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Santa Ana sits in one of California's most expensive counties. Buyers here often carry significant assets but don't show traditional W-2 income.
Asset depletion loans convert your liquid assets into qualifying income. Retired executives, investors, and business owners use this constantly in Orange County.
620+
Min Credit Score
None
Income Docs Required
Liquid accounts only
Asset Types
Typically 360 months
Asset Division Period
Non-QM
Loan Category
Lenders divide your eligible assets by a set number of months — often 360 — to calculate monthly income. That figure replaces your W-2 or tax return.
Most lenders want 620+ credit and significant liquid assets. Retirement accounts, brokerage accounts, and savings all count. Illiquid assets like real estate typically do not.
Big retail banks rarely offer asset depletion programs. This is a non-QM product, meaning it lives in the wholesale and private lending world.
We work with 200+ wholesale lenders at SRK CAPITAL. That access matters here — asset depletion guidelines vary sharply between lenders.
The biggest mistake I see: borrowers trying to get this at their local bank and getting turned away. This loan requires a broker with non-QM access.
Asset mix matters too. A $2M brokerage account qualifies differently than $2M in a pension. Know what your lender will and won't count before you apply.
Bank statement loans work better if you're still running a business with active revenue. Asset depletion fits borrowers who have stopped drawing regular income.
DSCR loans are for rental properties — they qualify on rent income, not personal assets. If you're buying a primary home in Santa Ana, asset depletion is the stronger call.
Santa Ana has a large population of long-term homeowners and business owners who've built real wealth. Many don't fit a standard income box on paper.
Orange County property values mean larger loan amounts — which makes qualifying income harder to show. Asset depletion closes that gap for the right borrower.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.
Most divide total eligible assets by 360 months. That monthly figure becomes your qualifying income on the application.
Yes. This program works for primary residences, second homes, and investment properties. Terms vary by property type.
Most lenders want at least 620. Higher scores improve your rate significantly on non-QM products like this one.
Yes. Non-QM loans carry higher rates than conventional products. Rates vary by borrower profile and market conditions.
No. Lenders verify the assets exist but don't require you to sell them. The assets stay in your accounts.
Asset Depletion Loans in Santa Ana