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Asset-Based / Depletion Loan Lender in Florida

A Quick Snapshot of Your Asset-Based / Depletion Loan Options

Use Assets Instead of Income

Qualify using your verified liquid assets—no employment history or tax returns required. Ideal for retirees, investors, and high-net-worth borrowers.

Flexible Asset Types

Savings, investments, retirement accounts, or trust funds can all be considered in your qualification calculation.

Depletion-Based Qualification

Lenders calculate a “monthly income” by dividing your total verified assets over a set period—offering stable qualification without traditional income.

Primary, Second, or Investment Homes

Use your asset base to finance various property types across Florida with flexible loan structures and competitive terms.

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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Where are You Now?

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I’m ready now! I’ve found a home

Apply For a Loan

I’m looking for a home

Get Pre-Approved!

I’m just researching

Something Else

Why choose Select Home Loans?

  • Trusted mortgage experts across Florida.

  • Specialized in self-employed and alternative income home loans.

  • Quick pre-approvals and competitive low rates.

  • Decades of combined mortgage experience.

  • Dedicated loan officers guiding you every step of the way.

  • Streamlined, secure, and easy online application process.

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Transforming Your Financial Goals Into Reality

15

Average to Close

3500

People found their dream home with Select Home Loans

40

More savings than you would get with some of our competitors

Secure Your Asset-Based / Depletion Loan Today

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Hear What Our Clients Have To Say!

“While visiting my wife's parents who have lived in Florida for a number of years, my wife and I decided to look for a new home. After looking at several homes for sale, my wife and I found the home we wanted. We mentioned to our real estate agent that we would need to obtain a mortgage as it would probably be a year until we were ready to sell our home in New Jersey and he recommended that we contact Select Home Loans. That was the best advice we received. Although we were some 1,300 miles away, our David Shefsky at Select Home Loans walked us through each step requesting the necessary documentation he needed. Two months later, we had our mortgage. One year after that, we became permanent Florida residents and Select Home Loans helped us achieve our goal. Thank you”

Re S.Boca Raton, FL

“I just wanted to send a note to thank you for all of your support and guidance throughout the mortgage process while purchasing our home. It could have been a nerve-racking experience and you very calmly guided me along the way and certainly made the experience much better than it easily could have been. Once again, thank you. It was a pleasure doing business with you and Select Home Loans.”

Isabel B & Gerald BWest Palm Beach, FL

“Thank you Scott, for your superb assistance with Barry & Sally! Really appreciate working with people that take their profession to that next level like you!”

Miriam L.Orlando, FL

“When I found a house I wanted to purchase, was new to the area and just picked a mortgage company out of a hat. Fortunately, this was Select Home Loans and my experience working with my Mortgage Banker was excellent. He was professional, knowledgeable, and efficient, as was his office staff. Although I had the financial resources to pay for the house, my financial situation was unusual, and he was up to the challenge of working out a loan for me with a good interest rate. From start to finish, the process went smoothly and without any surprises. Any potential hitches were dealt with quickly and effectively; his manner was always pleasant and he made himself very available. No long waits for him to call back. I highly recommend Select Home Loans.”

Judy M.Boca Raton, FL