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Laguna Woods is one of the most retirement-dense communities in California. Most residents here live on savings, pensions, and investment portfolios — not W-2 paychecks.
Asset depletion loans were built for exactly this profile. Your brokerage account can qualify you even if your tax return shows zero earned income.
620+
Min Credit Score
None
Income Docs Required
Liquid accounts only
Asset Types Counted
60–360 months
Depletion Period
Non-QM
Loan Category
Lenders calculate a monthly income figure by dividing your eligible assets over a set number of months — typically 60 to 360. That number becomes your qualifying income.
Eligible assets usually include checking, savings, brokerage, and retirement accounts. Real estate equity and business assets generally don't count.
Most big retail banks don't offer asset depletion programs. This is a non-QM product, meaning it lives in the wholesale and portfolio lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products built for high-asset, low-income borrowers like Laguna Woods retirees.
The biggest mistake I see: borrowers assume a large brokerage account automatically qualifies them. Asset type, account ownership, and liquidity all affect what lenders will count.
Annuities with surrender penalties, illiquid investments, and assets held in trust can all cause problems. Bring your full picture — we sort out what counts before you apply.
Bank statement loans work if you have self-employment income flowing through accounts. Asset depletion works when the income is gone but the wealth is still there.
For Laguna Woods buyers, asset depletion often beats a 1099 loan or conventional loan simply because the income picture doesn't exist — the assets do.
Laguna Woods Village is a 55+ community. Most transactions here involve buyers downsizing from larger California homes with significant equity to redeploy.
HOA fees in the community are a real factor in debt-to-income calculations. Make sure your asset depletion income figure is sized to absorb those monthly costs.
They divide your eligible liquid assets by a set number of months — often 60 to 360. That figure becomes your qualifying monthly income.
Yes, but lenders typically discount them to 70% of the balance. The discount accounts for early withdrawal taxes and penalties.
Yes. Laguna Woods Village properties are standard collateral. The loan program qualifies you — the community rules don't restrict it.
Most lenders want at least 620. Better pricing and higher loan amounts typically require 680 or above.
No. You still document assets fully — account statements, ownership, and liquidity. Nothing is stated or assumed.
Bank statement loans measure cash flow through your accounts. Asset depletion measures your total wealth, not income movement.
Asset Depletion Loans in Laguna Woods