Asset Depletion Income and Jumbo Bank Statement Loans
Asset Depletion loans offer flexible qualification for borrowers with substantial liquid assets, using those assets in place of traditional income documentation. Ideal for high-net-worth individuals or retirees, this super jumbo mortgage product allows up to 80% LTV with a $2,500,000 loan amount, a 660 minimum credit score, and a 40-year term with a 10-year interest-only option. Tailored for borrowers who prioritize cash flow and long-term financial strategy.
Asset Depletion 660 Credit Score
For borrowers that prefer, for whatever reason, not to provide their tax transcripts with a lender that does not require them and in addition, does not require a signed or executed Form 4506-C.
Asset Depletion to Offset Income Ratios
Bank Statements can also be utilized to supplement income. This can be done under any loan program within this program’s core product offering including the Super Jumbo program to 5 million. This loan is for borrowers that cannot or choose not to document their income but also have a considerable amount of liquid assets. The difference between this loan and a regular Bank Statement loan is the super jumbo loan amounts and the loan program flexibility, making it all-around easier to qualify for.
Loan Program Breakdown
“Asset depletion mortgage”: Frames the product clearly.
“Use liquid assets (cash, investments, retirement) as qualifying ‘income.'”: Highlights the core mechanism.
“No W-2s or tax returns required—ideal for asset-rich borrowers.”: Signals the flexibility and target audience.
Loan Purpose Purchase, Cash Out Refinance
Eligible Property Types:
- Single Family Residence – attached and detached
- Condominiums <4 stories
- 1-2 Units
- 3 Units
- 4 Units
Eligible Occupancies:
- Owner-Occupied Primary
- Owner-Occupied Investment
- Investment
- Second/ Vacation
Underwriter Notes:
- Auxiliary Dwelling Unit (ADU) – OK
- Full Income Documentation Pricing
- Eligible Liquid Assets: CD’s, Monet Market, Stocks, etc. Speak to your Loan Officer (800) 718-8906 additional information
- 24-48-Hour Underwriting Turn-Time
Credit Scores: 640 Middle Credit Score, the Middle of the three credit scores or lower of two
Highly qualified borrowers with strong credit and reserves are not getting the mortgage loans they should.
Available in the Following States:
Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, Wisconsin, and Wyoming.