Asset Depletion Loans

To understand an Asset Depletion Loan Program, you must first understand what Asset Depletion is in general. Asset Depletion, which is also known as Asset Dissipation, is what you get when your liquid assets are calculated using a specific formula to provide you with monthly income for qualifying. The income may also be added to any additional monthly income currently being received. This method of qualifying helps you obtain a mortgage loan when you have limited sources of employment income, but substantial assets. First Savings Mortgage offers Asset Depletion Loan Programs.

Is an Asset Depletion Loan Program right for me?

Factors that could make you a good candidate for an Asset Depletion Loan Program:

  • Your assets are within the United States
  • You are thinking of using Trust assets and have 100% unrestricted access to them with necessary documents to provide proof
  • You have minimal income coming in but a significant amount of assets
  • You are self-employed
  • You are retired or close to retirement

As you can see, assets can in fact assist you in getting a mortgage. Asset Dissipation loans vary in many forms an depending on your situation. For this reason, your APR, specific loan type, rate, payment plan, and fees will all be determined after all the calculations of your assets are concluded.

Talk to an expert Loan Officer today to discuss all of your mortgage loan options.

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