A loan that lets you qualify using the value of your assets — like savings, investments, or retirement accounts — instead of traditional income documentation.

Eligible asset balances are totaled, sometimes reduced for retirement accounts, then divided by a qualifying term (commonly 240 months) to produce a monthly qualifying income figure.

Checking, savings, brokerage accounts, stocks, bonds, and retirement accounts including IRAs and 401(k)s may all be eligible, depending on the program.

In many cases, yes — though retirement accounts are often counted at a reduced percentage of their balance rather than full value.

Not necessarily. Asset depletion programs are specifically designed for borrowers with little or no traditional reportable income.

Requirements vary by lender, but many programs look for a credit score in the 660+ range.

Minimums vary by program, but many start in the $500,000–$1,000,000 range in eligible assets.

Asset depletion is one type of Non-QM (non-qualified mortgage) program — a category designed for borrowers who don’t fit conventional income documentation rules.

Yes — this is one of the most common borrower profiles for asset depletion mortgages.

Depending on the program, asset depletion loans may be available for primary residences, second homes, and investment properties.

The terms are often used interchangeably, though “asset utilization” sometimes refers more broadly to any program using assets to support qualification, including blended income approaches.

As a Non-QM program, rates can differ from conventional financing. Your specific rate depends on your overall profile and is provided during the consultation and underwriting process.

Yes — many self-employed borrowers use asset depletion as an alternative when tax-return income doesn’t reflect their actual financial strength.

No. In most cases, your assets are used to calculate qualifying income — you don’t need to withdraw or sell them.

Many programs require 6–12 months of reserves in addition to the assets used in your qualifying calculation, though this varies by lender.

In many cases, yes — asset depletion income can often be combined with other documented income for qualification.

Single-family homes, condos, townhomes, and small multi-unit properties (2–4 units) may be eligible, depending on the specific program.

Yes, asset depletion mortgages still require a down payment; the required amount depends on the specific loan program and your financial profile.

Timelines vary, but many borrowers complete pre-approval shortly after submitting account statements and required documentation.

Yes — asset depletion calculations can be used for both purchase and refinance transactions, including cash-out refinancing.

Yes, Andes Mortgage offers asset depletion programs across all four of our licensed states: Georgia, Florida, Texas, and South Carolina.

Typically, 2 months of account statements for each asset account you want to use, along with standard mortgage application documentation.