Asset Depletion Loans in Arizona: Your Assets Are Your Income

Real Non-QM asset utilization — qualify for a mortgage on what you HAVE, not what you earn. No employment. No tax returns. And far friendlier math than the version your bank offered. Arizona and nationwide.

See What You Qualify For
Or call/text Sal directly: (516) 250-1334 — any day, any time

Asset-Rich, "Income-Poor" — the Most Frustrating Denial in Mortgages

You've got seven figures in brokerage accounts, or you just sold a business, or you're retired sitting on decades of savings — and a bank tells you that you "don't qualify" for a mortgage because you don't have income.

It's absurd, and it happens every day. Traditional underwriting worships the paycheck. No W2, no qualifying income, no loan — no matter what's in your accounts.

Asset depletion loans exist precisely for this borrower. The lender converts your assets into a qualifying income figure using a simple formula, and you're approved on your balance sheet instead of a pay stub.

The Part Your Bank Got Wrong — Two Very Different "Asset Depletion" Programs

Here's what almost nobody explains, and it's the difference between a denial and an easy approval:

The Fannie/Freddie version (what your bank offered): conventional "asset dissipation" programs exist, but they're restrictive — narrow rules about which assets count, conservative math that stretches your assets across 30+ years of imputed income, and eligibility hoops that disqualify most people who ask. Banks quote this version, watch the numbers fail, and send you home.

The TRUE Non-QM asset depletion/utilization version (what I do): built by non-agency lenders for exactly this borrower, with dramatically friendlier math. Instead of dividing your assets over 360 months, many programs divide over a much shorter window — some as short as 5-7 years of imputed income — which can triple or quadruple your qualifying income from the same assets. Broader asset eligibility, no employment requirement, no tax returns.

Same borrower. Same accounts. One program says no; the other says easily. That's not a borrower problem — that's a program-selection problem, and it's exactly what a broker fixes.

How the Math Works (Simplified)

Example concept: $1.5M in eligible assets ÷ 60 months = $25,000/month qualifying income. The divisor and which assets count (and at what percentage — cash near 100%, stocks/retirement often discounted) vary by lender and are exactly what I shop. The point: your assets generate a qualifying income figure with NO job, NO tax returns, NO business docs.

What You Need to Qualify in Arizona

Typical requirements (lender-dependent — I match you to the friendliest math):

• Eligible assets: checking/savings, brokerage accounts, retirement accounts (often at a discounted percentage), sometimes proceeds from a recent sale — seasoned and documented

• Down payment: commonly 20-30%

• Credit score: generally mid-600s and up

• No employment or income documentation required — that's the whole point

Who This Loan Is Built For

Retirees and early retirees. Business owners who just sold. Divorce settlements. Inheritance recipients. Investors between liquidity events. High-net-worth borrowers whose accountants engineered their "income" down to nothing. If your balance sheet is strong and your pay stub doesn't exist — this is your loan.

Why Work With Me on an Asset Depletion Loan

I'm Sal Bossio, mortgage broker with Barrett Financial Group (NMLS #1984347), Chandler-based, all of Arizona, licensed nationwide. Asset depletion is a program where lender selection changes EVERYTHING — divisors, eligible assets, and discount rates swing qualifying income by hundreds of percent between lenders. I shop 200+ wholesale lenders and bring you the math that works. Fast closings, direct access to me — nights, weekends, whenever. 73+ five-star reviews.

Asset Depletion FAQs

Do retirement accounts count if I'm under 59½?
Often yes, typically at a discounted percentage — lender-specific. Bring me the statements and I'll show you the real numbers.

Can I combine asset depletion with other income?
Yes — some files blend partial income (pension, Social Security, rental) with asset utilization to hit the qualifying number.

Is this the same as a pledged-asset loan?
No — your assets are NOT pledged, frozen, or held as collateral. They're just documented to establish qualifying income. You keep full control of your accounts.

Purchase and refinance?
Both — including cash-out.

How is this different from what my bank offered?
Almost certainly your bank quoted the conservative agency version. The Non-QM version's math is a different universe. Two minutes on the phone and I'll show you the difference with your actual numbers: (516) 250-1334.

What Clients Say

"I had already decided not to bother with our plans and forget about getting a loan. Then, out of the blue came Sal — and I threw everything at him." — Jaime S., five-star Google review

"Thank you Sal for your personalized attention, thorough detail and rapid turnaround time. I'm excited to continue to grow my investment portfolio with the Bossio team." — Tiffany W., five-star Google review

Read all 73+ five-star reviews on Google

Strong assets, no "income," tired of explaining yourself?

See What You Qualify For
Or call/text me directly: (516) 250-1334 — any day, any time.

Sal Bossio | Mortgage Broker | NMLS #1984347 | Barrett Financial Group, LLC | Chandler, AZ — serving Phoenix, the East Valley, and asset-rich borrowers nationwide