Non-QM
Asset Depletion/Utilization
Unlock your homeownership dreams with CMRE's Asset Depletion/Utilization loan program. This innovative Non-QM solution allows you to qualify using your assets instead of traditional income verification, opening doors to homeownership for entrepreneurs, retirees, and the self-employed. With rates starting at 7.5%, this program offers a flexible path to securing the home you deserve.
Program Benefits
Qualify using your assets instead of traditional income.
Ideal for self-employed individuals, retirees, and those with significant assets.
Bypass the complexities of traditional income verification.
Competitive rates starting at 7.5% for qualified borrowers.
Greater flexibility in meeting loan requirements.
Access higher loan amounts based on your asset portfolio.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •Alternative income documentation accepted.
- •Focus on asset verification and depletion calculations.
- •May require limited income verification depending on asset type.
- •Consult with a CMRE loan officer for specific income requirements.
Asset Verification
- •Acceptable assets include bank accounts, investment portfolios, and retirement funds.
- •Assets must be readily accessible and verifiable.
- •Depletion/utilization rate will be determined based on asset type and market conditions.
- •CMRE will calculate a qualifying income based on asset depletion.
Insurance & Title
- •Standard homeowner's insurance required.
- •Flood insurance may be required depending on property location.
- •Proof of insurance coverage must be provided.
- •CMRE can assist with finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 required.
- •Review of credit history to assess risk.
- •Consideration given to overall credit profile.
- •Higher credit scores may result in better loan terms.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Acceptable assets typically include checking and savings accounts, stocks, bonds, mutual funds, and retirement accounts. Certain assets, such as life insurance policies or trust funds, may also be considered on a case-by-case basis.
The depletion rate is determined by the lender based on the type of asset, its liquidity, and current market conditions. A common method involves amortizing the asset over a specific period, such as 360 months (30 years), to derive a monthly income equivalent.
CMRE typically requires a minimum FICO score of 660 for our Asset Depletion/Utilization program. However, specific credit requirements may vary depending on the loan amount and other factors.
Yes, asset depletion loans can be used to purchase primary residences, second homes, or investment properties. CMRE offers flexible options to meet your specific real estate goals.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
