Yes — asset depletion Non-QM is built for Indiana buyers whose liquid net worth supports the mortgage even when there is no paycheck on the file.
Conventional underwriting starts with employment: pay stubs, W-2s, and tax returns. Asset depletion flips that model. Lenders calculate monthly qualifying income from eligible cash, brokerage, and retirement balances — then run DTI against that figure.
That path fits retirees, buyers between careers, high-net-worth households with low reported income, and anyone whose balance sheet is stronger than a traditional income document.
Credit, down payment, reserves, and property guidelines still apply. Employment verification is what drops off when assets alone clear the payment.
Guidelines vary by investor, credit, and loan amount. This overview is educational — your file is reviewed against current product rules.
Asset depletion shines when traditional income docs understate what you can afford.
Living on investments, Social Security, or pension — with a liquid portfolio large enough after haircuts to support PITIA and reserves.
Strong cash and brokerage balances while you transition jobs or businesses, without needing two years of W-2 history.
Aggressive write-offs or irregular distributions leave conventional DTI thin — but marketable assets tell a different story.
One spouse retired or not working; household liquidity still supports the mortgage on a Non-QM asset calc.
You do not have to rely on depletion alone. Documented Social Security, pension, annuity, alimony, or rental income can often be added to the monthly asset-based figure — lowering the portfolio size required to clear DTI.
If you still have some W-2 or self-employment income, certain investors allow blending those streams with depletion. Ryan & Steve choose the structure that uses your strongest numbers without over-documenting a weak tax return.
When conventional may still win
Related asset depletion guides and Non-QM resources from Ryan & Steve.
How retirees use portfolios — with or without a paycheck.
Why depletion is a calculation, not a forced cash-out.
Credit, equity, reserves, and liquid asset size guidelines.
Full program hub and application steps.
2MG Daily
Recent articles on asset depletion financing, Non-QM options, and retiree qualifying.
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Sep 4, 2026 • 2MG Daily
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Yes — many Non-QM asset depletion programs do not require a job, pay stubs, or W-2s. Eligible liquid assets are converted into monthly qualifying income for DTI, so employment verification is often skipped when the portfolio supports the payment and reserves.
Yes. Asset depletion removes the employment income requirement, not credit, equity, appraisal, or reserve guidelines. Mid-600s+ credit and 20–30%+ down are common starting points.
Social Security, pension, annuity, and other documented non-employment income can often be stacked with depletion income. That can reduce how large a portfolio you need.
No. Bank statement programs qualify on deposit history from self-employment. Asset depletion qualifies on liquid net worth — a better fit when you are retired, between careers, or asset-rich with low reported income.
Ryan & Steve will confirm whether your liquid portfolio clears DTI without employment income — before you apply.