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Dana Point attracts retirees and high-net-worth buyers who have wealth — but not W-2 income. Asset depletion loans were built for exactly that profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Lenders use your liquid assets to calculate qualifying income instead.
Typically 680+
Min Credit Score
Assets ÷ 60–84 months
Income Calculation
Often 20–30%
Down Payment
60 days typical
Asset Seasoning
Non-QM pricing applies
Rate Type
Asset Depletion Loans in Dana Point
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to create a monthly income figure. That number is what qualifies you.
Eligible assets typically include checking, savings, brokerage, and retirement accounts. Illiquid assets like real estate equity usually don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Dana Point.
Dana Point attracts retirees and high-net-worth buyers who have wealth — but not W-2 income. Asset depletion loans were built for exactly that profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Lenders use your liquid assets to calculate qualifying income instead.
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to create a monthly income figure. That number is what qualifies you.
Big retail banks rarely offer asset depletion programs. This product lives almost entirely with non-QM wholesale lenders and portfolio shops.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in high-balance asset depletion loans sized for Orange County price points.
The math on asset depletion is simple. But lenders disagree on which assets qualify and how deeply they haircut retirement accounts. That gap changes your qualifying income significantly.
Some lenders apply a 30% haircut to IRA balances before calculating income. Others use 70% or 100%. Getting this right can be the difference between approval and denial.
Bank statement loans work better if you run a business with active cash flow. Asset depletion fits borrowers who are living off accumulated wealth — not income.
DSCR loans are investment-property focused. Asset depletion works for primary residences, second homes, and investment properties. That flexibility matters in Dana Point.
Dana Point's coastal real estate runs expensive. Asset depletion loans can be written as jumbo loans, which is critical for properties well above conforming limits.
Second home and vacation property purchases are common here. Lenders treat those differently — expect stricter reserves and slightly higher rates than on a primary residence.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not.
Yes. Many Dana Point purchases are second homes. Expect higher reserve requirements and slightly tighter guidelines than a primary purchase.
It depends on the loan amount and the lender's calculation method. Higher loan balances require significantly larger asset pools.
Often no. Many lenders apply a haircut — sometimes 30% — to IRA and 401(k) balances before calculating income. Lenders vary here.
Yes. It's a non-QM product with stricter credit and reserve requirements. Fewer lenders offer it, and underwriting takes more documentation.
That's exactly who this program is built for. No employment income is required — only sufficient liquid assets and a qualifying credit profile.