12+ Loan Programs Tailored to Your Needs
Asset Depletion
Use your liquid assets to help qualify in lieu of income
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Asset Depletion Overview
Asset depletion loans convert liquid assets into qualifying income, making them ideal for retirees and high net worth individuals with substantial savings.
Key Program Details
Min Down Payment
20-30%
Min Credit Score
680+
Loan Limit
Up to $5M+
PMI/MIP Rules
Not required with 20%+ down
Advantages
- Uses assets instead of income
- No employment verification required
- Available for retirees
- Flexible qualification criteria
- No PMI with sufficient down payment
Considerations
- High down payment requirements
- Assets must be liquid
- Higher interest rates
- Limited to high net worth individuals
- Complex qualification process
Who This Loan Is Best For
Retirees with substantial assets
High net worth individuals
Those with irregular income
Borrowers with significant liquid assets
People seeking asset-based qualification
Quick Scenario Example
$1.2M purchase → $360K down (30%) → $4,836/mo P&I
$1.2M purchase
$360K down (30%)
$4,836/mo P&I
$1,200,000
Home Price
$360,000
Down Payment
$4,836
Monthly Payment (P&I)
5.625%
Interest Rate
Ready to Apply for Asset Depletion?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service