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Indio attracts retirees, seasonal residents, and high-net-worth buyers. Many have significant assets but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — no job required.
Typically 680+
Min Credit Score
Assets ÷ 360 months
Asset Calculation
Often 20% or more
Down Payment
Non-QM pricing applies
Rate Type
60–90 days statements
Asset Docs Required
Asset Depletion Loans in Indio
Lenders divide your eligible assets by the loan term — typically 360 months. That monthly figure becomes your qualifying income.
Expect to document assets fully. Bank statements, brokerage accounts, and retirement funds all count. Vested 401(k)s often get discounted by 30%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Indio.
Indio attracts retirees, seasonal residents, and high-net-worth buyers. Many have significant assets but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — no job required.
Lenders divide your eligible assets by the loan term — typically 360 months. That monthly figure becomes your qualifying income.
Asset depletion is a non-QM product. Most retail banks don't offer it. Wholesale lenders built for non-QM programs are where this gets done.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones price this product competitively and which ones add unnecessary overlays.
The biggest mistake I see: borrowers counting illiquid assets. Real estate equity doesn't qualify. Stocks in a locked-up fund don't qualify.
Bring 60–90 days of statements for every account you want counted. Gaps in documentation kill deals faster than a low credit score.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion is cleaner when income is irregular or absent.
DSCR loans are for investment properties only. If you're buying a primary or second home in Indio, asset depletion is likely your path.
Indio has a strong second-home and vacation rental market. Many buyers here are cash-rich but income-light — exactly who this loan serves.
The Coachella Valley draws seasonal residents from higher-cost states. Asset depletion fits buyers who've already sold a home elsewhere and are sitting on proceeds.
Checking, savings, and brokerage accounts typically qualify. Retirement accounts count too, usually with a 30% discount applied.
Yes. Second homes are eligible. Expect slightly higher rates than a primary residence purchase.
Lenders divide your total eligible assets by 360 months. That number becomes your monthly qualifying income.
Most non-QM lenders want 680 or higher for asset depletion. Some go lower, but pricing gets worse fast below that.
Vested 401(k) funds usually count at 70% of value. Lenders discount retirement accounts to account for early withdrawal penalties.
Standard loans require documented employment income. Asset depletion replaces that with a calculated draw from your liquid holdings.