Asset depletion loans are designed to provide financing options for borrowers who have significant assets but may have limited income or unconventional income sources. While specific eligibility criteria can vary among lenders, here are some types of borrowers who may qualify for an asset depletion loan:

• Borrowers with substantial liquid assets, such as high-value investment portfolios, savings accounts, or retirement accounts, may qualify for asset depletion loans. These individuals may have a significant amount of wealth tied up in assets but may have limited documented income.

• Asset depletion loans can be suitable for retirees who rely on retirement accounts or investments as their primary source of income. Borrowers who have income from unconventional sources, such as rental properties, royalties, or self-employment, but may not have consistent or verifiable income, may also be eligible.

• Business owners or self-employed individuals who have substantial assets but fluctuating or non-traditional income may find asset depletion loans to be a viable option. These loans can help them access mortgage financing based on their asset portfolio rather than solely relying on documented income.

• Professionals in high-income fields, such as doctors, lawyers, or executives, who have substantial assets but may have limited income due to business expenses or other factors, may qualify for asset depletion loans.

• It’s important to note that the specific eligibility requirements and guidelines for asset depletion loans can vary among lenders. Some lenders may have minimum asset thresholds or specific income requirements. Additionally, creditworthiness and other standard mortgage qualification factors may still apply.

Consulting with a mortgage professional or financial advisor who specializes in asset depletion loans can provide more detailed guidance based on your specific financial situation and goals. They can help assess your eligibility and match you with lenders offering asset depletion loan programs that align with your needs.