Whether you are downsizing, buying a second home or moving to Pennsylvania after selling a business, your balance sheet may say more about your ability to pay than your tax return does. Asset-based mortgages look at liquid savings and investments rather than monthly earnings. A loan officer can compare a non-QM asset depletion scenario with any agency asset-based option you might fit for your Pennsylvania purchase. Accounts that are pledged or hard to sell usually will not count, so set those aside when you add things up.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Mortgage lenders, brokers and loan originators serving Pennsylvania are licensed by the Pennsylvania Department of Banking and Securities. Non-QM loans are made by the same licensed lenders and brokers, so you can confirm any company's or loan officer's license on NMLS Consumer Access before you apply.
Where the numbers point in Pennsylvania
Counties with the most owner households headed by someone 65+:
| County | Owner households headed by someone 65+ |
|---|---|
| Wayne County | 42.5% |
| Huntingdon County | 39.5% |
| Fayette County | 39.2% |
| Cambria County | 39.1% |
| Bradford County | 38.9% |
| Venango County | 38.7% |
| Somerset County | 38.5% |
| Westmoreland County | 38.4% |
| Warren County | 38.3% |
| Elk County | 38.0% |
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Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Local pages in Pennsylvania
- Non-QM lenders in Philadelphia
- Non-QM lenders in Pittsburgh
- Non-QM lenders in Allentown
- Non-QM lenders in Harrisburg
- Non-QM lenders in Lancaster
- Non-QM lenders in Scranton
- Non-QM lenders in Reading
- Non-QM lenders in York
- Non-QM lenders in Erie
- Non-QM lenders in Pottstown
- Non-QM lenders in State College
- Non-QM lenders in Lebanon
- Non-QM lenders in Bethlehem
- Non-QM lenders in Altoona
- Non-QM lenders in Hanover
- Non-QM lenders in Johnstown
- Non-QM lenders in Monessen
- Non-QM lenders in East Stroudsburg
- Non-QM lenders in Hazleton
- Non-QM lenders in Williamsport
- Non-QM lenders in Chambersburg
- Non-QM lenders in Levittown
- Non-QM lenders in Bloomsburg
- Non-QM lenders in Uniontown
- Non-QM lenders in Wilkes-Barre
- Non-QM lenders in Pottsville
- Non-QM lenders in New Castle
- Non-QM lenders in Butler
- Non-QM lenders in Norristown
- Non-QM lenders in Chester
Common questions
Are there tax consequences to using retirement funds this way?
Qualifying with retirement assets does not by itself trigger a withdrawal or a tax event, because the calculation is on paper. If you later withdraw funds to make payments, taxes and penalties may apply depending on the account and your age. How that affects you is a personal question, so talk to a tax professional before relying on retirement funds.
Do I have to withdraw money every month?
No. The calculation measures your capacity to pay from assets; it does not require you to draw down your accounts on a schedule. You can pay the mortgage from any source, including investment returns, a pension or Social Security. The lender simply wants confidence that your assets are large enough to support the payment over time.
Can I combine asset depletion with other income?
Often, yes. Many programs let you add asset-based income to Social Security, a pension, annuity payments, rental income or part-time earnings. Combining sources can help you reach the income figure you need without counting every asset. Tell your loan officer about every source so they can choose a program that allows the mix you have.
Other non-QM options in Pennsylvania
Bank statement loansNon-QM lendersSelf-employed1099 loansP&L loansNo-doc / stated incomeNew self-employedITIN loansForeign nationalNon-warrantable condoBank statement HELOCInterest-only
Related guides
- Asset Depletion Loans Explained: Qualifying With Savings and Investments
- What Is a Non-QM Loan?
- How to Compare Non-QM Loan Offers: Loan Estimates, Features and Fit
Asset Depletion Mortgages overview · Pennsylvania non-QM overview
- Census ACS 2020-2024, table B25007