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Laguna Beach attracts buyers with significant wealth and no traditional paycheck. Asset depletion loans were built for exactly this profile.
CNBC flagged 30-year conforming rates hitting 6.30% — but asset depletion borrowers often access non-QM pricing that moves differently than conforming benchmarks. Rates vary by borrower profile and market conditions.
700 (typical)
Min Credit Score
60–84 months
Asset Term Divisor
20–30% required
Down Payment
Non-QM / Jumbo
Loan Type
3 months per account
Statements Required
Lenders calculate income by dividing your liquid assets over a set period — typically 60 to 84 months. That math becomes your qualifying income, no job required.
Most lenders want to see a minimum 700 credit score and 20–30% down. The asset pool must be liquid — think brokerage accounts, savings, and money markets, not real estate equity.
Retail banks rarely offer asset depletion programs. This is a wholesale non-QM product — you need a broker with access to specialty lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones price asset depletion competitively for Laguna Beach price points.
The biggest mistake I see: borrowers trying to include illiquid assets. Retirement accounts with early-withdrawal penalties often get haircut or excluded entirely.
Vesting schedules matter too. If you can't touch the money today, most lenders won't count it. Bring your most recent 3-month statements for every account you plan to use.
Bank statement loans work better if you have active self-employment income. Asset depletion fits retirees or investors living off a portfolio.
DSCR loans are the right move if you're buying a rental. Asset depletion is the right move when the property is a primary or second home with no rental income story.
Laguna Beach properties routinely push into jumbo territory. Asset depletion programs at non-QM lenders can handle higher loan amounts than conforming limits allow.
Second homes and vacation properties are common here. Asset depletion guidelines for second homes are tighter — expect lenders to scrutinize reserves more closely.
Checking, savings, brokerage, and money market accounts typically count. Retirement accounts may be included but are often discounted.
Yes, but second home guidelines are stricter. Lenders will require higher reserves and may apply tighter asset verification rules.
They divide your eligible liquid asset total by a set term — usually 60 to 84 months. That number becomes your monthly qualifying income.
No employment is required. That's the point of this program — it replaces income documentation with verified asset documentation.
Most non-QM lenders want at least 700. Some go down to 680 with larger asset pools and lower loan-to-value ratios.
Yes. Non-QM lenders regularly approve asset depletion loans well above conforming limits — critical for Laguna Beach price points.
Asset Depletion Loans in Laguna Beach