Asset Based Mortgage
Qualify for a Mortgage Using Your Assets.
No Income or Employment Required!
Below are some of the advantages that asset based mortgages (also known as “asset depletion loans”) offer:
How it Works
An asset based mortgage is a type of mortgage program that allows you to qualify using your assets instead of income. You are not required to be employed, or to have any income. Instead your assets are used to determine your ability-to-repay your mortgage. These programs are also known as “asset depletion loans”.
The types of assets that you can use depends on the lender. Most asset based mortgage lenders will let you use 100% of your liquid assets, and a percentage of your retirement and investment accounts (usually around 70%). The total amount of your eligible assets will then be divided by a certain number of months (such as 60 months) to create your qualifying “monthly income”.
If you would like to see if you qualify for an asset based mortgage, please request to get matched with a lender. You will be provided with a free consultation, and the opportunity to get pre-approved for an asset depletion loan.