Asset-Based Mortgages

On a large asset depletion loan, a lender pulls the reserve amount out first, then runs the depletion math on whatever is left.

The divisor, not the RSU balance itself, is what actually decides the outcome, and it varies by lender.

Stay Invested When Qualifying On Asset Depletion — Yes, in almost every case.

The haircut and the divisor are the two levers that move the number the most, and they vary by program, not by law. There’s no federal formula for this.

A business sale, a stock liquidation, or an M&A payout can all convert into qualifying income once the funds sit in a verifiable account.

Asset Depletion Mortgage Amounts — There is no single number that sets the floor or ceiling on an asset depletion loan.

That number of months — the divisor — is the single biggest lever in the whole calculation.

Cash counts near full value. Stocks, bonds, and retirement funds get haircuts.

Lenders subtract funds needed for the down payment, closing costs, and reserves, then divide what’s left by a set number of months.

Nothing about this loan is “no-doc” — it just swaps income paperwork for asset paperwork.

Interest-only changes a completely different number: the payment used to test that income against the loan.

There is no federal number that sets this — every lender writes its own.

Asset depletion turns liquid savings and investments into a monthly qualifying-income figure.

A P&L loan qualifies you on a CPA-prepared income statement instead of your tax returns.