If you have strong savings or retirement assets but don’t meet the standard income requirements, an Asset Depletion Mortgage Florida 2025 could be the solution. This unique program allows you to use your verified assets instead of income to qualify for a home loan.

At North Star Mortgage Network, we’re helping Florida homebuyers and retirees unlock mortgage opportunities that fit their lifestyle—without relying on pay stubs or W-2s.

What Is an Asset Depletion Mortgage?

Instead of showing a steady paycheck or tax returns, an asset depletion mortgage lets you qualify based on your total liquid assets. Lenders calculate a monthly income by dividing your eligible assets over a set term—usually 240 or 360 months—depending on the loan program. The result is treated as your qualifying income.

Who Should Consider an Asset Depletion Mortgage in Florida?

Asset Depletion Mortgage Florida 2025 is designed for:

• Retirees with substantial investment or retirement accounts
• Self-employed or recently retired borrowers with limited reportable income
• High-net-worth individuals who prefer not to draw down on assets
• Anyone with a lump-sum distribution, such as a severance package or rollover IRA

Eligible Assets That Can Be Used

To qualify under asset depletion, assets must be liquid, accessible, and fully documented. These may include:

• Checking and savings accounts (if sourced from employment-related assets)
• Stocks, bonds, and mutual funds
• 401(k), IRA, SEP, or Keogh retirement accounts (with unrestricted access)
• Lump sum severance or retirement distributions (with 1099-R and deposit verification)

Asset Depletion Mortgage Florida 2025 Requirements

To qualify for an Asset Depletion Mortgage Florida 2025, you must meet the following criteria:

• The borrower must be the sole owner of the asset(s)
• Assets must be fully vested and immediately accessible
• Documentation must show full account history and no restrictions on withdrawal
• If penalties apply (such as early withdrawal tax), those must be deducted from the qualifying balance

How Lenders Calculate Income from Your Assets

Each lender may vary slightly, but a common calculation looks like this:

(Net Eligible Assets – Transaction Costs – Penalties) ÷ 240 or 360 months = Monthly Qualifying Income

For example: $720,000 in verified retirement and investment assets divided by 360 months = $2,000/month qualifying income.

Loan Program Highlights

• Available for 1–4 unit primary residences and second homes
• Purchase or rate/term refinance only
• Up to 70% LTV (or up to 80% if borrower is at least 62 years old)
• Credit scores down to 620 may be accepted

Documents You’ll Need to Qualify

Here’s what North Star Mortgage Network will ask for when applying for an asset depletion loan:

• Most recent asset statements (bank, brokerage, retirement)
• Proof of asset ownership and full access to funds
• Verification of any lump sum distributions with employer letter or 1099-R
• Proof that assets are not already being used as income

Why Use North Star Mortgage for Your Asset Depletion Mortgage?

We specialize in complex loan scenarios. With over 25 years of mortgage experience in Florida, we understand how to structure an Asset Depletion Mortgage Florida 2025 the right way.

Our team will walk you through every step—from calculating eligible assets to preparing your complete file for underwriting. We serve the entire state of Florida with a focus on retirees and high-net-worth borrowers in Northeast Florida.

Ready to Qualify Without a Traditional Paycheck?

If you’re ready to explore an Asset Depletion Mortgage Florida 2025, we’re here to help. Our team will evaluate your situation and help you use your assets wisely to qualify for a home loan.

Call or text Nathan Young at 904-613-7700
or visit www.nsmn.com to schedule a no-pressure consultation.