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Chino Hills sits in San Bernardino County, where home prices push well above conforming loan baselines. Retired buyers and high-net-worth borrowers here often hold significant assets but show little taxable income.
Asset depletion loans solve that problem directly. Lenders divide your liquid assets by a set number of months to create a qualifying income — no W-2 or pay stub required.
620–680 typical
Min Credit Score
20–30% typical
Down Payment
240–360 months
Asset Depletion Term
None (asset-based)
Income Docs Required
Varies by profile
Rate Type
Most lenders require a minimum credit score around 620-680 for asset depletion. Higher scores open better pricing. Rates vary by borrower profile and market conditions.
Eligible assets typically include checking, savings, brokerage accounts, and vested retirement funds. Lenders apply a discount — often 30-40% — to retirement account balances before calculating income.
Most banks won't touch asset depletion. It lives almost entirely in the wholesale and non-QM channel. HousingWire noted Pennymac TPO just expanded into non-QM with an asset qualifier product — that's a sign more capital is moving into this space.
As a broker with access to 200+ wholesale lenders, SRK CAPITAL shops asset depletion programs across multiple non-QM shops. Terms differ significantly between lenders — asset types accepted, discount rates, and reserve requirements all vary.
The calculation method is everything on these loans. One lender divides assets over 360 months. Another uses 240. That difference can make or break your qualification.
Document every dollar before you apply. Lenders want 60-90 days of statements on all accounts. Undocumented transfers or large deposits trigger underwriting questions that slow the deal.
Bank statement loans are often compared to asset depletion. Bank statements work if you're still running cash through a business. Asset depletion works when the money is already sitting in accounts.
DSCR loans are another alternative for investors — but those qualify on rental income, not personal assets. If the property you're buying won't generate rent, DSCR won't help you. Asset depletion will.
Chino Hills attracts a significant number of move-up buyers and retirees who liquidated equity from more expensive markets. They arrive with large asset balances but limited current income — exactly who asset depletion serves.
San Bernardino County's property tax and cost structure is lower than LA or Orange County. That makes monthly payments more manageable for borrowers living off investment portfolios.
Checking, savings, and brokerage accounts typically qualify in full. Retirement accounts qualify at a discount, usually 60-70% of the balance.
Lenders divide your eligible assets by a set number of months — often 240 to 360. That monthly figure becomes your qualifying income.
Some lenders accept trust assets if you control distributions. Business accounts are rarely accepted. Ask your broker upfront.
Most non-QM lenders want 620-680 minimum. Higher scores improve your rate. Rates vary by borrower profile and market conditions.
Yes. Many lenders allow it on investment properties. Expect a higher down payment and stricter reserve requirements than on a primary home.
No. Any borrower with substantial liquid assets can qualify. It's common among early retirees, investors, and self-employed buyers with low reported income.
Asset Depletion Loans in Chino Hills