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Asset Depletion Loans in Perris
What assets count toward qualification in Perris?
Checking, savings, brokerage accounts, and retirement funds typically count. Each lender discounts retirement assets — usually 60%-70% of the balance.
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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
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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.
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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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.
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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.
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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.
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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.
FAQ
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.
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.