Loading
Artesia sits in southeast Los Angeles County. Many residents here are retired, self-employed, or hold significant liquid assets with little traditional income.
Asset depletion loans convert your savings into qualifying income. No W-2 required. No pay stubs. Your balance sheet does the work.
680+
Min Credit Score
20–30%
Down Payment
2–3 months
Asset Seasoning
None
Income Docs Required
Non-QM
Loan Type
Asset Depletion Loans in Artesia
Lenders divide your liquid assets by a set number of months — often 60 to 84. That figure becomes your monthly income for qualification.
Eligible assets typically include checking, savings, money market, and investment accounts. Most lenders discount retirement accounts by 30-40% if you're under 59½.
Big banks rarely offer asset depletion. This is a non-QM product. You need a broker with access to wholesale non-QM lenders — not a retail bank teller.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in asset depletion structures. Rate and terms vary significantly between them.
The biggest mistake borrowers make: mixing illiquid assets into the calculation. Real estate equity and business assets usually don't count.
We also see borrowers underestimate how much they need. To generate $5,000/month in qualifying income over 84 months, you need $420,000 in eligible liquid assets.
Bank statement loans work better if you have active self-employment income flowing through accounts. Asset depletion suits borrowers whose money sits, not flows.
DSCR loans require a rental property generating income. Asset depletion has no property income requirement. It's purely balance-sheet driven.
Artesia has a large South Asian community with strong family wealth patterns. Many borrowers here are retired business owners with substantial savings but minimal reportable income.
Foreign national borrowers in Artesia sometimes explore asset depletion too. But Foreign National Loans may be the cleaner path — asset depletion still requires a U.S. credit profile.
Checking, savings, money market, and brokerage accounts typically qualify. Business accounts and illiquid assets like real estate equity usually do not.
No employment income is required. Your liquid assets are converted into a monthly income figure used for qualification.
Most non-QM lenders require at least 680. Higher scores unlock better rates. Rates vary by borrower profile and market conditions.
Expect 20–30% down on most asset depletion programs. Some lenders require more depending on credit profile and loan size.
Yes, but lenders often apply a 30–40% discount if you're under 59½. Accessible retirement funds count more favorably after that age.
Some lenders allow it for non-owner-occupied properties. A DSCR loan may be a stronger fit if the property generates rental income.