Creative Loans for Florida Retirees

Using asset-depletion and non-traditional income for home financing.

Florida is the retirement capital of the world, but many retirees face a common hurdle: on paper, their "income" (Social Security or a small pension) doesn't look large enough to qualify for a standard mortgage, even if they have a multi-million dollar investment portfolio.

The Solution: Asset Depletion

If you have significant assets in a 401(k), IRA, or brokerage account, we can use a "Creative Solution" called Asset Depletion. Instead of looking for a traditional paycheck, we calculate your qualifying income based on the total value of your liquid assets divided over a set period.

Why This Works in Florida:

• Downsizing simplified: Use the equity from your previous out-of-state home to buy your Florida dream home while keeping your monthly payments manageable.

• No "Employment" Required: Perfect for those who have officially exited the workforce but want to take advantage of today's market.

Flexibility: Whether it's a primary residence in Sarasota or a vacation condo in Naples, your wealth should work for you.