Why Choose an Asset-Based / Depletion Loan in Florida
Asset-based or asset-depletion loans are designed for borrowers with significant savings or investment portfolios who may not have consistent monthly income. Instead of using pay stubs or tax returns, lenders evaluate your liquid assets to determine repayment ability.
This type of loan is ideal for retirees, investors, self-employed professionals, and anyone who wants to leverage wealth rather than wages to qualify. It provides flexibility and privacy—offering a straightforward path to homeownership or refinancing without the need for employment documentation.
At Select Home Loans, we specialize in helping Floridians convert their assets into opportunity—offering transparent guidance and customized solutions that align with your financial profile.
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Asset-based and asset-depletion loans qualify high-net-worth borrowers who have substantial assets but limited or unconventional income — typically retirees, business owners between exits, or borrowers living off investment portfolios. The lender derives a qualifying income from a percentage of your liquid assets divided across the loan term.
Florida is home to a large retiree and high-net-worth population, and these programs are written every day in coastal markets. We accept brokerage statements, retirement accounts, business bank balances, and (for some programs) real-estate holdings as qualifying assets.
Asset-depletion is a powerful tool when traditional income documentation doesn't tell the full story. Combined with our other Non-QM products, we can structure financing for nearly any borrower scenario.
The lender takes a percentage of your eligible liquid assets (often 70%) and divides it by 60–360 months to derive a monthly income figure used in your DTI calculation.
Cash, brokerage accounts, retirement accounts (with age adjustments), and certain other liquid holdings. Real estate equity is generally excluded.
Most programs want to see at least the loan amount in eligible assets, plus 12+ months of payment reserves.
Yes — we can blend rental income, social security, pension, or business income with depletion income to maximize qualifying.
Most programs start at 680, with better pricing at 720+.
