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Hemet attracts a lot of retirees and cash-rich buyers who don't show much taxable income. Asset depletion loans are built exactly for that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders calculate income from your liquid assets instead of pay stubs.
680+
Min Credit Score
20–30%
Down Payment
60 Days
Asset Seasoning
None
Income Docs Required
Asset Depletion Loans in Hemet
Lenders divide your eligible liquid assets by a set number of months — often 60 to 84. That figure becomes your monthly qualifying income.
Most lenders want a 680+ credit score and 20–30% down. You'll need verified, liquid assets: brokerage accounts, savings, money market funds.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Hemet.
Hemet attracts a lot of retirees and cash-rich buyers who don't show much taxable income. Asset depletion loans are built exactly for that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders calculate income from your liquid assets instead of pay stubs.
Lenders divide your eligible liquid assets by a set number of months — often 60 to 84. That figure becomes your monthly qualifying income.
Big retail banks rarely offer asset depletion programs. This loan lives in the non-QM wholesale space — which is exactly where we operate.
We work with 200+ wholesale lenders, and non-QM guidelines vary a lot between them. One lender may accept IRA assets at 70%. Another caps it at 60%.
The biggest mistake I see: borrowers wait too long to move assets into verifiable accounts. Lenders want a 60-day paper trail on every dollar.
Don't try to use assets that are tied up in real estate or a business. Lenders won't count illiquid holdings — and some will flag it as a red flag.
Bank statement loans are another non-QM option. They work better if you have consistent business deposits but don't want to show tax returns.
Asset depletion wins when your cash flow is low but your balance sheet is strong. If you have $1M+ sitting in accounts, this is usually the cleaner path.
Hemet has a large 55+ population. Many buyers here are equity-rich from selling homes elsewhere but show little income on paper.
Home prices in Hemet are more affordable than coastal Riverside County cities. That can mean smaller loan sizes — which some non-QM lenders price more favorably.
Savings, brokerage, and money market accounts typically qualify. Retirement accounts may count at a reduced percentage, usually 60–70%.
Yes — this program is designed for exactly that situation. No employment income is needed if your liquid assets meet the lender's formula.
They divide total eligible assets by a set number of months — often 60 to 84. That result becomes your qualifying monthly income.
Yes, rates run higher than conventional loans. This is a non-QM product, so pricing reflects the additional lender risk. Rates vary by borrower profile and market conditions.
Most lenders require 20–30% down on asset depletion loans. Some may go lower depending on your credit score and asset strength.