Asset Depletion Mortgage
An asset depletion loan from NASB allows borrowers who do not have traditional sources of income but have significant assets to qualify for a mortgage.
An asset depletion loan from NASB allows borrowers who do not have traditional sources of income but have significant assets to qualify for a mortgage.
Use your assets instead of income to qualify
Great option for self-employed borrowers
Borrow up to $1,000,000
An asset depletion mortgage loan, or an asset dissipation loan, is a non-QM loan that allows borrowers to use their substantial assets to qualify for a mortgage loan instead of employment income. Your assets are collateral for paying back the loan instead of your income. This type of asset-based lending uses different forms of assets, including money market accounts, checking or savings accounts, certificates of deposits, retirement accounts (such as 401K or IRA), or investment accounts such as stocks, bonds, and mutual funds. Borrowers that can benefit from an asset-based loan include those who are self-employed with insufficient traditional, verifiable income, retirees with low verifiable fixed income or individuals with many assets in the U.S.
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A minimum loan amount of $175,000 is required to apply*
Asset depletion is calculated by dividing your total assets by a determined period of months, to calculate the monthly “income” used to qualify for your home loan.
A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.
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