Loading
Loading
Asset Depletion Loans in Burbank
Can I use my 401K without withdrawing funds?
Yes. Lenders count 401K balances without requiring withdrawals. They calculate qualifying income by dividing the balance by 360 months, leaving your retirement intact.
01
Burbank's media and entertainment professionals often hold significant assets in portfolios, not paychecks. Asset depletion loans let you qualify using stocks, bonds, and retirement accounts instead of W-2 income.
This program works particularly well for retirees, entrepreneurs with large exits, and industry workers with irregular pay structures. Lenders divide your liquid assets by 360 months to calculate qualifying income.
With Burbank's median home prices requiring substantial down payments, this loan type attracts buyers who have the wealth but lack traditional income documentation. You're leveraging what you've already built.
02
Most lenders require $500K to $2M in liquid assets depending on loan amount. Credit scores start at 660, though 700+ unlocks better rates.
Down payments run 20-30% for primary homes, higher for investment properties. Assets must be in stocks, bonds, mutual funds, or retirement accounts—not tied up in real estate or business equity.
Lenders won't count illiquid assets like property or restricted stock. They want accounts you could theoretically liquidate, even if you never plan to touch them.
Loan amounts top out around $3M with most lenders. A few portfolio lenders go higher, but expect tighter terms above that threshold.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Burbank.
Burbank's media and entertainment professionals often hold significant assets in portfolios, not paychecks. Asset depletion loans let you qualify using stocks, bonds, and retirement accounts instead of W-2 income.
This program works particularly well for retirees, entrepreneurs with large exits, and industry workers with irregular pay structures. Lenders divide your liquid assets by 360 months to calculate qualifying income.
With Burbank's median home prices requiring substantial down payments, this loan type attracts buyers who have the wealth but lack traditional income documentation. You're leveraging what you've already built.
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
Only about 30 of our 200+ lenders offer true asset depletion programs. The rest stopped during 2023's rate volatility when liquidity tightened.
Rates run 1.5-2.5% above conventional loans. You're paying a premium for underwriting flexibility and zero income verification.
Each lender calculates differently. Some use a 60-month depletion period instead of 360 months, dramatically increasing your qualifying income but requiring massive asset reserves.
Portfolio lenders dominate this space. They hold these loans instead of selling them, which means faster approvals but less rate shopping.
04
I see two borrower types blow deals. First: people who claim $3M in assets but it's all tied up in their business or real estate. That doesn't work here.
Second: borrowers who wait until the last minute to provide asset documentation. Three months of statements for every account takes time, especially with multiple brokerages.
The lenders who quote lowest rates often have the strictest asset requirements. A higher rate from a flexible lender beats a declined application from a picky one.
Burbank buyers forget about California's property tax and homeowners association fees. Your asset depletion calculation must cover PITI plus reserves—usually six months minimum.
05
Bank statement loans require two years of business deposits. Asset depletion needs no income proof at all—just account balances.
If you're self-employed with strong revenue, bank statement loans usually cost less. If you're retired or between ventures, asset depletion makes more sense.
DSCR loans work for investment properties using rental income. Asset depletion handles any property type but requires larger reserves.
Foreign national loans demand 30-40% down minimum. Asset depletion starts at 20% for U.S. citizens with the right asset mix.
06
Burbank's condo market creates problems with asset depletion lenders. Many won't touch units in complexes with pending litigation or less than 10% reserves.
The Magnolia Park and Rancho areas attract this loan type most. Buyers want the school districts but work freelance or consulting gigs that make traditional qualifying tough.
Entertainment industry residuals and deferred compensation don't count as liquid assets. You need straight investment accounts—IRAs, 401Ks, brokerage statements.
Burbank's proximity to studios means many buyers have significant stock compensation. That works if it's vested. If it's restricted or on a vesting schedule, lenders exclude it entirely.
FAQ
Yes. Lenders count 401K balances without requiring withdrawals. They calculate qualifying income by dividing the balance by 360 months, leaving your retirement intact.
Lenders combine all qualifying accounts. You'll need three months of statements for each one, showing consistent balances without large unexplained deposits or withdrawals.
Expect $200K-$300K down payment plus $1.5M-$2M in liquid assets. Exact requirements vary by lender, credit score, and property type.
Higher asset balances relative to loan amount typically improve pricing. A borrower with $5M qualifying for $800K sees better rates than $1.5M for the same loan.
Yes, but expect 25-30% down minimum and higher rates. Some lenders require 30% reserves on top of standard six-month requirement for investment properties.
Plan for 17-21 days with complete documentation. Delays happen when borrowers have assets across multiple institutions or international accounts requiring verification.
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.
SRK CAPITAL in Los Angeles County
Our team of licensed mortgage brokers works Los Angeles County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Los Angeles County, so local limits and rules are already familiar.
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.