Qualify for Higher Loan Amounts, Using Asset Based Qualification. No Tax Returns Needed.
Turn Your Investments Into A Powerful Source Of Additional Income.
Turn your savings, brokerage, or retirement accounts into qualifying income without liquidating assets. Our Asset-Based qualification allows us to divide eligible assets by as few as 60 months, to become "virtual income".
Traditional mortgage programs use interest and dividends, as documented on tax returns, as qualifying income.
For instance, on $1,200,000 of conservatively invested assets, you might receive 5% return per year--or $60,000. That's just $5000 per month of income showing on your tax returns.
With an asset qualification loan, that same $1,200,000 could be counted as qualifying income of up to $20,000 month, using our asset depletion formula.
Stack asset-based income with other recurring forms of income including W2, 1099, business bank statements, Social Security, Alimony, or Pension, or any other recurring income, for maximum borrowing power.
Let us analyze your asset statements to help you determine just how much you can borrow using this powerful product.
Why Choose Asset-Based Qualification?
Keep Your Money Invested and Available
Qualify for higher loan amounts, instead of liquidating your investments. Turn your savings, brokerage, and retirement accounts into qualifying income. Avoid triggering capital gains, or suffering losses in a down market.
Combine With Other Income For Maximum Borrowing Power
Combine asset-based qualification with W2, 1099, rental income, bank statement deposits, real estate equity, pension, social security or other recurring income, for maximum borrowing power.
No Tax Returns Needed
Have a great CPA? No worries. Keep your existing tax strategy, maximize deductions without sacrificing your ability to qualify for the financing you need. Turn savings, brokerage, or retirement accounts into qualifying income instead of liquidating.
How Asset Depletion Loans Work
Discover flexible financing designed for borrowers with strong liquid assets
Purchase Financing, Jumbo Loan Amounts
Qualify using assets only, or combine with other recurring income sources. Jumbo loan amounts, interest-only options, maximum flexibility.
Cash out refinance
Pull cash out for renovations or another purchase, without needing tax returns or regular personal income.
Private, Practical Solutions for HNW Borrowers
High Net Worth and UHNW borrowers know that leverage is a key component of long-term wealth building.
Multiple property types
Purchase or refinance 1-4 unit properties or condos. Owner Occupied or Investment OK. Versatile solution for portfolio growth.
No Personal Income Needed
Sporadic, Unpredictable or No Personal Income? Asset-based qualification turns your portfolio into borrowing power. Great for founders, consultants, entertainers, athletes, or professionals with sporadic income.
No Tax Returns Needed
Taxes showing a loss? No worries. We don't need them. Leverage your assets to purchase, refinance, or pull cash out of a property.
Expert broker support
Work with Jackie Cuneo, a pro with 15+ years mortgage expertise and deep experience with specialty financing including asset-based loans.
Withdraw Less, Borrow More. Asset Allocation That Makes Sense.
Keep your assets invested, and use leverage instead. Avoid triggering capital gains--or experiencing losses. Allocate your assets properly, by avoiding having too much equity in any one property.
Frequently asked questions about Asset Depletion Loans
What is an Asset Depletion loan and who qualifies?
Asset depletion loans are a powerful product that allows borrowers to use assets instead of recurring income to borrower more than conventional or jumbo loans allow.
This product is best for clients with significant liquid assets, although it can also be used to boost qualifying income for almost any borrower.
How does qualification without tax returns work?
With most NonQM specialty loans including asset-based qualification, we use a different set of guidelines.
Instead of looking at tax returns to calculate income, we analyze asset statements to derive "virtual income".
We are often able to qualify borrowers for significantly higher loans amounts using these methods.
Can I use asset based qualification to buy a home?
Yes, absolutely!
As with any purchase preapproval, it's important to start the analysis of your assets early in your home search process, so we can confirm your borrowing power.
We exclude any assets that will be used for downpayment and reserves, and the remainder of assets can be used to qualify.
We will request 12 months of statements from each account you'd like analyzed, so we can determine your borrowing power.
Tell me more about the interest only options.
Most NonQM specialty loans offer flexible payment options, including interest-only payments that can lower the monthly payment.
The asset-based qualification loans can be either 30 years or even 40 year loan terms, with a predictable fixed rate. The interest only loan options qualify based on the portion of the loan period that is fully amortized. So for instance, a 40 year loan with a 10 year interest only payment period would qualify on a 30 year fixed term, but the borrower would enjoy an interest-only payment for up to 10 years.
Borrowers are always free to pay down principal at any time, which would immediately lower the monthly payment based on the new loan balance.
How do I start the application process?
Getting started is simple. Schedule a consultation or just use the "apply now" button to begin your loan application. We will need the last 12 months of statements from your asset accounts to calculate your qualifying income.
We will also need a statement from each account from 12 months prior, to show that asset levels have remained somewhat consistent over the last year.
Can I divide any account balance by 60 to see my qualifying income?
Savings and Money Market accounts--any cash equivalent account can be divided by 60.
Securities and retirement accounts use a slightly different calculation to determine qualifying income.
Crypto may be used, but in some cases, must be converted to money market or other cash equivalent investments, prior to closing, to be used.
The best way to figure out your qualifying income is to have us perform a free, no-obligation analysis of your asset and retirement account statements.
Schedule a consult, or use the "apply now" button to begin.