Alternative income
Asset depletion loans. Qualify on what you've saved
Use your savings and investments to qualify instead of a paycheck. We shop your loan with 130+ lenders.
What an asset depletion loan is
The lender converts your eligible assets, such as savings, investments and retirement accounts, into qualifying monthly income.
It's a great fit for retirees, investors and anyone whose wealth is in assets rather than salary.
Who it fits
- Retirees
- Investors and early retirees
- Borrowers between jobs with strong assets
- Buyers of second homes
The steps
How it works with us
- Tell us about your assetsWhich accounts you have and roughly what they hold.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Pick the best fitEach lender counts assets a little differently. We find the one that fits.
- CloseWe keep the appraisal, lender and title moving, and get you to closing.
Get ready
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Photo ID for everyone on the loan
- Statements for savings, investment and retirement accounts
- Purchase contract or current mortgage statement
Questions
Good to know
What assets count?
Savings, investment and retirement accounts are commonly used. Each lender has its own rules.
Do I need a job to qualify?
No. Asset depletion is built for borrowers who qualify on assets instead of employment.
Can I combine it with other income?
Many lenders allow it, such as Social Security or a pension.
Can I use it for a second home?
Yes. Many asset depletion programs work for primary and second homes.