
Why Colorado Springs Has So Many Self-Employed Buyers
This is a military town. Military towns run on small business. Contractors who serve Fort Carson, Peterson, Schriever, and the Academy. Spouses who built a business that moves with each PCS. Veterans who got out and started a company. Real estate agents. Home builders. HVAC and plumbing shops. Cleaning companies, gyms, salons, and food trucks. And a growing number of remote 1099 workers who picked the Pikes Peak region on purpose.
The problem is the same for all of them. A good accountant lowers your taxable income. A bank reads that lower number as your pay. So the owner who keeps the most money is often the one who gets told no. We fix the document, not the business.
Myths
Myth: I have to sell my investments. No. Nothing is liquidated. The lender divides the balance to create a number.
Myth: It is only for retirees. A 35-year-old with a large brokerage account qualifies the same way a 70-year-old does.
Myth: I can pull cash out. Not on the 84-month path. Cash-out needs the 240-month Alt-AUS path or the total asset path.
Every Colorado Springs Self-Employed Page We Have
Sorted by how you get paid and what you are trying to do.
Colorado Springs self-employed mortgage hub
Every self-employed and business-owner loan path we run in Colorado Springs, sorted by how you get paid.
Bank statement loans in Colorado Springs
Qualify on 12 or 24 months of deposits. No tax returns.
P&L loans in Colorado Springs
Your CPA’s profit and loss statement is your income.
1099 loans in Colorado Springs
100% of your 1099 income counts. No expense haircut.
Alt-AUS jumbo in Colorado Springs
Above $832,750 with clean tax returns and a DTI up to 49.99%.
Self-employed refinance in Colorado Springs
Rate-and-term to 89.99%. Cash-out to $1,500,000. No tax returns.
DSCR loans in Colorado Springs
Rentals qualify on rent, not your income.
Jumbo loans in Colorado Springs
Broadmoor, Flying Horse, Black Forest. Eight jumbo paths.
Contractor and trades mortgages
Built for builders, HVAC, plumbing, electrical, and every trade in El Paso County.
Realtor and commission-income mortgages
1099 agents and commission earners. Variable income, handled.
Rental property investor loans
House-hack, BRRRR, and out-of-state buyers. DSCR, bank statement, and HELOC paths.
Colorado Springs Asset Depletion FAQ
What is an asset depletion loan?
A home loan that turns your liquid assets into a monthly qualifying income. Eligible assets are reduced by a haircut, minus your down payment and reserves, then divided by 84 or 240 months. No job or tax return is required on the 84-month and total asset paths.
Do I have to sell my investments?
No. Nothing is liquidated. Your portfolio stays invested. The lender only uses the balance for the calculation.
How much do retirement accounts count?
70% of the vested balance. You must be the sole owner with full access to the funds as of the note date. You do not have to be taking withdrawals.
What credit score do I need?
660 on the 84-month and total asset paths. 661 to 680 on the Alt-AUS 240-month path depending on the scenario.
Can I do a cash-out refinance with asset depletion?
Not on the 84-month path. Cash-out is allowed on the Alt-AUS 240-month path, which needs $1,000,000 in net eligible assets and two years of tax returns, and on the total asset calculation path.
Can I buy a rental in Colorado Springs with asset depletion?
No. Asset depletion is for a primary home or second home. A DSCR loan qualifies a rental on its rent instead.
Do I need a job or self-employment history?
No. That is the point of the program. Retirees, business sellers, and buyers between careers qualify on assets alone.
How much can I borrow?
Up to $3,000,000 at 80% of the home’s value. First-time buyers are capped at $1,500,000.
Full program details are on the national asset depletion loan guide. If you have some income too, the Colorado Springs self-employed hub covers how the paths combine.
Written by
J.D. Peck
Area Manager and Mortgage Loan Originator at Paramount Residential Mortgage Group, Inc. NMLS #314883. 25+ years of mortgage experience, 3,100+ closed loans, Scotsman Guide Top Originator 2026.
Last updated: September 9, 2026. Loan program parameters subject to change — confirm current eligibility on your specific scenario before relying on any figure shown.
Send Your Account Balances
Two minutes to start. No SSN. No credit pull. We run the math three ways and tell you which path approves at the best terms.
What are you looking to do?
No SSN required. No credit pull. Takes about 2 minutes.