Who Should Apply?

• Investors

• Entrepreneurs

• Existing Homeowners

• Cryptocurrency Borrowers

Let's Talk About Asset Depletion Loans

 

Asset depletion is a way to qualify for a loan using substantial assets rather than income from employment. Asset depletion loans use your assets as collateral instead of your income. The program allows you to deplete your assets as a way to count that money as income for the duration of the loan.

 

When do Asset-Based Loans make sense?

Asset-based mortgages are designed for home buyers and homeowners who have significant verifiable assets and would benefit from alternative loan qualifications.

 

Borrowers who use an asset depletion program to qualify do not need to show any other sources of income or employment. If their assets are sufficient to pay for the loan — as well as regular living expenses — they can qualify based solely on the asset depletion calculation.

 

Criteria for Asset-Based Loans

• No employment or income documentation is required.

• Must have a credit score of 660 or above.

• Loan amount between $150,000 and $3,000,000.*

• All occupancy types are allowed.

• Qualification is determined solely based on the Applicant’s liquid assets and assets that they can liquidate without restriction.

*Maximum loan amount exceptions on a case-by-case basis. Additional criteria may apply.