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Asset depletion is a method of helping asset rich borrowers qualify for financing


Asset rich individuals who are unable to provide a qualifying employment history or sufficient income may find one of our Asset-Depletion Loans an ideal solution.   Many borrowers have assets but their income is not sufficient to qualify for a loan.  Maybe the borrower is self-employed and their tax returns do not indicate enough income to qualify.  Or maybe the borrower is retired and no longer has enough income.  After all, the borrower’s assets, such as bank accounts, investment or retirement accounts, or stocks, bonds, cd's and mutual funds…, are income bearing vehicles.


At  Premier Lending Group, Inc., we can help our clients qualify for financing using Asset depletion by:

  1. calculating monthly income by dividing a borrower’s total assets by a set number of months;

  2. show that our clients have enough available assets to pay the loan off in full.

An Asset Depletion Loan may be right for you if:

  • You’re a first-time or repeat homebuyer; or

  • You have at least 20% to put down;

  • You are unable to qualify for financing using due to employment history or ability to show other sufficient forms of income  

Features and Benefits from Premier Lending Group, Inc.:

  • Down payment: 20% or more

  • Purpose: Purchase, refinance, and cash-out

  • Borrowers not required to cash in their assets as they're only used to demonstrate an ability to make the mortgage and housing payments or pay the loan off in full

  • Asset depletion can be used in conjunction with other forms of income or can be used without any other source of income or employment

  • Occupancy: Primary residences, second homes and investment properties

  • Loan amounts: Loan amounts up to $3,000,000

  • Property types:  single-family, 2-4 unit properties, condominiums and properties in Planned Unit Developments (PUDs)

  • other requirements and conditions apply


We will meet your needs and exceed your expections.  For more information, please complete our form below:


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