https://pipefile.com/assets/asset-depletion-loan-checklist-BzbJtZAL.js

1const e="asset-depletion-loan-checklist",t="Asset Depletion Loan Checklist",o="Asset Depletion Loan Checklist (Free PDF)",s="What documents are needed for an asset depletion loan or asset-based mortgage?",n="Finance",a="Streamline your asset depletion loan application with our comprehensive document checklist. For borrowers who qualify on investable assets rather than W-2 income, plus loan officers and non-QM lenders. Gather brokerage and retirement statements, depletion calculation support, reserves after drawdown, identity, and property documents so underwriting can convert assets to qualifying income and move faster to approval.",r="Asset depletion loan checklist: qualify on assets, not W-2 income. Statements, retirement accounts, and reserves. Free PDF for borrowers and lenders.",i="Asset Depletion Loan Checklist",c="Asset-Based Mortgage and Non-QM Lending Resource",l="https://pub-a9710a6c2b2a4ba5997a07c8ec781680.r2.dev/asset-depletion-loan-checklist.pdf",d="https://pub-a9710a6c2b2a4ba5997a07c8ec781680.r2.dev/asset-depletion-loan-checklist.jpg",u="Download PDF Checklist",m=["Qualify using investable assets instead of traditional income","Gather brokerage, retirement, and cash account statements","Support the lender's asset depletion calculation","Document post-closing reserves and remaining liquidity","Reduce conditions on non-QM and jumbo asset programs","Professional asset-based mortgage workflow"],p=["Retirees applying for a mortgage with portfolio assets","High-net-worth borrowers with low reported income","Loan officers originating asset depletion or asset-utilization loans","Non-QM lenders underwriting asset-based qualifying income","Borrowers using retirement accounts to support a purchase or refinance","Wealth managers preparing clients for asset-based mortgage docs"],h=[{question:"What is an asset depletion loan?",answer:"An asset depletion (or asset utilization) loan qualifies the borrower by converting eligible assets into a monthly income figure. Lenders typically divide usable account balances by a term (for example 240 or 360 months) after haircuts. It helps retirees and high-net-worth borrowers whose tax returns understate cash flow."},{question:"Which assets count toward depletion income?",answer:"Common eligible assets include taxable brokerage accounts, stocks, bonds, mutual funds, and sometimes retirement accounts (IRA, 401k) with a larger haircut. Cash and CDs may count. Primary residence equity usually does not. Each program lists eligible accounts and seasoning rules."},{question:"How many months of statements do I need?",answer:"Most programs want the most recent 2 months of all pages for each account used in the calculation, plus proof of ownership and any required seasoning. Some jumbo or portfolio shops ask for a quarterly statement package. Follow your lender's overlay."},{question:"Do I still need tax returns for asset depletion?",answer:"Some programs are true asset-only and skip income tax returns. Others still collect returns for credit, occupancy, or residual-income tests. Our checklist flags both paths so you can gather what your specific lender requires."}],g="Asset Depletion Loan Checklist",f="2026-09-02",y="Intermediate",b="45 minutes",w=["asset-depletion","non-qm","mortgage","finance","lending","retirement"],k=[{id:"application",text:"Complete loan application (1003 or lender form)",category:"Application",required:!0,notes:"All borrowers. Accurate assets, property, and occupancy. Signed and dated."},{id:"credit-authorization",text:"Credit report authorization",category:"Application",required:!0,notes:"Signed authorization to pull credit. Explain derogatory items if requested."},{id:"brokerage-statements",text:"Brokerage and investment account statements (typically 2 months, all pages)",category:"Asset Documentation",required:!0,notes:"Taxable accounts used for depletion. Show ownership and current balances."},{id:"retirement-statements",text:"Retirement account statements if used (IRA, 401k, pension)",category:"Asset Documentation",required:!1,notes:"Many programs apply a haircut. Confirm the account is eligible and accessible."},{id:"cash-reserves",text:"Bank and cash-equivalent statements for remaining reserves",category:"Asset Documentation",required:!0,notes:"Checking, savings, money market. Documents liquidity after the depletion calculation."},{id:"depletion-worksheet",text:"Asset depletion or utilization worksheet (lender form)",category:"Income Documentation",required:!1,notes:"Lists accounts, haircuts, and divisor. Complete if the lender provides one."},{id:"tax-returns",text:"Federal tax returns (2 years) if the program still requires them",category:"Income Documentation",required:!1,notes:"Some asset-only programs waive this. Collect if your lender or occupancy rules require it."},{id:"property-docs",text:"Purchase contract or current mortgage and insurance documents",category:"Property Documentation",required:!0,notes:"Purchase, refinance, or HELOC context. Appraisal is typically lender-ordered."},{id:"identification",text:"Government-issued photo ID for all borrowers",category:"Identity",required:!0,notes:"Driver's license or passport. Current and legible."}],q=[{slug:"bank-statement-loans-checklist",title:"Bank Statement Lo

1ans Checklist",description:"Self-employed alt-doc income using deposits instead of tax returns."},{slug:"non-qm-loan-checklist",title:"Non-QM Loan Checklist",description:"Non-qualified mortgage docs. Asset depletion is one common Non-QM path."},{slug:"jumbo-loan-checklist",title:"Jumbo Loan Checklist",description:"Jumbo mortgages often pair with asset depletion for high-net-worth borrowers."},{slug:"income-verification",title:"Income Verification",description:"Traditional income docs when a program still needs tax returns or residual income."}],_={slug:e,title:t,seo_title:o,query:s,category:n,description:a,meta_description:r,h1_heading:i,audience_subheading:c,form_url:l,form_thumbnail:d,form_button_text:u,key_benefits:m,common_use_cases:p,faq_content:h,cta_text:g,last_updated:f,difficulty:y,estimated_time:b,tags:w,checklist:k,related_templates:q};export{c as audience_subheading,n as category,k as checklist,p as common_use_cases,g as cta_text,_ as default,a as description,y as difficulty,b as estimated_time,h as faq_content,u as form_button_text,d as form_thumbnail,l as form_url,i as h1_heading,m as key_benefits,f as last_updated,r as meta_description,s as query,q as related_templates,o as seo_title,e as slug,w as tags,t as title};