10/15/2026
Have money in the bank, retirement accounts, or investments but struggling to qualify for a mortgage? Your assets could be the key to homeownership!
Imagine having $1 million or more in savings, stocks, or retirement accounts, yet being told by a mortgage lender that you don't qualify to purchase a home because your monthly income isn't high enough.
Sounds frustrating, right?
Unfortunately, this happens to financially established homebuyers throughout San Diego and Chula Vista, California.
The good news? You may be able to qualify for a mortgage without relying on traditional employment income.
An Asset Depletion Loan, also known as an Asset Utilization Mortgage, allows eligible borrowers to use qualifying financial assets to establish income for mortgage qualification.
Whether you're retired, self-employed, living off investments, or simply have substantial savings without a traditional paycheck, this financing option could open the door to purchasing or refinancing a home.
I'm Andre Enriques, Mortgage Banker – VA Loan Expert, and with over 25 years of mortgage lending experience, I help homebuyers throughout San Diego County explore creative financing solutions that traditional banks may overlook.
Asset Depletion Loans in San Diego and Chula Vista are a great alternative for this plenty of assets. No Pay Stubs, No Tax Returns, your assets qualify you.