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El Centro sits in Imperial County — a border region where cash-heavy borrowers often can't show W-2 income. Asset depletion loans exist for exactly this borrower.
These are non-QM loans. Lenders calculate income by dividing your liquid assets over a set term. No pay stubs required.
680 (typical)
Min Credit Score
Assets ÷ 360 months
Asset Calculation
None
Income Docs Required
12-24 months
Reserves After Closing
Non-QM
Loan Type
Asset Depletion Loans in El Centro
Lenders divide your eligible assets by the loan term — typically 360 months. That monthly figure becomes your qualifying income.
Most lenders want 12-24 months of reserves after closing. Strong credit, usually 680+, helps offset the non-traditional income structure.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in El Centro.
El Centro sits in Imperial County — a border region where cash-heavy borrowers often can't show W-2 income. Asset depletion loans exist for exactly this borrower.
These are non-QM loans. Lenders calculate income by dividing your liquid assets over a set term. No pay stubs required.
Lenders divide your eligible assets by the loan term — typically 360 months. That monthly figure becomes your qualifying income.
Most retail banks won't touch asset depletion. Wholesale lenders built for non-QM programs are where these deals get done.
Pricing varies sharply between lenders. One wholesaler may require 20% down. Another may push to 30%. Shopping matters here.
The most common mistake I see: borrowers assume all their assets count. Retirement accounts often get a 30-40% haircut. Know your eligible balance before you apply.
Asset depletion works best when you have a clean credit profile. A 720+ score and 18 months reserves makes underwriters comfortable with the non-standard income structure.
Bank Statement loans work better if you run a business with consistent deposits. Asset depletion is the right call when your business income is irregular or you're fully retired.
DSCR loans require rental income from the property itself. Asset depletion doesn't — your personal liquid wealth carries the qualification.
Imperial County has a large population of cross-border business owners and agricultural investors. Many hold substantial liquid assets but show minimal taxable income.
El Centro's lower price points mean asset depletion borrowers often don't need to exhaust their reserves to qualify. That's a real advantage over higher-cost California markets.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60-70% of their balance.
No traditional income is required. Your liquid assets alone can serve as the qualifying income source under asset depletion guidelines.
It depends on the loan amount and term. Your assets get divided over 360 months — whatever that monthly figure is must cover the payment and qualify you.
Yes. Non-QM underwriting is more manual and lender standards vary. A strong asset base and clean credit profile are essential.
Typically yes. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Possibly, but foreign-sourced assets face extra scrutiny. A Foreign National loan may be a better fit depending on residency and asset location.