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Asset Depletion Loans in Bradbury
Bradbury attracts retirees and entrepreneurs with significant liquid assets but minimal W-2 income. Asset depletion loans let you qualify based on your investment accounts, not your pay stubs.
This gated community's luxury home prices make traditional income qualification impractical for many wealthy buyers. Asset-based underwriting solves that problem directly.
Lenders calculate qualifying income by dividing your liquid assets by 360 months. A borrower with $2 million in verifiable assets shows $5,555 monthly income for qualification.
You need 620+ credit and enough assets to cover the down payment plus 3-6 months reserves after closing. Most Bradbury deals require 20-30% down depending on loan amount.
Asset depletion sits in the non-QM space where lenders set their own guidelines. We see rates typically 1-2% higher than conventional conforming loans.
Only about 15 wholesale lenders in our network offer true asset depletion programs. Each has different asset eligibility rules—some count IRAs at 70%, others at 100%.
Bradbury buyers often have complex portfolios mixing domestic stocks, real estate holdings, and international accounts. Not every lender counts all asset types equally.
We see the best pricing when liquid assets exceed the loan amount by 50% or more. Strong reserves signal low risk and unlock better rate tiers.
Bank statement loans work better if you have business income but complex deductions. Asset depletion makes sense when you have minimal income but substantial investable assets.
DSCR loans suit investment properties using rental income. Asset depletion handles primary residences where the property generates no income but the borrower has wealth.
Bradbury's $2-10 million+ price range pushes many loans into jumbo territory. Asset depletion programs cap at $3-4 million with most lenders, limiting options on higher-priced estates.
The city's equestrian zoning and large lots mean properties appraise differently than standard SFRs. Some lenders reduce maximum LTV on acreage over one acre.
Stocks, bonds, mutual funds, and retirement accounts typically qualify. Most lenders apply a 70-100% haircut to retirement funds and require 2-3 months of statements.
Yes, lenders calculate qualifying income from your IRA balance without requiring withdrawals. The account balance demonstrates ability to repay over the loan term.
Expect rates 1-2% higher than conventional loans and 0.5-1% origination fees. Larger down payments and stronger reserves can improve pricing noticeably.
Yes, full appraisals are mandatory. Equestrian features and large lots require appraisers familiar with luxury estate comparables in the San Gabriel Valley.
With 25% down, you need roughly $1.8-2.2 million in qualified assets after closing. This covers the $1.5 million loan amount divided by 360 plus required reserves.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.