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Aliso Viejo attracts retirees, investors, and high-net-worth buyers with strong balance sheets but no W-2 income. Asset depletion loans were built for exactly this profile.
This is a non-QM loan. That means it falls outside standard agency guidelines. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
~620
Min Credit Score
30–40%
Asset Haircut (Retirement)
30–45 Days
Typical Close Time
12+ Months
Reserves Required
Non-QM
Loan Type
Asset Depletion Loans in Aliso Viejo
Most lenders want at least 12 months of reserves after closing. Eligible assets include checking, savings, brokerage accounts, and sometimes retirement funds at a discount.
Credit score requirements vary by lender. Expect a floor around 620, though stronger asset profiles can sometimes offset a thinner credit file. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Aliso Viejo.
Aliso Viejo attracts retirees, investors, and high-net-worth buyers with strong balance sheets but no W-2 income. Asset depletion loans were built for exactly this profile.
This is a non-QM loan. That means it falls outside standard agency guidelines. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
Most lenders want at least 12 months of reserves after closing. Eligible assets include checking, savings, brokerage accounts, and sometimes retirement funds at a discount.
Most retail banks won't touch asset depletion loans. This product lives almost entirely in the wholesale and portfolio lender space.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products like this. That matters — terms, asset haircuts, and rate spreads vary sharply across lenders.
The biggest mistake I see: borrowers assume all liquid assets count dollar-for-dollar. Retirement accounts often get a 30-40% haircut. Know your net qualifying number before you shop.
Timing matters too. Depressed brokerage values at application hurt your calculated income. If markets are down, some borrowers wait or shift assets before locking in a loan.
Bank Statement Loans are the other common non-QM option for self-employed buyers. They work better if you have consistent monthly deposits. Asset depletion fits when income is irregular or nonexistent.
DSCR Loans cover investment property using rental income — not assets. If you're buying a rental in Aliso Viejo, that's a different conversation than buying a primary with depletion income.
Aliso Viejo is a planned community in Orange County with strong HOA-governed neighborhoods. Lenders still require HOA review, so budget time for that step in the approval process.
Orange County prices run high. Asset depletion loans can go jumbo — meaning above conforming limits — which is common in this market. Non-QM jumbo adds another layer of lender scrutiny.
They divide eligible assets by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.
Most lenders allow retirement accounts with a 30-40% discount applied. Vested balances count; unvested do not.
Yes. Asset depletion works for primary residences, second homes, and investment properties. Guidelines shift by occupancy type.
Most non-QM lenders set a floor around 620. Higher scores improve your rate significantly. Rates vary by borrower profile and market conditions.
Timeline is similar — 30 to 45 days typically. Asset documentation review adds steps, so gather statements early.
Illiquid assets like real estate equity, business ownership stakes, or restricted stock usually don't count. Lenders want assets you can access.