Qualify Using Your Assets — Not Your Monthly Income
Who This Program Is For This program is ideal for asset-rich buyers , including retirees, near-retirees, or individuals living off savings or investments. Retirement assets may be used starting at age 59½, and non-retirement investment or savings accounts require at least one borrower to be 62 or older.
If you have strong assets but limited or irregular income, an Asset Depletion loan may allow you to qualify for a mortgage by using your savings or retirement funds instead of traditional paystubs or tax returns.
How it works?
Instead of using employment income, lenders calculate a monthly “income” by spreading your eligible assets over time.
The remaining eligible assets are divided into a monthly qualifying amount
This calculated amount is used to determine your ability to repay the loan
Assets are reviewed and adjusted for funds needed to close
Eligible Property & Loan Types Primary residences (1–2 units) Second homes
Assets That May Be Used A variety of assets may be eligible, including: Retirement accounts such as 401(k)s and IRAs Investment and savings accounts Lump-sum retirement distributions Proceeds from the sale of a business Assets must be owned by the borrower, fully accessible, and not subject to penalties. Cryptocurrency is not eligible.
Purchase transactions No cash-out refinances Maximum loan-to-value up to 80% (some exceptions may apply)
DeAnn Ellis Davidson Senior Mortgage Consultant NMLS# 148916 | GA MLO# 25670 120 Second St. Suite 100 Monroe, GA 30655 Office: 855-ELEMENT Cell (770) 616.8042 EllisMortgageTeam.com DeAnnEllis@elementhl.com
Equal Housing Lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Equal Housing Lender. MLO licensing information: AL AL FL LO117378 GA 25670 SC MLO-148916 TN 148916 . NFM, Inc. d/b/a NFM Lending. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution. © 2025 NFM, Inc. dba NFM Lending. America’s Common Sense Lender® Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. nfmlending.com.
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