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Asset Depletion Loans in Malibu
Can I qualify for an asset depletion loan without a job?
Yes. The program converts your liquid assets into qualifying income on a 360-month schedule. You don't need W-2 employment, only documented savings or investments.
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Malibu's median home price is $3,195,000 with 596 active listings. Homes spend 92 days on market here.
Asset depletion loans convert liquid assets into qualifying income on a fixed schedule. This opens doors for retirees, business owners, and investors who have savings but limited W-2 earnings.
680
Minimum credit score
50%
Maximum debt-to-income
9 months
Minimum reserves required
$3,000,000
Maximum loan amount
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Asset depletion loans for a primary residence require a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio and a maximum $3,000,000 loan amount.
The program divides your liquid assets by 360 months to create qualifying income. A $500,000 savings account becomes roughly $1,389 per month in income.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Malibu.
Malibu's median home price is $3,195,000 with 596 active listings. Homes spend 92 days on market here.
Asset depletion loans convert liquid assets into qualifying income on a fixed schedule. This opens doors for retirees, business owners, and investors who have savings but limited W-2 earnings.
Asset depletion loans for a primary residence require a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio and a maximum $3,000,000 loan amount.
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.
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Asset depletion loans sit outside the conventional and agency space in the non-QM market. Fewer lenders write them than write FHA or conventional programs.
Underwriting focuses on asset documentation, not paystubs. You'll submit bank statements, brokerage statements, and proof of liquid funds.
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Asset depletion loans make sense in Malibu for retirees with substantial savings but no W-2 income. At the $3,195,000 median price, a buyer with $500,000 in liquid assets can qualify.
They don't work for buyers with minimal savings or those who need to preserve every dollar. The program requires 9 months of reserves after closing.
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Conventional loans require documented W-2 income and typically 10 to 20 percent down. Asset depletion loans skip the W-2 entirely and let your savings do the qualifying work.
Asset depletion rates run higher than conventional because the lender carries more risk. You'll also need to hold 9 months of reserves after closing.
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LA County placed LAUSD under heightened fiscal oversight due to concerns about the district's financial obligations. For buyers with school-age children, this signals a shift in the local education landscape.
Malibu's real estate market remains stable at 92 days on market. Buyers here are typically established professionals or retirees with significant assets.
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Asset depletion loans serve a specific niche in California's lending market. Malibu's $3,195,000 median price and established buyer base make it a natural market for this program.
Brokers shop asset depletion files across wholesale lenders that specialize in non-QM products. The program requires solid documentation but moves quickly once underwriting verifies your liquid funds.
FAQ
Yes. The program converts your liquid assets into qualifying income on a 360-month schedule. You don't need W-2 employment, only documented savings or investments.
Your liquid assets are divided by 360 months to create monthly income. A $360,000 savings account becomes $1,000 per month in qualifying income.
A minimum 680 representative credit score for a primary residence. This is lower than many conventional programs but still requires solid credit history.
Bank statements, brokerage statements, and proof of liquid funds. You won't need paystubs or W-2s.
SRK CAPITAL closes asset depletion loans in 17 to 21 days. Files can close in 10 days when expedited.
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.