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Laguna Niguel attracts a lot of retirees and high-net-worth buyers. Many have substantial assets but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders divide your liquid assets over a set term and count that as monthly income.
680+
Typical Min Credit Score
~20%
Min Down Payment
None (assets only)
Income Docs Required
84–120 months
Typical Depletion Term
Non-QM
Loan Type
Lenders typically require verifiable liquid assets — think brokerage accounts, savings, and money markets. Retirement accounts may count at a discount.
Credit requirements vary by lender. Most want at least a 680 score. Down payments commonly start at 20% for this loan type.
This is a non-QM loan. Most big retail banks don't offer it. You need access to wholesale lenders who specialize in non-QM programs.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means real options — not just one underwriting box to fit into.
The biggest mistake I see: borrowers liquidating assets before applying. That reduces what qualifies. Keep accounts intact through closing.
Asset depletion math matters. A $2M portfolio divided over 84 months yields roughly $23,800/month in qualifying income. That number drives your approval.
Bank statement loans work well for self-employed borrowers with strong cash flow. Asset depletion fits borrowers whose income lives in their portfolio.
DSCR loans require rental income from the property itself. Asset depletion has no such requirement — it's purely about what you already own.
Laguna Niguel sits in one of Orange County's higher-priced corridors. Loan amounts here often push into jumbo territory above conforming limits.
Asset depletion lenders can go jumbo. That's a real advantage in this zip code, where conforming limits may not cover the purchase price.
Checking, savings, brokerage, and money market accounts typically qualify. Retirement accounts may count at 60-70% of their value.
No. Asset depletion loans don't require employment. Your assets alone serve as the income source for qualification.
Yes. Many non-QM lenders offer asset depletion up to $3M or more. Laguna Niguel price points make that flexibility essential.
They divide your eligible asset total by a set number of months — often 84 or 120. The result is your monthly qualifying income.
Yes, typically. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
Yes. Social Security, rental income, or 1099 earnings can layer on top. Combined income often improves your qualifying amount significantly.
Asset Depletion Loans in Laguna Niguel