Asset Depletion

self-employed or have significant liquid Assets

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Asset Depletion Qualification is simply an Underwriter’s tool to apply more qualifying income by calculating a return on the borrower’s “liquidable” assets. An Asset Depletion Loan is a great program for helping home buyers qualify for a loan despite not having “enough” verified income on their tax returns.

Asset Depletion qualifying is where the lender will derive an income from the borrowers assets and add it to their verifiable income from their tax returns.

Below is a list of assests that are acceptable for an Asset Depletion.

  • Cash or cash equivalent
  • Money market accounts, savings accounts, checking accounts
  • Trust Funds
  • Investment portfolios: stocks, bonds, mutual funds, etc.
  • Retirement accounts (but only if the borrower is of retirement age: 62)

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