Asset Depletion loans in Hawaii
Qualify on liquid assets instead of income — retirees and high-net-worth borrowers. Tell FundShift about your deal once and get matched — free — with loan officers who work Asset Depletion loans in Hawaii.
What is an Asset Depletion loan?
An asset depletion loan qualifies you on your liquid assets instead of your paycheck. The lender converts eligible savings, investment, and retirement balances into a monthly income figure.
How it works
- Eligible assets are divided over a set number of months to produce qualifying income.
- Which accounts count, and how much of each, varies by lender and program.
- It can be combined with other income on some programs.
Who it's for
- Retirees with savings but little earned income
- High-net-worth borrowers whose income doesn't reflect their resources
- Borrowers between jobs with substantial assets
- Property
- Primary residence, second home, or investment property, depending on the lender
- Documentation
- Statements for the accounts being used to qualify
- Term
- Usually 15 to 30 years
FundShift loan officers for Asset Depletion loans in Hawaii
No loan officer with a public FundShift profile lists Asset Depletion loans in Hawaii yet. You don't need to pick from a list: submit your request and lenders compete for it — FundShift routes it to the loan officers whose licensing and programs fit an Asset Depletion deal in Hawaii.
Submit your requestAsset Depletion loans in Hawaii: common questions
What is an Asset Depletion loan?
An asset depletion loan qualifies you on your liquid assets instead of your paycheck. The lender converts eligible savings, investment, and retirement balances into a monthly income figure.
Who is an Asset Depletion loan a good fit for in Hawaii?
Asset Depletion loans tend to fit retirees with savings but little earned income, high-net-worth borrowers whose income doesn't reflect their resources, and borrowers between jobs with substantial assets. Occupancy: primary residence, second home, or investment property, depending on the lender.
What does it take to qualify for an Asset Depletion loan?
Statements for the accounts being used to qualify. Guidelines are set by each lender, so requirements differ from one lender to the next.
Does an Asset Depletion loan officer need a license in Hawaii?
Yes. An Asset Depletion loan is consumer mortgage credit, so the loan officer must be licensed to originate in Hawaii. FundShift matches on the licensed states loan officers declare, and you can verify any loan officer at NMLS Consumer Access before you apply.
What are Asset Depletion rates like right now?
Rates depend on your credit, down payment, property, and the lender's pricing that day. FundShift doesn't publish an Asset Depletion rate it can't source — a matched loan officer quotes your actual rate.
How does FundShift match me with an Asset Depletion lender in Hawaii?
You submit one request. FundShift scores it and routes it to a small number of loan officers who serve Hawaii and work Asset Depletion loans, ranked on geography, specialty, and track record. FundShift is not a lender and does not make credit decisions.
How long is a typical Asset Depletion loan?
Usually 15 to 30 years.