Loading
Loading
Asset Depletion Loans in San Dimas
Can I qualify for an asset depletion loan without a job?
Asset depletion loans convert your liquid assets into qualifying income on a fixed schedule. No employment income is required.
01
San Dimas sits in Los Angeles County where the median home price is $890,000. Homes spend about 45 days on market with 87 active listings.
Asset depletion loans convert liquid assets into qualifying income on a fixed schedule. This program works for retirees, semi-retired buyers, and anyone with substantial savings.
680
Minimum credit score
$890,000
Median home price
50%
Max debt-to-income ratio
17-21 days
Closing window
02
Asset depletion loans for a primary residence require a minimum 680 representative credit score and a maximum 50 percent total debt-to-income ratio. You'll need at least 9 months of reserves and $1,500 in residual monthly income.
The program divides your liquid assets by 240 months to create qualifying income. A $500,000 investment account becomes roughly $2,083 per month in documented income.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Dimas.
San Dimas sits in Los Angeles County where the median home price is $890,000. Homes spend about 45 days on market with 87 active listings.
Asset depletion loans convert liquid assets into qualifying income on a fixed schedule. This program works for retirees, semi-retired buyers, and anyone with substantial savings.
Asset depletion loans for a primary residence require a minimum 680 representative credit score and a maximum 50 percent total debt-to-income ratio. You'll need at least 9 months of reserves and $1,500 in residual monthly 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 a non-QM product outside the qualified mortgage box. Brokers like SRK CAPITAL shop these loans across wholesale lenders because not every retail bank offers them.
SRK CAPITAL closes asset depletion loans in 17 to 21 days, or 10 days when expedited. Underwriting verifies liquid assets through bank and investment statements.
04
Asset depletion loans make sense in San Dimas for buyers who have sold a business, inherited wealth, or built a substantial portfolio. At the $890,000 median price, a buyer with $500,000 in liquid assets can often qualify.
The trade-off is documentation burden and a tighter debt-to-income ceiling. If you have the assets and credit score, this program opens a door that conventional lending closes.
05
Conventional loans require employment income or rental income on a tax return. Asset depletion loans convert savings into qualifying income instead.
Both programs conform at $1,249,125 in Los Angeles County for 2026. The choice depends on your income profile, not the loan size.
06
San Dimas schools fall under LAUSD, which Los Angeles County placed under heightened fiscal oversight. That oversight may affect school funding and operations in the near term.
The broader LA County job market faced recent disruption from the Paramount-Skydance merger. For retired or asset-based buyers, this employment volatility matters less.
FAQ
Asset depletion loans convert your liquid assets into qualifying income on a fixed schedule. No employment income is required.
Bank accounts, investment accounts, brokerage holdings, and retirement accounts all count. Your lender verifies balances through recent statements.
Your total liquid assets are divided by 240 months to create a monthly income figure. A $480,000 asset base becomes $2,000 per month in qualifying income.
A minimum 680 representative credit score is required for a primary residence. Your lender pulls your full credit profile during underwriting.
SRK CAPITAL closes asset depletion loans in 17 to 21 days, or 10 days when expedited. Timeline depends on how quickly you provide asset documentation.
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.