Who Should Apply?
Asset depletion is a way to qualify for a loan using substantial assets rather than income from employment. Asset depletion loans use your assets as collateral instead of your income. The program allows you to deplete your assets as a way to count that money as income for the duration of the loan.
When do Asset-Based Loans make sense?
Borrowers who use an asset depletion program to qualify do not need to show any other sources of income or employment. If their assets are sufficient to pay for the loan — as well as regular living expenses — they can qualify based solely on the asset depletion calculation.
Criteria for Asset-Based Loans
All occupancy types are allowed.
Qualification is determined solely based on the Applicant’s liquid assets and assets that they can liquidate without restriction.
*Maximum loan amount exceptions on a case-by-case basis. Additional criteria may apply.
There are typical borrowers who qualify for typical home loans, and then there are specialty borrowers with situations that are just different enough to require a little extra analysis. We are proud to offer a range of products designed for many different kinds of above-average borrowers - enter Arcstone Financial's Accessible Mortgage Programs or AMP.
AMP is a Non-QM or Non-Qualified Mortgage product, to learn more about these programs, please reach out to your Arcstone Financial Mortgage specialist.
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