What We OfferCrypto Asset Depletion Loans
Non-QM crypto-asset coverage and asset depletion loans allow high-net-worth borrowers to qualify for mortgages using cryptocurrency holdings (primarily Bitcoin and Ethereum) as income-producing assets without requiring liquidation. These loans, offered by lenders treat crypto similar to stocks, applying conservative haircuts (e.g., 25%-50% value) to determine monthly income, often calculating
Key Features of Crypto Asset Depletion Loans
No Liquidation Needed: Borrowers retain ownership of their digital assets, avoiding immediate capital gains taxes.
Asset Haircuts: To account for volatility, lenders often discount crypto values significantly. For example, some programs use only 25% of the Bitcoin/Ethereum value.
Qualification Criteria: These programs often require high asset volumes (sometimes $1 million+), a minimum down payment of 15%–20%, and credit scores typically 660+.
Combined Income: Crypto assets can often be combined with other income sources, such as retirement accounts, stocks, or traditional income.
Transparency: Blockchain allows lenders to monitor wallet balances, providing high transparency into the borrower’s ongoing financial health.
Coverage and Usage
Acceptable Assets: Bitcoin and Ethereum are standard, while some lenders also include crypto-focused mutual funds or ETFs.
Usage: Used for primary homes, second homes, or investment properties (DSCR loans).
These loans are tailored for individuals with substantial wealth tied up in digital assets but low verifiable W-2 income, such as retirees or crypto investors