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San Marino's luxury market attracts retired executives and trust fund beneficiaries who don't fit traditional W-2 molds. Asset depletion loans let you qualify based on portfolio value, not employment letters.
When you own $5 million in liquid assets but show zero on a tax return, conventional underwriting fails. This program divides your asset balance into monthly income for qualification purposes.
San Marino buyers often carry 7-figure brokerage accounts but minimal reportable income. Asset depletion bridges that gap without forcing liquidation or tax events.
Asset Depletion Loans in San Marino
Most lenders divide your liquid assets by 360 months to calculate monthly income. A $3.6 million portfolio becomes $10,000 per month for debt-to-income ratios.
You need 620+ credit and 20-30% down depending on property type. Larger asset pools sometimes offset lower credit scores.
Qualifying assets include stocks, bonds, mutual funds, and money market accounts. Retirement accounts count at discounted rates, usually 60-70% of value.
Expect asset verification through 2-3 months of brokerage statements. Lenders want to see stable balances, not accounts drained last week.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Marino.
San Marino's luxury market attracts retired executives and trust fund beneficiaries who don't fit traditional W-2 molds. Asset depletion loans let you qualify based on portfolio value, not employment letters.
When you own $5 million in liquid assets but show zero on a tax return, conventional underwriting fails. This program divides your asset balance into monthly income for qualification purposes.
San Marino buyers often carry 7-figure brokerage accounts but minimal reportable income. Asset depletion bridges that gap without forcing liquidation or tax events.
Asset depletion lives exclusively in non-QM channels. No Fannie Mae or FHA version exists, so you're working with specialty lenders only.
We access 30+ lenders offering this program with different asset calculation methods. Some count 100% of taxable accounts while others discount everything.
Rate spreads run wide based on how lenders value your assets. One might quote 7.5% while another hits 6.8% on identical scenarios.
San Marino loan amounts often exceed $2 million, which narrows the lender pool. Not every non-QM shop handles jumbo asset depletion.
Asset depletion makes sense when you have 30x the loan amount in liquid assets. Below that ratio, bank statement or DSCR loans often price better.
I see San Marino buyers push this program when they shouldn't liquidate for down payments. If you need to drain accounts to close, reconsider the purchase price.
Lenders treat retirement accounts differently. Some use full IRA balances, others apply 30-40% haircuts for early withdrawal penalties.
The best deals come from lenders who count municipal bonds at 100% value. Others discount them like stocks, which kills your qualifying income.
Bank statement loans work better if you run business income through personal accounts. Asset depletion shines when you have zero income but massive portfolios.
Foreign national programs require larger down payments but skip credit history requirements. Asset depletion needs U.S. credit but accepts lower down payments.
DSCR loans make sense for investment properties using rental income. Asset depletion handles primary residences where your lifestyle exceeds your W-2.
1099 loans require two years of tax returns showing self-employment. Asset depletion ignores tax returns entirely, focusing only on account balances.
San Marino properties often require jumbo financing, which complicates asset depletion. You need lenders comfortable with $2-4 million loan amounts and non-traditional income.
Local property taxes run high, increasing your debt-to-income ratios. That forces you to show larger asset balances to qualify for the same loan amount.
The city's top-tier school district attracts families burning through savings for education. Asset depletion accounts for that spend pattern without penalizing you.
Earthquake insurance adds $300-500 monthly to housing costs. Factor that into your qualification ratios before locking rates.
Figure $4-5 million in liquid assets to comfortably qualify. Lenders divide your balance by 360 to calculate monthly income for debt ratios.
Yes, but most lenders discount IRA balances by 30-40%. A $1 million IRA might count as $600,000 in qualifying assets.
Rates run 1-2% higher than conventional. You trade higher costs for zero income documentation and faster closing timelines.
No, you keep your portfolio intact. Lenders verify balances but don't require you to sell investments for down payment or reserves.
720+ credit accesses top pricing tiers. Below 680, expect rate increases of 0.5-1% even with substantial assets.