Asset Depletion Mortgage Loans in Florida
Many of Florida’s best buyers — retirees, wealthy investors, and people who have sold businesses — have millions in the bank but little to no earned income on paper. Asset depletion (also called asset dissipation) mortgages use your liquid assets as the income basis for qualification. Dynamic Funding Solutions is a licensed Florida mortgage broker offering asset depletion programs statewide.
How Asset Depletion Mortgages Work
- The lender divides your eligible liquid assets by a set number of months (typically 84 months for a 30-year loan)
- The resulting monthly figure becomes your qualifying “income”
- Example: $2,000,000 in eligible assets ÷ 84 months = $23,809/month qualifying income
- This income figure is then used to calculate DTI ratio and loan eligibility
- No W-2, no tax returns, no pay stubs required
What Assets Qualify
- Checking and savings accounts (100% of balance)
- Money market accounts (100%)
- Stocks, mutual funds, ETFs (typically 70% of balance after market haircut)
- Retirement accounts (IRA, 401k): 60–70% depending on age and vesting
- Proceeds from recent asset sale (real estate, business, etc.)
- Assets NOT typically counted: illiquid assets (real estate equity), business accounts, trust funds with restrictions
Asset Depletion Mortgage Requirements in Florida
- Significant liquid assets (typically $500,000+)
- Credit score: typically 680–700 minimum
- Down payment: 20–30% typical; some programs allow 10–15% with strong asset profile
- Primary residence, second home, and investment property all available
- Available as jumbo (common in FL retirement markets) and some conforming programs
Florida Markets Where Asset Depletion Is Common
- Palm Beach County — Boca Raton, Delray Beach, Palm Beach Gardens
- Naples / Marco Island — high-net-worth retirement market
- Sarasota — retiree and seasonal buyer market
- Jupiter / Tequesta — affluent residential
- Any FL market where retirees purchase without current employment income
FAQ — Asset Depletion Mortgage Florida
What is the minimum asset amount needed for an asset depletion mortgage in Florida?
Most programs require at least $500,000 in eligible liquid assets to generate meaningful qualifying income. However, the exact threshold depends on the loan amount. If you need $6,000/month qualifying income for a $1M loan, you would need approximately $504,000 in assets at the 84-month calculation.
Can I use a Florida asset depletion mortgage for a second home or investment property?
Yes. Asset depletion programs are available for primary residences, second homes, and investment properties. Investment properties typically require 25–30% down.
I sold my business and have $3M in liquid accounts. Can I buy a $1.5M Florida home?
Yes. $3M in eligible assets would produce approximately $35,714/month in qualifying income under an 84-month calculation — well sufficient for most $1.5M purchase scenarios. Call to discuss exact program requirements.
Retiree or high-net-worth buyer in Florida? Call (215) 364-7171. Asset depletion programs available statewide.
Related: Mortgage Broker Boca Raton FL | Mortgage Broker West Palm Beach FL | Mortgage Broker Delray Beach FL
Dynamic Funding Solutions | NMLS #17144 | Lena Polnet NMLS #17225 | Licensed in Pennsylvania and Florida. This is not a commitment to lend. All loans subject to credit approval, income verification, and property eligibility.