Qualify on liquid assets—not a paycheck. Asset depletion Non-QM for Indiana retirees and high-net-worth buyers from The 2 Mortgage Guys.
Qualify on liquid assets — not a paycheck. Built for Indiana retirees, high-net-worth buyers, and investors whose balance sheet is stronger than their W-2 income.
An asset depletion loan is a Non-QM mortgage that turns your liquid net worth into qualifying income . Instead of W-2s or tax returns, lenders take eligible assets, apply any required haircut, and divide by a term factor — often the loan term in months — to create a monthly income figure for DTI.
Retirees living on investments, buyers between careers, and high-net-worth borrowers with low reported income are common fits. You do not have to liquidate everything at closing — underwriting uses a calculated depletion schedule so your portfolio can support the payment on paper.
Guidelines vary by investor, credit, and loan amount. This overview is educational — every file is reviewed against current product rules.
How income is figured
Eligible liquid assets
Haircut / usable %
Loan term (months)
Result = monthly qualifying income used for DTI. Retirement accounts and brokerage balances often count at a reduced percentage; cash and checking usually count higher.
From listing your accounts to closing — without an employment income calc.
Borrowers whose liquid assets tell a stronger story than a traditional income document.
Not the right fit if…
— You have clean W-2 or 1099 income that already qualifies conventionally
— Your liquid assets are too thin after down payment and reserves
— Investment cash-flow deals may fit better as DSCR
Exploring other Non-QM options?
Underwriting converts eligible liquid assets into a monthly income figure. That closes the gap for retirees and asset-rich buyers whose tax returns or pay stubs do not reflect their ability to carry a mortgage.
Typical formula: assets ÷ loan-term months
Common Non-QM asset depletion ranges — your scenario may differ. We confirm exact numbers before you make an offer.
All loans subject to credit and property approval. Program guidelines vary by investor and change without notice.
A complete asset package speeds underwriting. Incomplete statements, unexplained large transfers, or assets already pledged for down payment are the usual delays.
Mortgage Knowledge Center
Straight answers on asset depletion qualifying, income calculation, eligible accounts, Social Security and employment stacking, credit, DTI, property types, second homes, investment use, refinance, documents, and fit — written for Indiana buyers.
Talk with Ryan and Steve about an asset depletion pre-approval — we review your liquid accounts and haircuts before you apply so the numbers make sense.