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Yorba Linda attracts a high concentration of retirees and high-net-worth buyers. Many have significant liquid assets but no W-2 income to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure from your assets — no job required.
680+
Min Credit Score
20–30% typical
Down Payment
60 days
Asset Seasoning
None
Income Required
Non-QM
Loan Type
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 360. That figure becomes your qualifying income.
Credit scores usually need to be 680 or higher. Expect to document every account with two to three months of statements.
Big banks rarely offer asset depletion programs. Most of this volume moves through non-QM wholesale lenders — and guidelines vary widely.
One lender might haircut your IRA by 30%. Another counts it at full value. Shopping across lenders matters here more than on any conventional loan.
The biggest mistake I see: borrowers assume their brokerage account qualifies as-is. Vested stock options and annuities often get excluded or heavily discounted.
Structure matters before you apply. Moving assets into qualifying accounts 60 days before application can meaningfully change your income calculation.
Bank statement loans work better if you still run a business with active deposits. Asset depletion fits borrowers who are past that stage — living off wealth, not revenue.
DSCR loans are the right call for rental properties. Asset depletion is personal use only. Know which product fits your situation before you start the application.
Yorba Linda home prices push many loans into jumbo territory. Asset depletion lenders do go jumbo — but expect stricter reserve requirements above $2 million.
Orange County's property tax base is strong and values have held. That stability works in your favor when lenders assess collateral on a non-QM file.
Checking, savings, money market, and brokerage accounts typically qualify. Most lenders discount retirement accounts by 30–40% to account for early withdrawal taxes.
Yes. Asset depletion works for primary residences and second homes. Investment properties usually require a DSCR loan instead.
No earned income is required. The asset calculation itself serves as your qualifying income for the loan.
It depends on the loan amount and term. A lender dividing assets over 360 months needs a much larger balance than one using 120 months.
Yes. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Non-QM lenders typically close in 21–30 days. Complex asset documentation can slow that. Start organizing statements early.
Asset Depletion Loans in Yorba Linda