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10 Best Asset Depletion/Asset Qualifier Mortgage Lenders in Philadelphia

This ranking identifies the top asset depletion and asset qualifier mortgage lenders serving the Philadelphia market, designed for homebuyers, retirees, and real estate investors who hold significant liquid assets but lack traditional earned income documentation. Each lender was evaluated on program structure, qualification flexibility, loan size capacity, and relevance to the Philadelphia lending environment.

LoanWise Editorial Team

Isometric Philadelphia cityscape with historic and modern buildings, a small bank vault, and tiny figures carrying mortgage documents along tree-lined streets.

Philadelphia's real estate market attracts a diverse range of borrowers — from longtime homeowners looking to downsize in Rittenhouse Square to high-net-worth investors acquiring multi-unit properties in Fishtown and Northern Liberties. What many of these borrowers share is a profile that traditional mortgage underwriting struggles to accommodate: substantial liquid assets, limited W-2 income, and little appetite for disclosing conventional employment documentation. For this segment, asset depletion and asset qualifier mortgage programs offer a purpose-built path to financing.

Asset depletion mortgages — sometimes called asset qualifier or asset dissipation loans — allow lenders to convert a borrower's verified liquid holdings into an imputed monthly income figure, which is then used to satisfy debt-to-income requirements or replace income documentation entirely. Eligible assets typically include checking and savings accounts, investment portfolios, and certain retirement funds. In practice, this means a retired professional or a recently exited entrepreneur with $1 million or more in liquid reserves may qualify for a mortgage without ever submitting a pay stub or tax return.

Philadelphia's concentration of wealth management clients, university-affiliated professionals, and real estate investors makes it a natural fit for this lending category. The city's competitive housing market — particularly in neighborhoods like Center City, Chestnut Hill, and the Main Line suburbs — drives demand for jumbo and non-agency loan products that standard conforming programs cannot serve. Asset qualifier mortgages fill that gap with meaningful flexibility on income documentation while still requiring strong credit profiles and asset verification.

The lenders featured in this ranking were selected based on a combination of factors, including:

  • Program specificity: Whether the lender offers a dedicated asset qualifier or asset depletion product versus a generic guideline exception
  • Qualification structure: The presence or absence of income, employment, and DTI requirements
  • Loan parameters: Maximum LTV, loan size limits, eligible property types, and eligible transaction types
  • Philadelphia and Pennsylvania market relevance: Local licensing, regional broker presence, or explicit state-level marketing
  • Product breadth: Availability of complementary non-QM options such as DSCR, bank statement, and jumbo programs

Whether you are working directly with a lender or placing files through a wholesale broker relationship, this list is built to help you identify the right execution path for asset-based mortgage financing in Philadelphia.

#1

Angel Oak Mortgage Solutions

Leading non-QM lender with dedicated Asset Qualifier program

Min Credit Score

700

Max LTV

75%

Property Types

Primary residence and second home

Transaction Types

4

Income Verification Required

0 income docs

Angel Oak stands out for Philadelphia asset-rich borrowers because it offers a purpose-built Asset Qualifier mortgage with no employment, no income, and no DTI requirement. Its broader non-QM platform also supports brokers handling complex purchase and refinance scenarios beyond traditional agency lending.
#2

Newrez Wholesale

Wholesale lender with smart asset-based mortgage qualification

Max LTV

80%

Max Loan Amount

$2M

Income Verification Required

0 income docs

DTI Requirement

No DTI required

Newrez Wholesale is a strong Philadelphia option for brokers seeking scalable asset-based mortgage execution through its Smart Asset Qualifier program. It combines clear no-income qualification with broader mortgage platform depth for affluent borrowers and complex files.
#3

CM Mortgage Services Inc.

Pennsylvania mortgage broker with local asset depletion expertise

Office Locations Referenced

1

Pennsylvania Office

West Chester, PA 19382

Loan Programs Mentioned

8

Product Types Beyond Asset Depletion

7

CM Mortgage Services offers a directly marketed asset depletion loan program and has clear Pennsylvania relevance with a West Chester location serving the greater Philadelphia market. Its wider menu of conventional, jumbo, FHA, VA, USDA, DSCR, and bank statement loans gives borrowers and referral partners added flexibility.
4
#4

NASB

Bank-backed non-QM lender with dedicated asset depletion mortgage

Support Numbers Published

3

Service Availability

24 hours a day

NASB offers a specific asset depletion mortgage for borrowers using liquid assets instead of traditional income documentation. The bank-backed structure and dedicated non-QM page make it a reliable option for Philadelphia borrowers who want a defined asset dissipation path rather than an ad hoc exception.
5
#5

CMRE

High-volume non-QM lender with broad alternative documentation

Documentation Options

10+

Contact Numbers Published

1

CMRE is attractive for Philadelphia investors and high-asset borrowers because asset depletion sits alongside a large non-QM menu including bank statement, DSCR, P&L, VOE-only, 1099-only, ITIN, and foreign national programs. That breadth makes it useful when a borrower profile may pivot away from pure asset qualification.
6
#6

Capital Home Mortgage

Pennsylvania non-QM lender with asset qualifier positioning

States Referenced

1

Income Verification Required

0 income docs

DTI Requirement

No DTI required

Capital Home Mortgage earns a high spot for Philadelphia because it explicitly markets Pennsylvania asset qualifier mortgage lending. It is relevant for purchase and refinance borrowers who want to qualify from liquid assets rather than employment income, while staying with a lender focused on non-QM execution.
7
#7

Jefferson Reverse Mortgage

Asset qualifier option for borrowers with substantial liquid reserves

Max LTV Advertised

90%

PMI Requirement

No PMI

Asset Categories Mentioned

4+

Jefferson Reverse Mortgage markets an asset qualifier loan using checking, savings, investment, and retirement assets, making it relevant for Philadelphia retirees and asset-rich clients. Its published positioning around higher leverage and no-PMI messaging can appeal to borrowers seeking flexible qualification without traditional earned income.
8
#8

Farm Bureau Bank

High-balance asset qualifier option for affluent borrowers

Max Loan Amount

$3 million

Minimum Borrower Assets

$500,000

Asset Seasoning

6 months

Debt Coverage Test

60 months

Farm Bureau Bank is notable for a clearly defined asset qualifier mortgage program with large loan sizes and no employment, no income, and no DTI requirements. It is especially relevant for Philadelphia borrowers with substantial seasoned liquidity seeking a high-balance owner-occupied financing solution.
9
#9

5th Street Capital

Wholesale lender helping brokers place asset depletion files

Core Distribution Channel

Wholesale

5th Street Capital is relevant for Philadelphia mortgage professionals because it actively markets asset depletion loans to brokers serving high-net-worth clients with limited documented income. Its wholesale orientation makes it more useful to loan officers and brokers than to purely direct retail borrowers.
10
#10

HP Mortgage

Specialized liquid-asset qualifying mortgage provider

Office Locations Referenced

1

Phone Numbers Published

1

HP Mortgage makes the list because it explicitly positions itself around using liquid assets to qualify mortgage borrowers, which aligns well with the Philadelphia asset depletion niche. It appears more specialized than diversified, making it most useful when the core need is asset-based qualification rather than a broad lending relationship.

●Conclusion

Choosing among asset depletion and asset qualifier lenders in Philadelphia requires more than identifying which programs exist — it means matching your specific asset profile, credit position, and transaction structure to the lender best equipped to execute. Not every program on this list will fit every borrower. Some are optimized for very large loan balances with high minimum asset thresholds, while others offer more accessible entry points with fewer disclosed restrictions. Understanding where you fall on that spectrum before engaging a lender will save time and protect your negotiating position.

Key factors to evaluate as you compare options include the maximum LTV available for your property type and transaction, the seasoning requirements on the assets you plan to use for qualification, and whether the lender requires a full asset dissipation calculation or simply verifies reserves against a set threshold. Programs that eliminate DTI entirely are structurally different from those that impute income and then apply a standard ratio — and that distinction matters when your liquid assets are concentrated in retirement accounts with haircut treatment.

Loan pricing on non-QM and asset qualifier products typically carries a spread above conventional agency rates, reflecting the additional credit risk and reduced documentation structure. That premium varies by lender, LTV, loan size, and borrower credit score. Requesting loan-level pricing from at least two or three providers — and ensuring you are comparing equivalent terms — is essential before committing to a program. Closing timelines can also vary meaningfully between wholesale and retail channels, which may be relevant if you are under contract in a competitive Philadelphia market.

Finally, consider the broader lending relationship each provider can support. If your financing needs extend beyond a single asset qualifier transaction — into DSCR rental financing, jumbo purchase loans, or future refinances — a lender with a deeper non-QM product menu may offer more long-term value than one optimized for a single program type. Use this ranking as a starting framework, then align your final choice with the lender whose guidelines, pricing, and execution model best match your Philadelphia financing goals.

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