Non-QM & Alternative Doc
Alt-Doc — Asset-Based
Asset Qualifier / Asset Depletion
Qualify using liquid assets depleted over a loan term — no income documentation required.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
700
Min FICO
75%
Max LTV
asset depletion
Docs
Ideal borrower
Retirees, investors, or HNW borrowers with substantial liquid assets but low documented income.
Program highlights
- No income documentation
- Assets divided over qualifying term (often 84 months)
- Stocks, bonds, retirement (with haircut), and cash all count
Typical uses
- Retiree purchase
- HNW second home
Frequently asked questions
- What assets count for an asset qualifier / asset depletion loan?
- Liquid and near-liquid assets: checking, savings, money market, brokerage accounts (stocks, bonds, mutual funds — sometimes with a 10–20% haircut), and retirement accounts (typically 70–80% of balance counts to haircut for tax + early-withdrawal). Real estate equity, business equity, and illiquid assets generally don't count.
- How is qualifying income calculated from my assets?
- Liquid assets are divided by 60, 84, or 120 months depending on program. A $2M liquid base divided over 84 months = $23,809/month qualifying income — enough to support roughly a $2.5M mortgage at current rates, with zero income documentation required.
- Do I have to prove I've held the assets for a specific time?
- Most programs require 60 days of asset seasoning — you can't deposit $2M the week before you apply. Two months of statements showing the assets in place is standard. Recently-inherited assets can qualify with estate documentation.
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.