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Alhambra sits in the San Gabriel Valley — a corridor with serious wealth tied up in portfolios, not paychecks.
Asset depletion loans let you qualify using liquid assets instead of W-2s or tax returns. No job required.
Typically 680+
Min Credit Score
60–84 months
Asset Depletion Term
None
Income Required
Non-QM
Loan Category
Asset Depletion Loans in Alhambra
Lenders divide your liquid assets by a set number of months — typically 60 to 84 — to calculate monthly income.
Stocks, bonds, retirement accounts, and savings can all count. The asset must be liquid and verifiable.
Most banks won't touch this loan type. It's a non-QM product — that means specialty lenders only.
We work with 200+ wholesale lenders. Several offer competitive asset depletion programs with real flexibility.
The biggest mistake I see: borrowers try to use restricted accounts without checking the withdrawal rules first.
If your assets are tied up in a 401k with penalties, that changes the math. Document everything before you apply.
Bank statement loans work if you run a business with cash flow. Asset depletion works when the business is gone.
DSCR loans are for rental properties. Asset depletion is for your personal residence or second home purchase.
Alhambra has a large affluent retiree population. Many have sold businesses or properties and hold significant liquid wealth.
LA County home prices make conventional qualifying tough on fixed income. Asset depletion fills that gap directly.
Checking, savings, stocks, bonds, and retirement accounts typically qualify. Assets must be liquid and fully documented.
No earned income is required. The lender converts your asset total into a calculated monthly income figure.
Most lenders want 680 or higher for asset depletion programs. Some go lower, but expect a higher rate.
Yes, but lenders typically count retirement accounts at 60–70% of value. Early withdrawal penalties reduce that further.
Yes. Non-QM programs carry a rate premium. Rates vary by borrower profile and market conditions.
Yes. Asset depletion works for primary residences and second homes. Investment property use depends on the lender.