Loading
Asset Depletion Loans in San Gabriel
San Gabriel's established neighborhoods attract retirees and high-net-worth buyers who don't show traditional income. Asset depletion loans let you qualify based on liquid accounts instead of W-2s or tax returns.
This loan type works well for buyers with substantial portfolios but low reported income. Think early retirees, trust beneficiaries, or investors who shelter earnings through write-offs.
Lenders divide your liquid assets by the loan term to calculate qualifying income. A $1.2M portfolio becomes $4,000 monthly income over 25 years. You need verified accounts worth enough to cover the division.
Credit minimums run 640-680 depending on down payment and asset levels. Higher scores and larger portfolios unlock better rates. Rates vary by borrower profile and market conditions.
Asset depletion sits in the non-QM space, meaning no Fannie or Freddie backing. You're working with portfolio lenders and private capital sources. Not every lender offers this product.
We shop across 200+ wholesale lenders to find who accepts your specific asset mix. Some lenders count retirement accounts at 70%, others exclude them entirely. The underwriting differences matter significantly.
Most San Gabriel buyers stumble into asset depletion after getting declined for conventional loans. They have money but minimal reported income. We position this loan upfront when tax returns show business losses or low AGI.
The biggest mistake is liquidating assets to show higher bank balances. Keep funds where they sit. Lenders verify seasoning and source. Moving money around creates documentation headaches and delays closing.
Bank statement loans work better if you have business income but don't want to use tax returns. Asset depletion suits retirees or trust beneficiaries with no income stream at all.
DSCR loans make sense for investment properties where rental income covers the payment. Asset depletion handles primary residences and second homes where you need personal qualification but lack traditional income.
San Gabriel's older housing stock near Mission and downtown attracts downsizers with accumulated wealth. These buyers often qualify easily through asset depletion after selling larger properties in Arcadia or San Marino.
Property values here support non-QM lending without requiring jumbo loan amounts. The stable market and low turnover appeal to lenders underwriting portfolio-based deals.
Stocks, bonds, and savings accounts typically count at 100%. Retirement accounts often count at 60-70% depending on lender. Real estate equity doesn't qualify.
It depends on the loan amount and term. A $600K loan over 30 years needs roughly $2.2M in liquid assets after down payment to generate enough calculated income.
Yes, this loan works for primary residences, second homes, and investment properties. Guidelines tighten slightly for non-primary use but the core qualification stays the same.
No, lenders only require proof of asset ownership and value. The portfolio stays invested. You maintain your existing investment strategy throughout the process.
Expect rates 1-2% higher than conforming loans due to non-QM risk pricing. Larger down payments and stronger credit scores reduce the premium. Rates vary by borrower profile.
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.