By hitting submit you agree to allow Truss Financial Group to contact you by phone, sms, and or email. Your information will not be sold by Truss Financial Group.

Need additional income to qualify for a mortgage? Asset depletion may be your solution for financing. Use liquid assets in combination with, or in lieu of income to qualify for a loan.

For example: If you are self-employed and you expense your adjusted gross income to the point you cannot qualify for a traditional loan, but have considerable assets, you can use those assets for qualifying purposes. 

Please don't hesitate to contact a Truss Financial Group representative for assistance with the following calculations:

 

  • Use Liquid Assets to Qualify

  • Amortized/Annuitized to age 85 or 30 years, whichever is less

  • The following can be used to qualify:

    • Self employed income

    • Retirement income

    • Trust fund recipient's

    • Borrowers who have large investment portfolios

    • Complex Asset Portfolios

    • Example - borrower is 73 years old:

      • Borrower's income is $5,000/month /DTI is high...needs additional income to qualify

      • Borrower has $1,000,000 "liquid" assets

      • Mortgage calculation based on the borrower's age:

        • Present Value = 1,000,000

        • Rate = 5.000%

        • Amortization = 12 years/The borrower is 73 years old

        • Result: $9,249/month additional income for qualifying purposes
          Borrower now has $5,000 income + $9,249 = $14,249 to qualify with

 

Request An Asset Depletion Worksheet

ASSET DEPLETION MORTGAGES

© 2015 Truss Financial Group

NMLS# 1249936

26381 Crown Valley; Ste. 130

Mission Viejo, CA 92691