An asset depletion mortgage is a type of mortgage loan that allows borrowers to use their assets, such as retirement accounts or investment accounts, to qualify for a mortgage.
With an asset depletion mortgage, the lender calculates the borrower's income by dividing their total assets by a predetermined number of months.

Asset depletion mortgages are typically used by borrowers who have a significant amount of assets but may not have a steady source of income, such as retirees or self-employed individuals. These borrowers may have difficulty qualifying for a traditional mortgage based on their income, but an asset depletion mortgage can help them qualify based on their assets.

Asset depletion mortgages are not offered by all lenders and may have higher interest rates and fees than traditional mortgages. It's important to carefully consider the costs and risks before deciding whether an asset depletion mortgage is right for you.