Asset Depletion Mortgage for Retirees in Miami & Palm Beach
Turn your $1M-$10M+ stock portfolio into qualifying income. No job needed. No tax returns. We count 70-100% of your liquid assets.
Joe Pisa
Founder & Senior Loan Officer
NMLS #139369
"If Rocket, Chase, or your local credit union just crushed your dreams because of your credit score, self-employed income, or because you want to count your Airbnb income — you're in the right place."
Hey, if you're sitting on a $3M stock portfolio or a fat 401k but the bank says you don't have enough 'income' to qualify — that's insane. You have more money than 99% of borrowers, but traditional underwriting doesn't know how to count it. We do. Asset depletion (also called asset participation or asset-based lending) turns your liquid assets into monthly qualifying income using the same formulas Fannie Mae and Freddie Mac allow. Last month we closed a $1.1M asset-depletion cash-out in Coral Gables for a retiree who used his brokerage account — no tax returns, no job, no problem.
Why We Close What Banks Deny
- 100% of vested retirement accounts (401k, IRA, pension) counted as income
- 70% of non-retirement liquid assets (stocks, bonds, mutual funds, crypto)
- No employment required — perfect for retirees
- No tax returns needed — we use asset statements
- Loan amounts up to $3.5 million
- Primary residence, second homes, and investment properties
Recent Closings in Miami & Palm Beach, FL
These are real deals we closed. Banks denied them. We didn't.
Retiree used $4.2M brokerage account — no tax returns, cash-out refi
Business owner, $8M in assets, wanted to avoid showing tax returns
Recent retiree — 401k + IRA totaling $2.1M, purchase
Asset Depletion Loans Questions for Miami & Palm Beach, FL
Real questions we get daily — with straight answers
Can I use my stock portfolio to qualify with no job?
Yes. Asset participation/depletion turns 70-100% of liquid assets into monthly income for qualification. We divide your assets by 360 months (or remaining loan term) to calculate monthly income.
What types of assets count for asset depletion?
Checking, savings, money market, stocks, bonds, mutual funds, ETFs, 401k, IRA, pension, and even cryptocurrency on some programs. Real estate equity doesn't count.
Do I need to liquidate my assets to qualify?
No. We just need to document they exist and are accessible. Your assets stay invested.
What's the minimum asset amount needed in Miami?
Generally you need enough assets to cover 3-5 years of mortgage payments plus reserves. For a $1M loan at $6k/month, you'd want at least $250k-$400k in liquid assets.
Can I combine asset depletion with other income?
Absolutely. If you have Social Security, pension, or rental income, we add that to your asset-derived income. Many retirees use a combination.
What credit score do I need for asset depletion loans?
Most programs start at 680. With strong assets ($2M+), we can sometimes go lower. The more assets, the more flexibility.
NorthStar Funding is a licensed mortgage broker. NMLS #139369. Equal Housing Lender. All loans subject to credit approval. Rates and terms subject to change without notice.