Our Programs 

Asset Depletion

Available on Sequoia Non-QM

Use a simple equation to qualify borrowers looking to use assets as income.

  • Income=Assets/60 Months
  • Qualify Using Eligible Assets
    • 100% of Checking, Savings & Money Market Accounts
    • 80% of Stocks, Bonds & Mutual Funds
    • Up to 80% of Retirement Funds in Certain Scenarios
  • Can be used as Standalone Income
  • Combine with Other Income Sources
  • No Liquidation Required
  • Loan Amounts Up to $5M
  • Credit Scores as Low as 660
  • Up to 50% DTI
  • Cash-Out Available
  • Self-Employed Income Allowed
  • 2-1 Buydown Options Available
  • 15, 30, and 40-year fixed
  • 30 and 40-year IO terms

Sequoia Non-QM

How It Works

Example Asset Depletion Income Calculation

For a 60 year old with $200k in savings and $2.5M in a 401k:

  • Use 100% of Savings = $200,000
  • Use 80% of Retirement = $2,000,000

$2,200,000 / 60 =

$36,666.67 in Qualifying Income

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Asset Depletion Flyer
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Asset Depletion FAQ

Yes! The only part of the income calculation that changes is for retirement assets which will be deducted by 10% due to early withdrawal penalties.

Minimum required qualifying assets must meet one of the following 4 options:

– $1,000,000 OR

– 150% of the loan amount OR

– $400,000 provided the borrower has 60 months of total liabilities* net of funds to close

Example: borrower total liabilities is $8200, 60-month total is $492,000. If the borrower has $492,000 net of transaction costs, then the borrower is eligible to asset deplete as little as $400,000 in qualified assets. – $200,000 if the AD income represents 25% or less of the total qualifying income

Yes, you can stack with other income sources like W-2s, 1099s, or Bank Statements.