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Asset Depletion
An asset depletion mortgage loan, also known as an asset-based mortgage or asset qualification loan, is a type of mortgage that allows borrowers to use their liquid assets, such as savings, investments, or retirement accounts, to qualify for a home loan instead of relying solely on traditional income documentation. No income documents are required.
Asset-Based Qualification
Instead of relying solely on traditional income sources such as employment or self-employment income, lenders consider the borrower's assets to determine their ability to repay the loan. Liquid assets such as savings accounts, stocks, bonds, mutual funds, retirement accounts, and other investments are considered in the underwriting process.
Asset-Depletion Calculation
Lenders calculate the borrower's monthly income based on a specified percentage of their liquid assets. This calculation typically involves dividing the total value of the assets by a predetermined number of months, such as 360 or 180, to determine the monthly income used for qualifying purposes.
Credit Requirements
Borrowers still need to meet credit requirements to qualify for an asset depletion mortgage loan. Lenders assess factors such as credit score, credit history, and debt-to-income ratio to determine the borrower's creditworthiness.
Down Payment
Asset Depletion mortgage loans require a down payment, although the specific amount can vary depending on factors such as the borrower's credit profile and the lender's requirements. The minimum down payment required is 20%

NMLS #2051275
• www.nmlsconsumeraccess.org

• Licensed by:
o District of Columbia Department of Insurance, Securities & Banking #MLB 2051275
o Florida Office of Financial Regulation #MBR4894
o Maryland Office of Financial Regulation #2051275
o Virginia Bureau of Financial Institutions #MC-7155
• 4Ever Lending USA LLC arranges loans with third-party providers, does not make any mortgage loan commitments or fund any mortgage loans.
• For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.

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