Asset Depletion
Asset Depletion
Best for: High Net Worth / Low Income
| Best For | High Net Worth / Low Income |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 80% |
| Max DTI | 50% (42% FTHB) |
| Short-Term Rental | N |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary 2nd Home |
| Property Types (1 ADU permitted for SFR) | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel Co-Op Modular |
| Transaction Types | Purchase Rate-Term Refi |
Asset Depletion Mortgage — Use Assets as Income
For borrowers who have accumulated significant liquid wealth but generate limited or irregular income, AMS's Asset Depletion program provides a clear, structured path to mortgage qualification. Instead of documenting employment or business income, net qualified assets are amortized over an 84-month period to derive a monthly income figure used for underwriting.
This program is particularly well-suited for retirees, recently retired borrowers, or high-net-worth individuals who hold wealth in savings, brokerage, or retirement accounts but don't have the traditional income documentation a conventional lender would require.
How Asset Depletion Is Calculated
Net qualified assets — calculated after subtracting the down payment, estimated closing costs, and required reserves — are divided by 84 months to produce a monthly qualifying income. A minimum of $500,000 in post-closing liquid assets is required.
Example: A borrower with $1,500,000 in net qualified assets would generate $17,857/month in qualifying income under this methodology.
Who This Program Is For
The Asset Depletion program is ideal for:
• Retirees and near-retirees with significant investment or savings accounts
• High-net-worth borrowers with limited current income but substantial wealth
• Borrowers transitioning between employment or winding down a business
• Clients purchasing a primary residence or second home
Key Program Highlights
Liquid assets replace traditional income for qualification purposes. Monthly income derived using a clear, auditable formula (net qualified assets ÷ 84). Requires 1.5x the loan balance in net qualified assets. Minimum $500,000 post-closing assets required. Primary and second home occupancy only — investment properties are not eligible. Cash-out refinances are not permitted under this program.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details.