Asset-Based / Depletion Refinance – Florida Lender
An Asset-Based or Asset-Depletion Refinance allows homeowners to qualify using their liquid assets rather than traditional income documentation. Instead of relying on pay stubs or tax returns, lenders calculate an income equivalent based on savings, investment accounts, retirement funds, or trust assets.
This refinance option is ideal for retirees, high-net-worth borrowers, investors, or anyone whose lifestyle is supported by assets rather than monthly wages. It offers a flexible path to lower rates, reduced payments, or equity access—even if your declared taxable income is low.
At Select Home Loans, we simplify the asset-based refinance process, ensuring your financial profile is evaluated accurately and efficiently so you can secure the terms and flexibility you need.
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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+.
