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Buena Park sits in northwest Orange County — a market where home prices run high. Traditional income docs often don't capture a buyer's full financial picture.
Asset depletion loans solve that. Lenders calculate income by dividing your liquid assets over a set loan term — no W-2 or pay stub required.
620+
Min Credit Score
20%+ typical
Down Payment
Not required
Income Docs
60-90 days
Asset Statements
Non-QM
Loan Type
Lenders take your eligible liquid assets — think brokerage accounts, savings, and retirement funds — and divide by the loan term in months. That monthly figure becomes your qualifying income.
Most lenders want at least 620 credit and a down payment of 20% or more. The stronger your asset base, the better your rate.
Asset depletion is a non-QM product. That means banks and credit unions rarely offer it. You need a broker with access to wholesale non-QM lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in asset depletion. We know which ones price it right for Buena Park borrowers.
The most common mistake we see: borrowers think all assets count equally. Lenders treat retirement accounts, brokerage accounts, and cash differently. Know the rules before you count on a number.
Also — lenders want 60 to 90 days of asset statements. Get those organized early. Gaps or large unexplained deposits slow everything down.
If you have income but it's irregular or hard to document, a Bank Statement Loan may fit better. Those work off 12 or 24 months of deposits — not asset balances.
DSCR loans are built for rentals. 1099 loans are for contractors. Asset depletion is specifically for buyers whose wealth sits in accounts, not paychecks.
Buena Park borders Anaheim and La Palma — areas with a strong mix of long-term residents and investors. Many asset-rich buyers here are retired or semi-retired and don't need to work.
Orange County's prices mean larger loan balances. That makes it critical to maximize how lenders count your assets. The difference between lenders can be six figures of qualifying income.
Cash, savings, brokerage accounts, and retirement funds typically qualify. Retirement accounts often count at 70% of their value.
No. The asset calculation replaces traditional income verification. Your assets generate the qualifying income number.
Lenders divide eligible assets by the loan term in months. A $1.2M asset base on a 360-month loan = $3,333/month in qualifying income.
Some lenders allow trust assets if you have full access. Business accounts are harder — most lenders require personal accounts only.
Yes, some lenders allow it on investment properties. DSCR loans may still be a better fit depending on the rental income situation.
Most lenders require 620 or higher. Stronger scores above 700 typically get better rates and program options.
Asset Depletion Loans in Buena Park