Yes—many asset depletion Non-QM programs require no job or pay stubs. Qualify on liquid assets alone for Indiana buyers.
Can I Qualify Without Employment Income? | 2MG
Yes—many asset depletion Non-QM programs require no job or pay stubs. Qualify on liquid assets alone for Indiana buyers.
Can I Qualify Without Employment Income?
No Job Required — Assets Become Income
Still Required
Who Qualifies Without a Paycheck
Stacking Other Income Helps
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Frequently Asked Questions
No Paycheck? Let’s Run Your Assets.
Yes — asset depletion Non-QM is built for Indiana buyers whose liquid net worth supports the mortgage even when there is no paycheck on the file.
Conventional underwriting starts with employment: pay stubs, W-2s, and tax returns. Asset depletion flips that model. Lenders calculate monthly qualifying income from eligible cash, brokerage, and retirement balances — then run DTI against that figure.
That path fits retirees, buyers between careers, high-net-worth households with low reported income, and anyone whose balance sheet is stronger than a traditional income document.
Credit, down payment, reserves, and property guidelines still apply. Employment verification is what drops off when assets alone clear the payment.
Guidelines vary by investor, credit, and loan amount. This overview is educational — your file is reviewed against current product rules.
Asset depletion shines when traditional income docs understate what you can afford.
You do not have to rely on depletion alone. Documented Social Security, pension, annuity, alimony, or rental income can often be added to the monthly asset-based figure — lowering the portfolio size required to clear DTI.
If you still have some W-2 or self-employment income, certain investors allow blending those streams with depletion. Ryan & Steve choose the structure that uses your strongest numbers without over-documenting a weak tax return.