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Desert Hot Springs attracts retirees, investors, and self-employed buyers. Many have significant assets but little traditional income to show lenders.
Asset depletion loans convert liquid assets into qualifying income. No W-2s or pay stubs required — your portfolio does the talking.
680+
Min Credit Score
20% minimum
Down Payment
60 days required
Asset Seasoning
Non-QM
Loan Type
~30% haircut
Retirement Discount
Asset Depletion Loans in Desert Hot Springs
Lenders divide your liquid assets by a set number of months — typically 60 to 84. That figure becomes your monthly qualifying income.
Most programs require a 680+ credit score and 20% down. The stronger your asset base, the more flexibility lenders show on other factors.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Desert Hot Springs.
Desert Hot Springs attracts retirees, investors, and self-employed buyers. Many have significant assets but little traditional income to show lenders.
Asset depletion loans convert liquid assets into qualifying income. No W-2s or pay stubs required — your portfolio does the talking.
Lenders divide your liquid assets by a set number of months — typically 60 to 84. That figure becomes your monthly qualifying income.
Big banks rarely offer asset depletion programs. This is non-QM territory — meaning specialty wholesale lenders hold most of the product.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs built exactly for this borrower profile.
The biggest mistake I see: borrowers move money between accounts before applying. Lenders want to see 60 days of seasoned, stable assets.
IRAs and 401(k)s count — but lenders typically apply a 30% haircut to retirement funds to account for tax liability. Plan your asset total accordingly.
Bank statement loans work better if you run a business with real monthly deposits. Asset depletion fits borrowers with wealth parked in accounts, not cash flow.
DSCR loans cover investment properties using rent income. If you're buying a Desert Hot Springs rental, DSCR is the cleaner path than asset depletion.
Desert Hot Springs has a growing short-term rental market. Retirees buying here often carry IRA wealth but lack reportable income — asset depletion was made for this.
Riverside County properties tend to price below coastal markets. That helps keep loan amounts inside ranges where non-QM lenders stay competitive on rates.
Checking, savings, and brokerage accounts qualify fully. Retirement accounts count at roughly 70% of value after the standard tax discount.
Yes, but lenders discount IRA balances by about 30%. Factor that into your qualifying asset total before applying.
Most lenders require 680 or higher. A stronger score can improve your rate — this is non-QM, so pricing is risk-based.
Expect 20% down as the standard floor. Some lenders require more depending on asset type and credit profile.
Yes. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Yes, though DSCR loans often work better for rentals. Asset depletion makes more sense for primary or vacation home purchases.