Asset Utilization Mortgage - Qualify with Assets, Not Income

Your Savings Could Open the Door to Your Next Home

If you've built strong savings or investment accounts but no longer earn a traditional paycheck, you may still qualify for a mortgage. With an asset utilization mortgage-also known as an asset depletion loan-you don't need to show income from a job. Instead, lenders calculate a monthly income based on your liquid assets. Whether you're retired, living off investments, or simply between jobs, our asset-based mortgage loans in NJ can help you purchase or refinance a home using what you already have.

How Asset-Based Mortgages Work

These programs convert your verified assets into a theoretical income stream. Here's how lenders typically calculate it:

  • Eligible assets (such as cash, stocks, bonds, and some retirement accounts) are totaled
  • A portion of those assets is divided over a set term-often 120 or 180 months-to determine your "income"
  • That monthly figure is used in the same way as job income for mortgage qualification

For example, if you have $1,000,000 in eligible assets and the lender uses a 180-month term, they might assign you $5,555/month in qualifying income. You don't have to liquidate anything-they just need to verify the assets exist and are available.



Different lenders may apply discounts to certain asset types, especially retirement accounts if you're under 59½. We'll walk you through which assets count and how they'll be treated.

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Who Uses Asset Utilization Loans?

This program is a perfect fit for:

  • Retirees living off their nest egg without W-2 income
  • Early retirees or FIRE community members with strong investments
  • Individuals who recently sold a business or inherited wealth
  • Self-employed borrowers with large balances but low reportable income
  • Anyone who prefers to avoid income documentation entirely

If you're sitting on a strong portfolio but hitting a wall with traditional underwriting, this is the solution.

Why Consider an Asset Qualifier Loan?

These programs offer unique advantages for the right borrower:

  • No job or employment verification required
  • No tax return documentation needed
  • Allows high-net-worth individuals to qualify based on their real financial picture
  • Potentially enables larger loan amounts than traditional options
  • Flexible for both purchases and refinances (including cash-out options)

It's a smart path forward for borrowers whose wealth isn't reflected in a monthly paycheck.

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What to Know Before Applying

These loans are tailored for financially secure borrowers, but there are still important factors to consider:

  • Assets must be liquid and seasoned-not recently borrowed or gifted
  • Loan amounts are often larger, so expect down payments of 20%+
  • Rates may be higher than conventional loans due to the alternative documentation
  • Lenders may exclude certain asset types or count only partial values (e.g., 70% of retirement accounts)
  • You must have enough remaining assets after the down payment and closing costs to qualify

We'll help you review your portfolio and present it in the most favorable light to lenders.

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Common Questions About Asset Utilization Mortgages

  • Do I have to cash in my investments or retirement accounts?

    No, these programs don't require you to liquidate anything. You keep full control of your accounts-the lender just uses them to calculate your qualifying income.

  • What types of assets can be used?

    Cash, checking, savings, brokerage accounts, stocks, and bonds typically qualify at 100%. Retirement accounts may count partially, especially if you're under 59½. We'll go line by line and advise what's eligible.

  • Can I qualify if I'm already retired with Social Security income?

    Yes. Even if your pension or Social Security isn't enough on its own, this program can supplement your income to qualify for the loan amount you need.

  • How is this different from a bank statement loan?

    Bank statement loans use ongoing deposits as income. Asset utilization loans convert your total balance into income-ideal if you have wealth but limited recent activity.

Turn Your Assets Into Approval

You worked hard to build your savings. Now, let those funds work for you. If your wealth is strong but your income isn't traditional, our asset depletion mortgage program could help you finance your next home in New Jersey.