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Culver City attracts retirees, investors, and entrepreneurs who don't fit traditional employment boxes. Many have seven-figure portfolios but minimal W-2 income.
Asset depletion loans let you qualify using liquid assets like stocks, bonds, and cash accounts. Lenders calculate monthly income by dividing your assets by 360 months.
This works well in Culver City's market where buyers often have wealth tied up in investments rather than paychecks. Tech exits, real estate sales, and retirement accounts all qualify.
Asset Depletion Loans in Culver City
You need substantial liquid assets. Most lenders require $500,000+ in accounts that remain after your down payment and closing costs.
Credit standards stay tight. Expect 680+ credit score minimums, though some lenders go to 660. You'll put down 20-30% depending on property type and asset levels.
Acceptable assets include taxable investment accounts, retirement accounts, stocks, bonds, and cash. Real estate equity and business assets don't count for most programs.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Culver City.
Culver City attracts retirees, investors, and entrepreneurs who don't fit traditional employment boxes. Many have seven-figure portfolios but minimal W-2 income.
Asset depletion loans let you qualify using liquid assets like stocks, bonds, and cash accounts. Lenders calculate monthly income by dividing your assets by 360 months.
This works well in Culver City's market where buyers often have wealth tied up in investments rather than paychecks. Tech exits, real estate sales, and retirement accounts all qualify.
Asset depletion lives entirely in non-QM lending. You won't find this at Wells Fargo or Chase. We work with specialty lenders who underwrite these daily.
Rate spreads vary wildly between lenders. I've seen 1.5% differences on identical scenarios depending on which lender you use and how they calculate asset income.
Some lenders include 100% of retirement account balances. Others use 70% to account for future tax liability. This calculation method dramatically affects your qualifying income.
Most borrowers overpay because they don't know lenders calculate assets differently. One lender might qualify you at $15,000 monthly income while another shows $22,000 using the same accounts.
I run numbers across five lenders minimum. The lender with the best rate isn't always the best deal if their asset calculation method disqualifies half your portfolio.
Culver City buyers often have complex asset structures. Stock options, restricted shares, and foreign accounts need specific lenders who understand those holdings.
Bank statement loans work better if you have business income to document. Asset depletion shines when your income comes from investments, not operations.
Foreign national loans serve non-residents. Asset depletion serves U.S. residents who simply don't earn traditional income. Different problems, different solutions.
DSCR loans make sense for pure investment properties. If you're buying a Culver City primary residence with portfolio wealth, asset depletion beats DSCR every time.
Culver City's proximity to tech corridors means many buyers here have RSU vesting schedules and stock option packages. Not all lenders count unvested equity.
Older buildings in Downtown Culver City sometimes hit lender property restrictions. Some non-QM lenders won't touch condos built before 1970 regardless of your assets.
The condo market near Sony Pictures and Hayden Tract requires careful lender selection. Association finances matter more in non-QM than conventional loans.
Most lenders require $500,000+ in liquid assets after your down payment and closing costs. Higher balances unlock better rates and terms.
Yes, 401(k)s and IRAs count. Some lenders use 100% of the balance while others use 70% to account for taxes when calculating income.
Rates run 1-2% above conventional loans currently. Your credit score, down payment, and total asset level all affect final pricing.
Absolutely. Taxable brokerage accounts, individual stocks, bonds, and mutual funds all qualify as liquid assets for income calculation.
Expect 3-4 weeks from application to closing. Non-QM lenders need time to verify asset balances and review statements across multiple accounts.
No, assets stay invested. Lenders only calculate theoretical income by dividing balances by 360 months to determine what you could access monthly.