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Indian Wells attracts high-net-worth buyers — retirees, executives, and investors with serious assets but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure from your liquid assets instead of requiring a pay stub.
Typically 680+
Min Credit Score
Often 20–30%
Down Payment
Usually 60–90 days
Asset Seasoning
No
Employment Required
Non-QM
Loan Type
Lenders take your eligible liquid assets — cash, stocks, retirement accounts — and divide by a set number of months to derive income.
Most lenders require strong credit, typically 680 or higher. Expect larger down payments than conventional loans, often 20–30%.
Fewer than a handful of big banks offer this product. It lives mostly in the non-QM wholesale market — which is exactly where we operate.
As of April 2026, we have access to 200+ wholesale lenders. Several specialize in asset depletion for high-balance California purchases.
The biggest mistake we see: borrowers liquidate assets before applying, thinking it helps. It usually doesn't. Seasoned assets in accounts matter most.
Different lenders calculate depletion differently. One might divide over 60 months, another over 84. That gap changes your qualifying income significantly.
Bank statement loans work well if you have self-employment income flowing through accounts. Asset depletion works when the income itself has stopped.
DSCR loans fit investment properties using rental income. Asset depletion fits your primary or second home when assets are the story, not rents.
Indian Wells is a second-home and retirement market. Many buyers here have sold businesses or investment portfolios and sit on significant liquid wealth.
Purchase prices in this market are high. Asset depletion loans can handle jumbo loan amounts — that makes them a practical tool here, not a niche one.
Cash, stocks, bonds, and vested retirement accounts typically qualify. Business accounts and illiquid assets usually do not.
Yes. Asset depletion works for primary residences and second homes. Lender terms may differ slightly for each property type.
They divide your eligible asset total by a set number of months — often 60 to 84. That result becomes your qualifying monthly income.
No. Any borrower with significant liquid assets and limited documentable income can qualify. Retirees are common applicants, but not the only ones.
Typically yes — this is a non-QM product. Rates vary by borrower profile and market conditions, but strong credit and assets help narrow the gap.
Asset depletion lenders can go into jumbo territory. Loan limits depend on lender guidelines, your asset total, and credit profile.
Asset Depletion Loans in Indian Wells