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Asset Depletion Loans in Beverly Hills
Can I use my IRA or 401(k) to qualify for an Asset Depletion Loan?
Yes. Lenders divide your retirement account balance by 360 months to calculate qualifying income. A $600,000 IRA becomes roughly $1,667 monthly income.
01
Beverly Hills remains one of California's most competitive markets. LAUSD faces fiscal pressures that may affect long-term school stability in the area.
Buyers here often have substantial retirement accounts but limited recent income. Asset depletion loans let you qualify using those savings when W-2 earnings alone fall short.
620+
Minimum FICO
20% typical
Down Payment
45–60 days
Closing Timeline
Retirement accounts
Income Source
02
Asset Depletion Loans typically require a 620+ FICO score and 20% down payment minimum. The lender divides your liquid retirement assets by 360 months to create qualifying income.
Los Angeles County's median household income is $87,760 annually. In Beverly Hills, that income alone rarely qualifies for homes above $1,000,000.
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 remains one of California's most competitive markets. LAUSD faces fiscal pressures that may affect long-term school stability in the area.
Buyers here often have substantial retirement accounts but limited recent income. Asset depletion loans let you qualify using those savings when W-2 earnings alone fall short.
Asset Depletion Loans typically require a 620+ FICO score and 20% down payment minimum. The lender divides your liquid retirement assets by 360 months to create qualifying income.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
Asset Depletion Loans are specialized products offered by a smaller group of lenders. Most require manual underwriting and longer processing timelines—typically 45 to 60 days.
Portfolio lenders and credit unions often lead the market for asset depletion programs. Retail banks have tightened overlays on these loans, making broker-sourced options more competitive.
04
Asset Depletion Loans make sense for Beverly Hills buyers with strong retirement savings but limited current income. Below $1,000,000, conventional financing usually works better and closes faster.
Above $1,000,000, asset depletion becomes practical when W-2 income won't support the debt-to-income ratio. The 2026 conforming limit is $1,249,125, so jumbo lenders compete here too.
05
Jumbo loans also serve Beverly Hills buyers above the 2026 conforming limit of $1,249,125. They typically require 20% down, 700+ FICO, and 6–12 months reserves.
Asset depletion loans use your retirement accounts as reserves instead. This may be easier to document than maintaining separate liquid savings.
06
LAUSD faces significant fiscal pressure and potential county oversight. This may influence school-district stability and long-term property values in Beverly Hills.
Beverly Hills' proximity to entertainment industry jobs remains a draw. Buyers relocating for retirement often prioritize established neighborhoods and lifestyle over school districts.
07
Asset Depletion Loan volume in California remains modest compared to conventional and FHA lending. Demand has grown steadily as baby boomers retire with substantial retirement accounts.
Portfolio lenders and credit unions drive most asset depletion originations. Correspondent lenders have pulled back, making broker-sourced loans the primary path for Beverly Hills buyers.
FAQ
Yes. Lenders divide your retirement account balance by 360 months to calculate qualifying income. A $600,000 IRA becomes roughly $1,667 monthly income.
Most lenders require 620+ FICO. Some portfolio lenders go as low as 600, but 620 is the standard floor.
Expect 45 to 60 days. Manual underwriting takes longer than automated conventional loans, but you gain access to financing when income alone won't qualify.
Yes, 20% down is the typical minimum. Some lenders accept 15% with compensating factors like higher credit scores or larger retirement reserves.
Yes. Asset depletion loans work for jumbo purchases in Beverly Hills. They often carry lower rates than traditional jumbo loans because your retirement savings count as reserves.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
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Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.