Retired, wealthy, or simply not drawing a traditional income? Eligible investment accounts, retirement funds, and savings may be used to help establish qualifying income — no traditional paycheck required.
Wealth Without the W-2
If you've spent a lifetime building wealth, limited employment income shouldn't block access to your home equity. The Asset Utilization program lets eligible borrowers use investment, retirement, or savings accounts to qualify.
Asset utilization — sometimes called asset depletion — is a lending method that converts eligible liquid and semi-liquid assets into a calculated monthly income figure. Instead of relying solely on pay stubs, we look at what you have (eligible assets), not what you earn.
If you have substantial savings, brokerage accounts, retirement funds, or other financial assets, those assets may be spread over a set period and treated as qualifying income. This may allow asset-rich borrowers to qualify for a HELOC even with limited traditional income.
This is a powerful and lesser-known lending strategy commonly used for retirees, executives, and high-net-worth borrowers.
Simplified example only. Not a rate quote or guarantee. Actual results will vary based on individual circumstances, loan usage, market conditions, and program guidelines. Not a commitment to lend.
If you have $1,000,000 in eligible liquid assets and the lender applies an 84-month depletion schedule, that could equate to approximately $11,904/month in calculated qualifying income — even without traditional W-2 wages.
Run Your NumbersYour eligible assets are divided by a set number of months to arrive at a monthly income figure used for qualification.
Provide 2–3 months of account statements for all eligible assets — brokerage, retirement, savings, and any other liquid or semi-liquid accounts.
Liquid assets are often counted at or near 100%. Retirement accounts are typically counted at a reduced percentage of the balance to account for potential taxes or withdrawal considerations.
Total eligible asset value is divided by the depletion period (program-dependent) to arrive at a monthly qualifying income figure.
The resulting income is compared to your monthly debts to determine maximum loan amount.
This is exactly the situation asset utilization was designed for. Call or email today and we'll show you what your assets may qualify you for.
