How this mortgage path is commonly used
Asset-depletion programs use documented eligible assets and a program formula to illustrate income. Asset eligibility, discounting, depletion periods, and reserve treatment vary.
Potential features
- May help borrowers with substantial assets
- Potential supplement or alternative to employment income
- Purchase and refinance scenarios
- Can complement retirement planning conversations
Important considerations
- Not every asset is eligible
- Funds may be discounted or divided over a defined term
- Reserves may not also count as income
- Coordinate with tax and financial professionals
Common starting points
Asset-rich borrowersRetirees and near-retireesHouseholds with irregular taxable income
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.