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San Clemente attracts retirees, executives, and investors with serious wealth — and no W-2 to show for it. Asset depletion loans exist precisely for this borrower.
This is a non-QM loan. That means lenders calculate income from your liquid assets, not a pay stub. It opens the door for borrowers traditional underwriting locks out.
680–700 typical
Min Credit Score
20–30% typical
Down Payment
None (assets only)
Income Required
Non-QM / Portfolio
Loan Type
Runs higher
Rate vs Conventional
Asset Depletion Loans in San Clemente
Lenders divide your eligible assets by a loan term — typically 360 months — to create a monthly income figure. That number drives your debt-to-income ratio.
Most lenders want to see eligible assets in checking, savings, money market, or brokerage accounts. Retirement accounts often count at a discount — usually 60-70% of the balance.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Clemente.
San Clemente attracts retirees, executives, and investors with serious wealth — and no W-2 to show for it. Asset depletion loans exist precisely for this borrower.
This is a non-QM loan. That means lenders calculate income from your liquid assets, not a pay stub. It opens the door for borrowers traditional underwriting locks out.
Lenders divide your eligible assets by a loan term — typically 360 months — to create a monthly income figure. That number drives your debt-to-income ratio.
Most big banks don't touch asset depletion. This is a non-QM product, which means portfolio lenders and specialty wholesale lenders own this space.
Pricing and guidelines vary dramatically across lenders. One lender may count 100% of your brokerage assets. Another caps it at 70%. Shopping matters here more than almost any other loan type.
The biggest mistake I see: borrowers assume all assets count equally. Pledged assets, illiquid holdings, and business accounts often get excluded entirely.
Get your asset documentation clean before you apply. Lenders want 2-3 months of statements showing no large unexplained deposits. Messy account history slows everything down.
Bank statement loans work better if you run a business with consistent monthly deposits. Asset depletion fits borrowers who are living off savings or investments.
DSCR loans require rental income from the property itself. Asset depletion doesn't care about the property's cash flow — only your personal balance sheet.
San Clemente home prices push well above conforming loan limits. Most asset depletion buyers here are financing jumbo amounts — lenders underwrite those more conservatively.
The coastal Orange County market draws a high concentration of retirees and cash-flush buyers. That means lenders who do asset depletion business see strong deal flow here and price it competitively.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60-70% of their balance.
No. Asset depletion loans are designed for borrowers with no active employment. Your assets alone support the qualification.
Lenders divide your eligible assets by the loan term in months — usually 360. That monthly figure becomes your qualifying income.
Yes, but expect a discount. Most lenders apply a 30-40% haircut to retirement accounts before counting them toward income.
Higher prices mean larger loan amounts. Lenders apply stricter scrutiny to jumbo-sized asset depletion loans — plan for a larger down payment.
They run higher. Non-QM pricing reflects the added risk lenders take on. Rates vary by borrower profile and market conditions.