Asset Depletion Loan Program
The Asset Depletion Loan Program allows
borrowers to use their assets as a basis for
loan qualification, ideal for those with
significant assets but no regular income. It
converts asset value into a deemed
income stream, enabling lenders to
evaluate loan repayment capacity.
This program benefits retirees, individuals
with large investment portfolios, and high
net worth individuals who prefer not to
liquidate their investments.
Potential Applicants:
- Retirees and individuals with sizeable assets and minimal income.
- Wealthy individuals avoiding investment liquidation for financing.
- Those with considerable savings or investments seeking property purchases.
Requirements:
- Significant liquid assets.
- Good credit score for better loan terms.
- Assets must surpass the lender’s minimum threshold, ensuring coverage for loan payments and additional lender-specified reserves.
