Portfolio review
Two months of statements across the accounts you intend to use.
Income that is not a salary
Asset depletion loans
Qualify on portfolio balances rather than paystubs
The short version
Retirees, people between exits and buyers living off a portfolio often have plenty of money and very little documentable income. Asset depletion converts eligible liquid assets into a monthly income figure using a set formula, and the loan is underwritten from there.
No employment or tax return income needed
Works for retirees, trustees and buyers between roles
Can be combined with pension, social security or rental income
Assets stay invested, they are not required to be liquidated
What you get on this program
The work that sits behind the rate quote.
An eligible asset map
Not every dollar counts. I sort the portfolio into what the formula accepts and what it does not before we apply.
Formula comparison
Different desks divide by different terms. The same portfolio can produce very different qualifying income.
Sequencing advice
If you are also selling a home, we plan which closes first so the assets are countable when they are counted.
Tax coordination
I will work alongside your CPA or advisor so a withdrawal does not undo the benefit.
How this one runs
The same sequence every time, adapted to the program.
Income calculation
Eligible balances converted into qualifying income, shown to you in writing.
Approval and shopping
Underwritten approval, then agent support through the offer.
Close
Typically 21 to 30 days.
What moves your pricing
Four levers underwriting looks at on this program, and what each one is worth.
| Factor | What it means for you |
|---|---|
| Account type | Retirement accounts are often counted at 70% of balance if you are under 59 and a half. |
| Seasoning | Balances generally need 60 days of history in the account. |
| Down payment | Most asset depletion programs start at 25% to 30% down. |
| Age | Some programs raise the eligible percentage once you can draw penalty free. |
Programs people compare this with
Jumbo home loans
For Santa Clara County prices above the conforming cap
- Loans to $3,000,000
- 10% down available to $1.5M
- Fixed and 7/6 ARM
6.250%sample rate, 6.341% APR
Self employed and bank statement
Twelve or twenty four months of deposits instead of tax returns
- 12 or 24 month statements
- Personal or business accounts
- No tax returns required
7.125%sample rate, 7.402% APR
RSU and equity income
Vesting schedules counted the way underwriting wants to see them
- RSU, ESPP and bonus income
- Public and pre IPO employers
- Portfolio backed down payments
6.250%sample rate, 6.341% APR
Asset depletion loans: the questions I get
Straight answers, including the parts other lenders leave out.
Still stuck on something
Call (408) 555-0124 or book a 20 minute slot. No documents needed for the first conversation.
No. The formula treats the balance as if it could be drawn down, but nothing has to be liquidated for the loan to close.
As a rough sample, a $2,000,000 eligible portfolio produces roughly $13,900 a month of qualifying income on a 12 year divisor. Formulas differ by lender.
Yes, fixed income streams can be added on top of the depletion figure on most programs.
Run your own numbers with me
Twenty minutes on asset depletion loans and whether it is really the right tool for your situation.
Sample figures across this site are illustrations, not quotes. Equal Housing Opportunity.