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Asset Depletion Loans in Temecula
Do I need current income to qualify for an Asset Depletion Loan?
No. Asset Depletion Loans count your savings divided by 360 months as qualifying income. Retirees with modest Social Security or pension income can qualify on assets alone.
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Temecula sits in Riverside County, where the median household income is $89,672. State Route 91 improvements underway through the county signal infrastructure investment that benefits long-term buyers here.
Asset Depletion Loans let you count retirement savings and investment accounts toward qualification. This opens doors for retirees whose income alone wouldn't qualify for a conventional mortgage.
620
Minimum FICO Score
10–20%
Down Payment Range
45–60 days
Typical Closing Timeline
$89,672
Riverside County Median Income
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Asset Depletion Loans require a minimum 620 FICO score and typically 10% to 20% down payment. The lender divides your liquid assets by 360 months and adds that to your gross monthly income.
Temecula buyers with substantial savings but modest retirement income can qualify on the combined figure. The county's median household income of $89,672 sets the baseline for what conventional lenders expect.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Temecula.
Temecula sits in Riverside County, where the median household income is $89,672. State Route 91 improvements underway through the county signal infrastructure investment that benefits long-term buyers here.
Asset Depletion Loans let you count retirement savings and investment accounts toward qualification. This opens doors for retirees whose income alone wouldn't qualify for a conventional mortgage.
Asset Depletion Loans require a minimum 620 FICO score and typically 10% to 20% down payment. The lender divides your liquid assets by 360 months and adds that to your gross monthly income.
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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Asset Depletion Loans are offered by a smaller set of lenders than conventional mortgages. Portfolio lenders and some credit unions specialize in this product because it requires manual underwriting.
Closing timelines typically run 45 to 60 days, longer than conventional due to asset review. Lenders will request bank statements, brokerage statements, and documentation of liquid assets.
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Asset Depletion Loans make sense for Temecula retirees with substantial savings but limited pension income. If you have $300,000 in investments and $2,500 monthly income, the loan counts roughly $833 in monthly asset depletion.
They don't work well if your assets are illiquid or if you need to preserve every dollar. Lenders want to see money you can afford to deplete over the loan term.
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Conventional loans require income documentation and typically a higher FICO floor. Asset Depletion Loans accept 620 FICO and let savings substitute for income—a real advantage for older buyers.
FHA loans also serve lower-income buyers but charge mortgage insurance for the life of the loan. Asset Depletion Loans skip mortgage insurance entirely, which saves money over time.
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Temecula sits in a county where the population exceeds 2.4 million. Buyers relocating here from coastal areas often find the price-to-space ratio attractive for retirement.
Riverside's first marijuana dispensaries opened under city rules limiting one per council ward. That measured growth approach appeals to buyers seeking stability in a growing market.
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Asset Depletion Loans represent a niche but growing segment of the mortgage market. Lenders who offer them typically focus on portfolio lending and serve borrowers with non-traditional income profiles.
Riverside County's population of 2.4 million supports a diverse lending ecosystem. Brokers in Temecula can access multiple lenders for Asset Depletion Loans, though availability varies by asset type and loan amount.
FAQ
No. Asset Depletion Loans count your savings divided by 360 months as qualifying income. Retirees with modest Social Security or pension income can qualify on assets alone.
Bank accounts, brokerage accounts, retirement accounts (401k, IRA), and investment funds count. Real estate equity and business ownership typically do not qualify as liquid assets.
Yes. The conforming limit in 2026 is $832,750, so Asset Depletion Loans work for purchases up to that amount. Jumbo purchases above that limit require different programs.
The minimum FICO score is 620. Conventional loans typically require 640 or higher, so Asset Depletion Loans offer flexibility for buyers with lower credit but strong savings.
Closing typically takes 45 to 60 days. The extra time covers asset verification and manual underwriting, which are more detailed than conventional loans.
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.