Asset Depletion

Asset Depletion

Asset Depletion

  • Borrowers assets are used to help in DTI qualification (if assets are enough to qualify, tax returns not required)
  • Assets do not need to be withdrawn or pledged to use the income (only 2 months of bank statements are required)
  • Self-employed and W2 borrowers are okay
  • Can be combined with Full Doc income
  • Can be combined with Bank Statement income if assets are from an account not being used for bank statement calculation
  • No age limitations
How to Calculate Monthly Income

The following assets are considered eligible and can be utilized to calculate income:

    • 100% of checking, savings, money market accounts, and cd’s
    • 100% of the value of stocks (must be fully vested) & bonds
    • 100% of retirement assets (if borrower is not of retirement age reduced to 60%)
      If you are unsure about a particular asset, email us.

Down payment, closing costs, and reserves if applicable must be excluded from the balance before calculating income.
Monthly income is: Total Assets divided by 120

Abdi Mohammadian NMLS# 356391

Licensed by The Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. NMLS# 1141
MasonMac Corporate

Mason-McDuffie Mortgage Corporation

Office: (925) 785-7851

12647 Alcosta Blvd
Suite 300
San Ramon, CA 94583


Not a commitment to lend. Rates and terms subject to change without notice. Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Act No. 4130968; AL #22653; AR #32700; AZ #1015403; Colorado regulated by the Division of Real Estate; DE #019623; FL #MLD819; Georgia Residential Mortgage Licensee #20924; ID #MBL-5861; Kansas Licensed Mortgage Company #MC.0025601; KY: #MC701698; MD: #16927; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance;Licensed by the Minnesota DOC #MN-MO-1141; Licensed by the NJ Department of Banking and Insurance; NC: L-152867; NV: #3681; OK: #ML012358; Licensed by the Oregon Division of Financial Regulation #ML-3808; PA: #37008; TN: #112513; Licensed by the Virginia State Corporation Commission #MC-5579, WV: #ML-31523/MB31759. NMLS #1141.