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Huntington Beach attracts retirees, investors, and high-net-worth buyers who don't draw a W-2. Asset depletion loans exist for exactly that profile.
This is a non-QM loan. It skips traditional income verification. Lenders calculate income by dividing your liquid assets over a set term instead.
700+
Typical Min Credit Score
20%+
Typical Down Payment
None (asset-based)
Income Docs Required
Cash, stocks, retirement
Asset Types Accepted
60 – 360 months
Depletion Term Range
Asset Depletion Loans in Huntington Beach
Lenders take your eligible liquid assets — cash, stocks, retirement accounts — and divide them over a loan term, often 60 to 360 months. That figure becomes your qualifying income.
Most lenders want to see a 700+ credit score and 20% down for this program. You also need substantial assets left over after closing.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Huntington Beach.
Huntington Beach attracts retirees, investors, and high-net-worth buyers who don't draw a W-2. Asset depletion loans exist for exactly that profile.
This is a non-QM loan. It skips traditional income verification. Lenders calculate income by dividing your liquid assets over a set term instead.
Lenders take your eligible liquid assets — cash, stocks, retirement accounts — and divide them over a loan term, often 60 to 360 months. That figure becomes your qualifying income.
Asset depletion is a non-QM product. Most big banks won't touch it. You need a broker with access to specialty wholesale lenders who run this program daily.
Lender formulas vary widely. One lender might use 100% of liquid assets. Another discounts retirement funds to 60-70%. That difference moves your qualifying income significantly.
The biggest mistake I see: borrowers assume any large account balance qualifies. Lenders are specific about asset types. Illiquid assets like real estate equity don't count.
Get your asset statements clean before applying. Lenders want 2-3 months of statements. Large recent deposits trigger sourcing questions that slow everything down.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion is the right call when income is minimal but your balance sheet is strong.
DSCR loans are built for investment properties. Asset depletion works for a primary or second home where rental income isn't part of the picture.
Huntington Beach carries a high price point. Asset depletion loans here frequently push into jumbo territory. Make sure your lender offers both non-QM and jumbo overlays together.
Orange County's coastal market draws a lot of second-home buyers and cash-flush retirees. Asset depletion is one of the cleanest solutions for that buyer type.
Cash, stocks, bonds, and retirement accounts typically qualify. Real estate equity and business assets usually do not count toward the calculation.
They divide your eligible asset total by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.
Yes. Asset depletion works for primary residences and second homes. It's a strong fit for buyers purchasing a coastal property without active income.
No. You just need substantial liquid assets and limited traditional income. Self-employed borrowers and early retirees both use this program.
Bank statement loans use your cash flow from business deposits. Asset depletion uses your account balances directly — no income deposits needed.
Most lenders want 700 or higher for this program. Some will go lower with stronger assets and a larger down payment. Rates vary by borrower profile and market conditions.