Bank Statement Converter for Asset Depletion Mortgage Programs

Asset depletion mortgages allow high-net-worth borrowers — retirees, investors, and business owners — to qualify using liquid assets instead of income. Lenders divide your total assets over a loan term to calculate imputed monthly income. Convert your bank and investment statements to Excel for asset depletion loan documentation.

Key Benefits

• Exports total liquid assets across bank accounts, brokerage, and IRA accounts
• Supports asset depletion programs at Wells Fargo, Citi, and JP Morgan
• Calculates imputed monthly income: assets ÷ loan term months
• Works with checking, savings, brokerage, and money market statements
• 12-month export shows asset stability required by depletion lenders

How It Works

1. Step 1: Upload your bank and investment account statement PDFs
2. Step 2: Select Excel output for each account
3. Step 3: Compile all accounts into a single workbook
4. Step 4: Calculate total eligible assets for the lender's asset depletion worksheet

Frequently Asked Questions

How do asset depletion mortgages calculate qualifying income?

Lenders take your total eligible liquid assets (checking, savings, brokerage — typically not retirement accounts at full value), subtract the down payment and closing costs, and divide by the remaining loan term in months. For example, $1,000,000 in assets ÷ 360 months = $2,778/month of imputed income. Export all account statements to Excel and sum eligible assets for the calculation.

Which assets qualify for an asset depletion mortgage?

Most lenders accept: checking and savings accounts (100% of value), brokerage accounts (70–100% of current value depending on lender), IRA/401(k) (60–70% due to tax penalty), and CDs (100%). Export statements from each account type to Excel and apply the lender's eligibility percentage to calculate total qualifying assets.

Convert for Asset Depletion Mortgage Free