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Tustin sits in the heart of Orange County — a market where retired executives, business owners, and investors hold serious wealth but often lack W-2 income.
Asset depletion loans let those borrowers qualify using liquid assets instead of a paycheck. It's not a niche product. It's the right tool for the right borrower.
680+
Min Credit Score
20–30%
Down Payment
60–360 months
Asset Spread Window
None (assets only)
Income Required
Lenders divide your eligible assets by a set number of months — often 60 to 360 — to calculate a monthly income figure. That figure replaces your W-2.
Eligible assets typically include checking, savings, brokerage accounts, and retirement funds. Real estate equity and business assets usually don't count.
Credit score requirements vary by lender. Most want 680 or higher. Expect a larger down payment — 20% to 30% is common on non-QM products.
Banks rarely offer asset depletion. This is a wholesale non-QM product. You need a broker with access to lenders who actually specialize in it.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several focus specifically on non-QM programs like this. We match your asset profile to the lender whose formula gives you the strongest qualifying income.
The depletion formula is everything. One lender spreads assets over 84 months. Another uses 240. Same assets, wildly different qualifying income.
Retirement accounts add a wrinkle. Some lenders apply a haircut — often 30% — before calculating. Others don't. Knowing which lender uses which method directly changes your approval.
Don't move money around before applying. Large transfers between accounts raise flags during underwriting. Leave assets exactly where they are until closing.
Bank statement loans are the other common non-QM option. If you have business income flowing through accounts, bank statements often produce higher qualifying income than asset depletion.
DSCR loans work if you're buying a rental — income comes from the property, not you at all. Asset depletion is better for a primary residence or second home with no rental income.
1099 loans suit contractors and freelancers with recent earned income. Asset depletion suits people who've already made their money and want to stop working.
Tustin's mix of legacy homeowners and newer high-income transplants means a lot of borrowers here are asset-rich. Many have sold businesses or inherited wealth.
Orange County prices push many purchases into jumbo territory. Asset depletion and jumbo guidelines can stack — some lenders support both on a single loan. Others won't go above conforming limits on non-QM. Know the difference before you start.
Checking, savings, and brokerage accounts are standard. Most lenders also accept retirement accounts, sometimes with a haircut applied before calculating.
Some lenders allow it. Not all non-QM lenders go above conforming limits, so this depends heavily on which lender we match you with.
Most lenders want 680 or higher. A stronger score often unlocks better rates. Rates vary by borrower profile and market conditions.
Lenders divide total eligible assets by a set number of months — often 60 to 360. The result becomes your monthly qualifying income.
No. Business owners, investors, and anyone with substantial liquid assets can qualify. You just can't rely on traditional employment income to close the loan.
Bank statement loans use cash flow from your accounts as income. Asset depletion uses the balance itself. Different inputs, same goal: qualifying without W-2s.
Asset Depletion Loans in Tustin