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Adelanto sits in the High Desert, where prices run lower than coastal California. That makes it a realistic target for asset-rich borrowers who want to buy without proving a paycheck.
Asset depletion loans count your liquid assets as income. Retirees and investors with large portfolios often qualify here when W-2 borrowers cannot.
Varies by lender
Min Credit Score
60–84 month spread
Asset Conversion
Non-QM
Loan Type
60–90 days statements
Asset History Needed
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to create a monthly income figure. That number drives your debt-to-income ratio.
Eligible assets typically include checking, savings, money market, and investment accounts. Retirement accounts may count at a haircut, usually 60 to 70 percent of the balance.
Most retail banks don't offer asset depletion programs. This is a non-QM product, meaning you need a lender who operates outside conventional guidelines.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products built exactly for asset-based borrowers like these.
The biggest mistake I see is borrowers not knowing which assets qualify. Pledged assets, business accounts, and illiquid holdings usually don't count.
Get your statements organized before you apply. Lenders want 2 to 3 months of account history showing the full balance, not just a screenshot.
Bank statement loans work better if you have active self-employment income. Asset depletion is the right call when income has stopped or is minimal.
DSCR loans serve rental investors — rental income covers the payment. Asset depletion serves buyers who fund their life from a portfolio, not a property.
Adelanto's lower price points mean a smaller loan balance. That can work in your favor — your asset calculation may comfortably cover the payment.
San Bernardino County has a mix of property types. Confirm your target property is eligible under the lender's non-QM guidelines before you make an offer.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of balance.
Some lenders allow it, but may only count your ownership percentage. Ask about co-borrower rules before submitting.
Yes. It's non-QM, so rates are higher and guidelines vary by lender. Having a broker shop multiple lenders helps.
No. Any borrower with significant liquid assets and minimal income can qualify — retired or not.
That depends on the loan amount and term used. A broker can run the math once you have a target purchase price.
Asset Depletion Loans in Adelanto