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Asset Depletion Loans in Moreno Valley
What assets qualify for an asset depletion loan?
Cash, checking, savings, stocks, and bonds typically qualify. Retirement accounts usually qualify at 60–70% of their value.
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Moreno Valley attracts retirees and high-net-worth buyers who don't draw a traditional paycheck. Asset depletion loans give those borrowers a real path to financing.
This is a non-QM loan — meaning it falls outside standard government guidelines. Lenders calculate income by dividing your liquid assets over a set term, typically 360 months.
680+
Typical Min Credit Score
Liquid only
Assets Counted
360 months
Asset Division Term
None
Income Docs Required
Non-QM
Loan Type
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Lenders typically want to see 12 to 24 months of reserves after closing. The more liquid the assets, the stronger your file.
Credit requirements vary by lender. Most want a 680 or higher. Lower scores are possible, but expect a higher rate. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Moreno Valley.
Moreno Valley attracts retirees and high-net-worth buyers who don't draw a traditional paycheck. Asset depletion loans give those borrowers a real path to financing.
This is a non-QM loan — meaning it falls outside standard government guidelines. Lenders calculate income by dividing your liquid assets over a set term, typically 360 months.
Lenders typically want to see 12 to 24 months of reserves after closing. The more liquid the assets, the stronger your file.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Only a fraction of lenders offer asset depletion programs. Most retail banks don't touch non-QM. You need a broker with wholesale access to find real options.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize specifically in asset depletion underwriting. That range makes a real difference.
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The single biggest mistake on these files: counting illiquid assets. Equity in real estate doesn't qualify. Neither does a business valuation.
Loan size also matters. Asset depletion works best on higher loan amounts — the math produces more qualifying income when assets are substantial.
05
Bank statement loans work better if you run a business with regular deposits. Asset depletion fits borrowers who are retired or simply sitting on wealth.
DSCR loans require rental income to qualify. Asset depletion requires none. If you're buying a primary residence with no cash flow, asset depletion is the cleaner path.
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Moreno Valley sits in Riverside County, where purchase prices run lower than coastal California. That works in your favor — your assets may go further here.
The area draws a mix of first-time buyers and relocating retirees from pricier coastal markets. Asset depletion borrowers in this profile are not rare on these files.
FAQ
Cash, checking, savings, stocks, and bonds typically qualify. Retirement accounts usually qualify at 60–70% of their value.
No. The entire point is to qualify without employment income. Your assets replace income in the underwriter's calculation.
They divide your total qualifying assets by the loan term — usually 360 months. That monthly figure becomes your qualifying income.
Some lenders allow it. But a DSCR loan may be a better fit if the property generates rental income.
Most lenders want 680 or higher. A lower score limits your lender options and raises your rate. Rates vary by borrower profile and market conditions.
You still document everything — but it's your assets, not income, under the microscope. Full bank and investment statements are required.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Riverside County
Our team of licensed mortgage brokers works Riverside County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Riverside County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.