Loading
Loading
Beverly Hills represents one of the most exclusive real estate markets in Los Angeles County. High-net-worth buyers here often have substantial assets but non-traditional income streams.
Asset depletion loans provide a financing solution designed specifically for this demographic. These non-QM mortgage programs let you use liquid assets to demonstrate ability to repay.
This approach works well for retirees, investors, and entrepreneurs purchasing luxury homes. Beverly Hills buyers frequently need flexible underwriting that traditional loans cannot provide.
Asset Depletion Loans in Beverly Hills
Asset depletion loans calculate your monthly income by dividing liquid assets by the loan term. Lenders typically divide your total assets by 360 months for a standard calculation.
Qualifying assets include stocks, bonds, mutual funds, and retirement accounts. Cash reserves in checking and savings accounts also count toward your qualification amount.
You still need good credit and reasonable debt-to-income ratios. Most programs require credit scores of 660 or higher, though requirements vary by lender and loan amount.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Beverly Hills.
Beverly Hills represents one of the most exclusive real estate markets in Los Angeles County. High-net-worth buyers here often have substantial assets but non-traditional income streams.
Asset depletion loans provide a financing solution designed specifically for this demographic. These non-QM mortgage programs let you use liquid assets to demonstrate ability to repay.
This approach works well for retirees, investors, and entrepreneurs purchasing luxury homes. Beverly Hills buyers frequently need flexible underwriting that traditional loans cannot provide.
Asset depletion loans come from specialized non-QM lenders, not conventional banks. These lenders understand the financial profiles of high-net-worth individuals with complex portfolios.
Working with an experienced mortgage broker gives you access to multiple lender options. Different lenders have varying asset calculation methods and loan-to-value requirements.
Some lenders allow 100% of retirement account balances while others discount them. Finding the right lender match significantly impacts your qualification amount and loan terms.
Many Beverly Hills buyers hold wealth in investment portfolios rather than W-2 income. Asset depletion loans recognize this reality and provide appropriate financing solutions.
These programs work exceptionally well for early retirees purchasing downsized luxury properties. They also serve business owners who reinvest profits rather than taking large salaries.
The key advantage is avoiding liquidation of investment positions to make cash purchases. You preserve your asset allocation strategy while securing competitive mortgage financing.
Asset depletion loans are one of several non-QM options for Beverly Hills buyers. Bank statement loans work better if you have consistent business deposits but limited liquid assets.
DSCR loans suit investment property purchases based on rental income potential. Foreign national loans serve international buyers without U.S. credit or tax returns.
Each program serves different financial situations and property types. Understanding which option matches your profile ensures optimal loan terms and smooth approval processes.
Beverly Hills properties command premium prices that often exceed conventional loan limits. Asset depletion programs accommodate jumbo loan amounts common in this luxury market.
The city attracts entertainment industry professionals, business executives, and international investors. These buyers typically have substantial portfolios but non-traditional income documentation.
Los Angeles County has diverse lending options given its large affluent population. Beverly Hills specifically benefits from lender familiarity with high-value, asset-based financing scenarios.
Requirements vary by property price and loan amount. Most lenders want to see assets totaling at least twice the loan amount after down payment and reserves. Rates vary by borrower profile and market conditions.
Yes, most lenders accept 401(k), IRA, and other retirement accounts. Some lenders count 100% of the balance while others apply a discount factor of 60-70% depending on account type.
Asset depletion loans typically carry slightly higher rates as non-QM products. However, competitive rates are available for borrowers with strong credit and substantial assets. Rates vary by borrower profile and market conditions.
Timeline is often faster than traditional loans since there is less income documentation. Most asset depletion loans close within 30-45 days once you provide complete asset statements.
Yes, asset depletion loans work for both purchases and refinances. This option helps retirees or business owners access equity without providing tax returns or employment verification.