Wealth · Florida
Asset-Based / Asset Depletion in Florida
Cash-rich, income-light in Florida? Qualify using your investment, retirement, and brokerage balances — no employment required.
Common challenges we solve
- No W-2 or recent earned income
- Significant liquid net worth
- Wanting to preserve assets, not deplete them
What you get with Lumos
Qualifying income derived from total assets
Jumbo and super-jumbo eligible
No employment verification
What's different in Florida
Florida has no state income tax, which makes it popular with retirees and investors living off their portfolios. Once you buy your primary home, the homestead exemption and Save Our Homes cap help limit assessment increases — but insurance costs on higher-value Florida homes can be substantial.
Loan programs that typically fit
Frequently asked
- Do you actually deplete my assets?
- No — it's only a qualifying formula. You keep your money invested.
- What assets count?
- Brokerage, retirement, and most liquid accounts. 100% checking/savings, 70% retirement.
