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Perris sits in the Inland Empire, where home prices run lower than coastal California. That affordability makes it a real target for asset-rich buyers who stopped drawing a paycheck.
Asset depletion loans let you qualify using liquid assets — think savings, brokerage accounts, or retirement funds — instead of W-2s or tax returns.
620–680
Min Credit Score
Assets ÷ 360 months
Asset Calculation
12+ months post-close
Reserves Required
Non-QM
Loan Type
Asset Depletion Loans in Perris
Lenders divide your eligible assets by a set number of months — often 360 — to calculate a monthly income figure. That number is what qualifies you.
Most lenders want to see at least 12 months of reserves left after closing. Credit requirements vary, but expect a minimum around 620-680 depending on the lender.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Perris.
Perris sits in the Inland Empire, where home prices run lower than coastal California. That affordability makes it a real target for asset-rich buyers who stopped drawing a paycheck.
Asset depletion loans let you qualify using liquid assets — think savings, brokerage accounts, or retirement funds — instead of W-2s or tax returns.
Lenders divide your eligible assets by a set number of months — often 360 — to calculate a monthly income figure. That number is what qualifies you.
Most retail banks won't touch asset depletion. This is a non-QM product — non-qualified mortgage — meaning it falls outside standard government guidelines.
Wholesale lenders built for non-QM have the best programs here. Rate sheets, asset-counting rules, and reserve requirements vary widely across lenders.
The asset calculation method is everything on these loans. One lender counts IRAs at 60%. Another counts them at 70%. That gap can make or break your qualifying income.
We also see lenders split on whether they'll count assets held in a business account. Know which lender's rules fit your situation before you apply.
Bank statement loans are the close alternative. If you run a business and have consistent deposits, 12-24 months of bank statements may get you a better rate.
DSCR loans work if you're buying an investment property. Asset depletion fits primary and second home buyers who aren't buying for rental income.
Perris sits in Riverside County, which has seen Inland Empire growth driven by logistics and remote workers relocating from higher-cost cities.
Lower price points here mean smaller loan amounts, which can stretch your asset pool further compared to buying in Orange County or coastal LA.
Checking, savings, brokerage accounts, and retirement funds typically count. Each lender discounts retirement assets — usually 60%-70% of the balance.
Yes, most lenders allow IRAs. Expect them to count 60%-70% of the balance, not the full amount.
It is. Non-QM means it falls outside standard Fannie Mae and Freddie Mac guidelines. You need a lender that specializes in non-QM products.
Lenders take your eligible assets and divide by the loan term in months — often 360. That result becomes your qualifying monthly income.
Yes. Non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes. Asset depletion works for primary residences and second homes. It's a strong fit for retirees or those with no current employment.