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La Habra sits at the northern edge of Orange County — a market where home prices demand serious purchasing power.
Asset depletion lets you qualify without a paycheck. Your portfolio does the talking instead.
700+
Min Credit Score
20% typical
Down Payment
360 months
Loan Term Divisor
None
Income Docs Required
Non-QM
Loan Category
Asset Depletion Loans in La Habra
Lenders take your eligible liquid assets and divide them over a loan term — typically 360 months. That calculated figure becomes your qualifying monthly income.
Most lenders want a 700+ credit score for asset depletion. Down payment requirements usually start at 20%. Reserves must stay liquid — stocks, bonds, savings, and money market accounts typically qualify.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in La Habra.
La Habra sits at the northern edge of Orange County — a market where home prices demand serious purchasing power.
Asset depletion lets you qualify without a paycheck. Your portfolio does the talking instead.
Lenders take your eligible liquid assets and divide them over a loan term — typically 360 months. That calculated figure becomes your qualifying monthly income.
Asset depletion is a non-QM product. Most retail banks won't touch it. You need a broker with access to wholesale non-QM lenders who actually fund these deals.
Lender guidelines vary sharply. One lender discounts retirement accounts by 30%. Another uses 100% of taxable accounts. Shopping matters here more than almost any other loan type.
The biggest mistake I see: borrowers drain accounts to cover a down payment, then don't have enough assets left to qualify. Plan your liquidity before you make an offer.
Retirement accounts under 59½ often get discounted heavily — sometimes 40-50% — to account for early withdrawal penalties. Know what your usable asset number actually is before you shop.
Bank statement loans work well if you have steady self-employment deposits. Asset depletion works when your income is minimal but your balance sheet is strong.
DSCR loans fit investors buying rentals. Asset depletion fits buyers who are retired, between jobs, or living off investments. Different profiles, different tools.
La Habra draws a mix of long-term homeowners and buyers relocating from pricier OC zip codes. Retirees cashing out equity elsewhere and buying here fit this loan well.
Orange County's competitive market moves fast. Asset depletion buyers can close without income verification delays — that can matter when sellers are weighing multiple offers.
Checking, savings, money market, stocks, and bonds typically qualify. Most lenders discount retirement accounts, especially if you're under 59½.
Lenders divide your eligible assets by the loan term — usually 360 months. That monthly figure is your qualifying income.
Most non-QM lenders require 700 or higher for asset depletion. A stronger score also gets you better rate options. Rates vary by borrower profile and market conditions.
Yes, but lenders apply discounts — often 40-70% of the balance depending on your age and account type. Know your discounted number before applying.
Some lenders allow it on investment properties, but guidelines tighten. DSCR loans are often a cleaner fit for rental purchases.
Without income docs, closings can move faster than traditional loans. Expect 21-30 days depending on the lender and title timeline.