Underwriting Notes
What "qualifying on assets" does and does not mean.
The idea is real and publicly documented, but it sits inside specific guidance and specific programs — not a blanket rule that a large balance alone qualifies anyone.
Why lenders still need a qualifying income number
The CFPB defines debt-to-income ratio as all monthly debt payments divided by gross monthly income, and notes that different loan products and lenders use different limits (CFPB, last reviewed Aug. 28, 2023). Even without a paycheck, underwriting still needs a documented income figure to run that math. Not every lender offers an assets-only path.
Retirement-related income is not automatically off-limits
Public CFPB guidance says lenders generally may not refuse to consider income from part-time employment, annuities, pensions, or other retirement benefits, while still evaluating the amount and how likely it is to continue (Ask CFPB, last reviewed Aug. 18, 2022). A separate CFPB answer explains that age generally cannot drive a credit decision, with limited exceptions tied to whether income will be adequate for the life of the loan (last reviewed Dec. 11, 2024). That is fair-lending education, not a guarantee that a specific balance qualifies.
How an asset-depletion review is usually described
Eligible liquid assets, after subtracting the funds needed for the transaction, are divided by a set number of months to create a calculated monthly income used for qualification. Retirement accounts are often counted at a reduced share on Non-QM menus, and the exact treatment is program-specific. Credit, reserves, property type, occupancy, and loan-to-value still matter, and a soft-inquiry pre-qualification is not a commitment to lend.
How Texana describes its asset-depletion path
Texana’s asset-depletion product page describes qualifying with savings, investments, and retirement accounts without traditional employment income documents, for purchase, rate-and-term, and cash-out uses, with a soft inquiry for the initial review. When business cash flow or rental income is the better fit, the investor and self-employed hub compares bank statement, profit-and-loss, 1099, and DSCR paths. Confirm details on the live product page.
