Florida Asset-Based & Depletion Loans For Purchase or Refinance
What Is an Asset Depletion Loan?
Your financial picture includes more than a paycheck. An asset depletion mortgage allows eligible borrowers to use verified savings, investments, and certain retirement assets to help qualify for a home loan.
These programs may be a good fit for retirees, business owners, and others whose assets tell a fuller story than traditional income documents. Depending on the program, lenders calculate qualifying income from eligible assets or evaluate whether those assets meet specific coverage requirements.
At Select Home Loans, we help Florida buyers and homeowners explore asset depletion and asset qualifier options through our lending partners. We’ll explain how your assets may be considered, along with credit, down payment or equity, and other qualification requirements.
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Why choose Select Home Loans?
- Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Jumbo, Non-QM Loans, HELOC, Second Mortgages, and DSCR Loans.
- Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
- Customized service: Solutions crafted to meet your specific requirements.
- Established credibility: A reputation built on trust and experience.
Exploring Asset Depletion Mortgages in Florida
Whether you’re purchasing a Florida home or refinancing your current mortgage, we’ll take time to understand your plans and the resources you’ve built.
Eligible assets may include checking and savings balances, brokerage accounts, and certain retirement accounts. How much can be counted depends on the account type, access to the funds, and the program. Funds needed for your down payment, closing costs, and reserves may also affect the calculation.
We help you compare available options and understand the documentation needed to verify your assets. From reviewing account statements to explaining estimated payments and costs, we’re here to make the details easier to understand so you can decide with confidence.