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San Juan Bautista attracts retirees and asset-rich buyers who don't draw a regular paycheck. Traditional mortgage underwriting fails these borrowers — even when they have millions sitting in accounts.
Asset depletion loans fix that problem. Lenders divide your liquid assets over a loan term to create a calculated monthly income — no W-2 required.
Typically 680+
Min Credit Score
Assets ÷ 360 months
Asset Calc Method
None (assets only)
Income Docs Required
Typically 20-30%
Down Payment
2-3 months minimum
Asset Seasoning
Asset Depletion Loans in San Juan Bautista
Most lenders divide eligible assets by 360 months. A $1.8M portfolio could generate $5,000/month in calculated income for qualification purposes.
Eligible assets typically include checking, savings, brokerage accounts, and vested retirement funds. Illiquid assets like real estate equity usually don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Juan Bautista.
San Juan Bautista attracts retirees and asset-rich buyers who don't draw a regular paycheck. Traditional mortgage underwriting fails these borrowers — even when they have millions sitting in accounts.
Asset depletion loans fix that problem. Lenders divide your liquid assets over a loan term to create a calculated monthly income — no W-2 required.
Most lenders divide eligible assets by 360 months. A $1.8M portfolio could generate $5,000/month in calculated income for qualification purposes.
Asset depletion is a non-QM product. Most retail banks won't touch it. You need a broker with access to specialty wholesale lenders who underwrite these regularly.
Guidelines vary sharply across lenders. One lender counts 100% of brokerage assets. Another caps retirement accounts at 60%. Shopping matters here more than almost any other loan type.
The biggest mistake I see: buyers wait until retirement to buy, then get blindsided by income requirements. If you're planning to retire in San Juan Bautista, run this scenario before you stop working.
Asset seasoning matters. Lenders want those funds sitting in your account — typically 2-3 months minimum. Moving large sums right before application raises red flags in underwriting.
Bank statement loans work better if you're still running a business with monthly cash flow. Asset depletion fits better when income has stopped or is too irregular to document cleanly.
DSCR loans are the right call for investment property. Asset depletion is built for primary residence or second home purchases where no rental income is involved.
San Juan Bautista sits in San Benito County — a quieter alternative to the Bay Area and Monterey coast. Buyers here often come with equity from prior home sales rather than active employment.
The town's character draws buyers who value stability over appreciation. Asset depletion fits that profile well. You're using what you've built — not what you currently earn.
Yes, but most lenders discount retirement accounts — typically counting 60-70% of the balance. The exact haircut depends on your age and the lender's guidelines.
It depends on the purchase price and loan term. Higher-priced homes require more assets to generate enough calculated monthly income to meet debt-to-income requirements.
Yes. Many buyers use this program for second homes and vacation properties. Lender requirements on second homes may include slightly higher reserves.
Asset depletion requires full documentation of your assets. You're not stating income — you're converting verified assets into a calculated income figure.
Yes. Asset depletion is a non-QM product, so rates run higher than conventional. Rates vary by borrower profile and market conditions.
Home equity, business accounts, and non-liquid assets are typically excluded. Lenders want assets you can access within a short timeframe.