Who it is for
- Retirees
- High-net-worth borrowers with irregular income
- Recently sold a business
Typical Asset Depletion Loans requirements
| Calculation | Eligible assets ÷ 60–120 months (varies by lender) |
|---|---|
| Eligible assets | Checking, savings, brokerage; retirement often at a discount |
| Minimum credit | Typically 660–700 |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
How it works
- Total eligible assets after down payment and reserves.
- Divide by the lender’s month count.
- Use the result as monthly income for DTI.
Try the Home Affordability Calculator
Pros and cons
Advantages
- No employment needed
- Can combine with other income
Trade-offs
- Needs substantial liquid assets
Documents you’ll need
- 2–3 months of asset statements
Asset Depletion Loans FAQ
How much do I need for an asset depletion loan?
It depends on the payment. With a 60-month divisor, $1,000,000 in eligible assets creates about $16,667 per month of qualifying income.
What assets count for an asset depletion loan?
Checking, savings and brokerage accounts count at full value. Retirement accounts usually count at 60 to 70% since accessing them early has penalties.
Do I need to be retired?
No. Anyone with substantial liquid assets and little traditional income can use it, including people between businesses or living off investments.
What credit score do I need?
Typically 660 to 700, with the best terms at 720 and up.
How much down do I need?
Usually 20 to 25%. These are not low-down-payment programs.
Can I combine asset income with other income?
Yes. Many borrowers pair asset depletion with Social Security, pension or part-time income to qualify for more.
Do the assets need to be seasoned?
Lenders want to see the assets have been yours for a while, usually 2 to 3 months of statements. A sudden large deposit will raise questions.
What happens to the assets after closing?
Nothing. You do not spend them or pledge them. They just sit there as the basis for your qualifying income.
Asset depletion vs bank statement loan?
Asset depletion fits people with big savings and little income. Bank statement loans fit people with strong cash flow but low taxable income. Some borrowers qualify under both.
How Asset Depletion Loans compare
| Asset Depletion Loans | Bank Statement Loans | Jumbo Loans | |
|---|---|---|---|
| Best for | Retirees | Business owners and self-employed borrowers with heavy write-offs | Luxury and high-cost-market purchases |
| Down payment | , | , | Typically 10–20% |
| Credit | Typically 660–700 | Typically 620–660 | Typically 680–720+ |
| Income docs | , | , | , |
Typical ranges, your Loan Estimate or term sheet confirms actual terms.
Coming soon: a 2-minute walkthrough from our loan team.
Related programs
Bank Statement Loans
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Jumbo Loans
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.