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Lake Forest attracts retirees and high-net-worth buyers who are cash-rich but income-light on paper. Asset depletion loans were built for exactly this situation.
CNBC flagged 30-year conforming rates hitting 6.30% as of March 2026. For asset depletion borrowers, rate sensitivity matters less than qualifying at all — and this program gets you there.
680+
Min Credit Score
Non-QM
Loan Type
None (asset-based)
Income Required
21–35 Days
Est. Close Time
Fixed & ARM options
Rate Type
Lenders divide your liquid assets by a set number of months — often 360 — to create a monthly income figure. That number replaces your pay stub.
Eligible assets typically include checking, savings, brokerage accounts, and retirement funds. Illiquid assets like real estate equity usually don't count.
Most banks won't touch asset depletion. It's a non-QM product, meaning it lives outside conventional guidelines. Wholesale lenders are where these deals get done.
We work with 200+ wholesale lenders. A handful specialize in non-QM asset depletion. Finding the right one means better terms and fewer surprise conditions at underwriting.
The biggest mistake I see: borrowers counting assets that won't move the needle. A lender won't count your vacation home or private equity stake.
Get your liquid accounts documented and consolidated before you apply. Clean statements with no large unexplained deposits close faster and get fewer conditions.
Bank Statement Loans work better if you're still running a business with active cash flow. Asset depletion fits the buyer who's already stepped back from work.
DSCR Loans are the move for investment properties with rental income. Asset depletion covers primary and second home purchases where no income stream exists.
Orange County's price point puts many Lake Forest purchases above conforming loan limits. Asset depletion lenders routinely handle jumbo loan sizes — a natural fit here.
Lake Forest draws buyers from tech, finance, and business ownership backgrounds. Many have concentrated wealth in brokerage accounts. That's exactly what asset depletion lenders want to see.
They divide eligible liquid assets by the loan term in months. A $1.8M portfolio over 360 months produces $5,000/month in qualifying income.
Yes, retirement accounts typically qualify. Lenders usually apply a 30–40% haircut to account for early withdrawal penalties and taxes.
Most asset depletion lenders require at least 680. Stronger scores above 720 get better rates. Rates vary by borrower profile and market conditions.
Yes. Many non-QM lenders offer asset depletion up to $3M or more. Orange County's prices make this a common scenario.
Absolutely. Rental income and asset depletion can be combined. More income sources typically improve your overall qualifying picture.
Expect 21–35 days with a non-QM lender. Clean documentation and no large unexplained deposits keep the process from stalling.
Asset Depletion Loans in Lake Forest