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California City attracts retirees and self-funded buyers who hold wealth in accounts rather than W-2 income. Asset depletion loans let you qualify by dividing liquid assets by 360 months to create income on paper.
As of February 2026, lenders now accept broader asset classes including verified cryptocurrency holdings. This matters in California City where many buyers have diversified portfolios outside traditional stocks and bonds.
Asset Depletion Loans in California City
You need minimum $500K in liquid assets to make the numbers work. Lenders divide your total by 360 months to calculate qualifying income. A $1M portfolio generates $2,778 monthly income for approval purposes.
Credit scores start at 660 for most programs. You'll put down 20-30% depending on asset levels and property type. Rates run 1-2% above conventional due to the non-QM structure.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in California City.
California City attracts retirees and self-funded buyers who hold wealth in accounts rather than W-2 income. Asset depletion loans let you qualify by dividing liquid assets by 360 months to create income on paper.
As of February 2026, lenders now accept broader asset classes including verified cryptocurrency holdings. This matters in California City where many buyers have diversified portfolios outside traditional stocks and bonds.
You need minimum $500K in liquid assets to make the numbers work. Lenders divide your total by 360 months to calculate qualifying income. A $1M portfolio generates $2,778 monthly income for approval purposes.
Fewer than 40 wholesale lenders offer true asset depletion programs. Many have different rules on which assets count—some accept stocks and bonds only, others now include verified crypto balances.
We shop your scenario across our full panel to find who counts the most of your portfolio. One lender might exclude your Bitcoin position while another counts 70% of verified holdings. That difference changes your approval amount.
California City buyers often have assets but irregular income from investments or business sales. I see retired aerospace workers from Mojave and Edwards AFB who sold companies but don't show traditional income.
Don't liquidate assets to show cash reserves. Lenders prefer seeing diversified holdings you're not touching. The goal is proving you can sustain payments from portfolio withdrawals over the loan term.
Bank statement loans need 12-24 months of business deposits. Asset depletion requires zero income documentation—just current account statements. If you're between careers or fully retired, this route makes more sense.
DSCR loans work for rental properties but need the property to cash flow. Asset depletion works on primary homes where cash flow doesn't exist. Different tools for different situations.
California City properties often sit in the $200K-400K range. With 25% down on a $300K home, you need roughly $600K in assets to qualify comfortably. Many local buyers have that from previous home sales or retirement accounts.
The rural location means longer appraisal timelines. Budget 3-4 weeks for inspection and valuation. Some lenders get nervous about California City due to water infrastructure concerns, so lender selection matters more here.
Most lenders accept stocks, bonds, mutual funds, and retirement accounts. As of February 2026, some lenders also count verified cryptocurrency holdings at 60-70% of value.
Yes. Lenders count 401k and IRA balances without requiring withdrawals. They calculate hypothetical income by dividing the balance by 360 months for qualification purposes.
With 25% down, expect to need $600K-750K in liquid assets. This covers the down payment plus enough remaining balance to generate qualifying income when divided by 360 months.
Yes. Asset depletion loans typically run 1-2 percentage points above conventional rates due to the non-QM structure. Rates vary by borrower profile and market conditions.
Most lenders allow combining asset depletion with Social Security or pension income. This lowers the total assets needed and can improve your debt-to-income ratio for approval.
Expect 25-35 days from application to closing. Asset verification adds time compared to traditional loans, especially if holdings span multiple institutions or include alternative assets like crypto.