Asset Depletion Guide
Who Qualifies for an Asset Depletion Loan?
Typical credit, equity, reserves, and liquid asset guidelines for Indiana retirees and high-net-worth buyers.
Five Qualification Pillars
Asset depletion Non-QM programs are built for liquid net worth — not W-2 employees with clean pay stubs who already qualify conventionally.
Typical Guidelines
Ranges we see on Indiana retiree and HNW files — your exact numbers depend on the matched program.
Borrower types
Retirees, HNW
Low reported income with strong liquid portfolios
Credit score
Mid-600s+
740+ typically unlocks sharper terms
Down payment
20–30% common
Higher for investment or lower credit files
Reserves
3–12 months PITIA
May rise with loan size or multiple properties
Property types
1–4 unit residential
Primary, second home, and investment scenarios
Income docs
Account statements
2–3 months of statements for eligible accounts
All loans subject to credit and property approval. Program guidelines vary by investor and change without notice.
Borrower Profiles That Fit
Recently retired professionals with 401(k) and IRA balances but minimal W-2 income. High-net-worth buyers relocating to Indiana with brokerage accounts and cash reserves. Business owners who sold a company and live off investments without traditional employment documentation.
Ryan & Steve review your account statements, credit profile, and target loan amount before you write an offer — so you know which Non-QM investor fits and what income number underwriting will use.
If asset depletion alone is thin, we compare bank statement, DSCR, and other Non-QM paths so you land on the strongest qualifying story.
Asset depletion qualification checklist
- — Recent statements for all eligible liquid accounts
- — Credit report with mid-600s+ score and acceptable payment history
- — Down payment and reserves documented before you offer
- — Portfolio size verified against loan amount and program haircuts
Keep Exploring
Related asset depletion guides and Non-QM resources from Ryan & Steve.
What Is an Asset Depletion Loan?
How asset-based Non-QM income calculation works and who it helps.
How Does Asset Depletion Income Work?
Haircuts, divide-by-term math, and monthly DTI income explained.
How Much Money for an Asset Depletion Loan?
How portfolio size interacts with loan amount, term, and reserves.
Asset Depletion Loans Overview
Full hub with benefits, use cases, and application steps.
2MG Daily
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Frequently Asked Questions
Who qualifies for an asset depletion loan?
Retirees, high-net-worth buyers, and borrowers with substantial liquid assets but minimal W-2 or tax-return income typically qualify when credit, down payment, reserves, and portfolio size fit program guidelines. Guidelines vary by investor.
What credit score do I need for an asset depletion loan?
Many Non-QM asset depletion programs start in the mid-600s, with better pricing above 700. Exact minimums vary by lender overlay, loan amount, and occupancy.
How much down payment is required?
Asset depletion loans often require 20–30% down for primary residences, with higher equity common on second homes or investment properties. Larger down payments reduce the asset base needed for DTI.
How much in liquid assets do I need?
Portfolio size depends on loan amount, term, program haircuts, down payment, and reserve requirements. Ryan and Steve run the math against current investor guidelines — there is no single universal minimum.
See If Your Asset Profile Qualifies
Ryan & Steve will review your portfolio, credit, and reserves against current asset depletion guidelines before you apply.
The 2 Mortgage Guys
Ryan Minick and Steve DeLon — Branch Managers & Senior Loan Officers at Luminate Bank. Based in Kokomo, Indiana. Lending nationwide since 2005.
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
Luminate Bank NMLS# 1281698
Kokomo's Mortgage Team. Lending Nationwide.
1221 Appletree Lane, Kokomo, IN 46902
Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved.
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