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Chino Hills sits in San Bernardino County where the median household income is $82,184. That income level stretches to cover homes in the $500,000 to $650,000 range comfortably.
Ontario International Airport's ONT BOLD expansion project signals regional growth ahead. Infrastructure investment like this typically supports long-term home values for buyers committing to the area.
620+
Minimum FICO
10-20%
Down Payment Range
$82,184
County Median Income
30-45 days
Underwriting Timeline
Asset Depletion Loans in Chino Hills
Asset Depletion Loans let you qualify using retirement savings and investment accounts instead of monthly income alone. The lender calculates a monthly income figure from your liquid assets, dividing the total by 360 months.
Most lenders require a 620+ FICO score and 10% to 20% down payment. Your documented assets must be substantial enough to support the loan amount after the down payment.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Chino Hills.
Chino Hills sits in San Bernardino County where the median household income is $82,184. That income level stretches to cover homes in the $500,000 to $650,000 range comfortably.
Ontario International Airport's ONT BOLD expansion project signals regional growth ahead. Infrastructure investment like this typically supports long-term home values for buyers committing to the area.
Asset Depletion Loans let you qualify using retirement savings and investment accounts instead of monthly income alone. The lender calculates a monthly income figure from your liquid assets, dividing the total by 360 months.
Asset Depletion Loans are specialized products offered by a smaller pool of lenders than conventional or FHA loans. Most brokers work with portfolio lenders or correspondent banks that hold loans in-house rather than selling them.
Underwriting focuses heavily on asset documentation and account history. Expect to provide 2-3 months of bank statements, brokerage statements, and proof of asset ownership.
Asset Depletion Loans make sense for retirees and self-employed borrowers with strong savings but irregular income. If your W-2 income doesn't reflect your actual buying power, this program opens doors that conventional lending closes.
They don't work well if your assets are tied up in real estate or retirement accounts you can't access. The lender needs liquid, documented funds to count toward qualification.
Conventional loans require documented income and typically a 20% down payment to avoid PMI. Asset Depletion Loans let you put less down by converting savings into qualifying income instead.
The tradeoff: Asset Depletion rates run slightly higher than conventional because the lender carries more risk. You're trading rate cost for qualification flexibility.
Six new coffeehouses recently opened across the Inland Empire, adding to Chino Hills' local dining scene. That kind of retail growth signals neighborhood investment and appeal to younger professionals moving into the area.
Claremont Craft Ales, Hangar 24, and Old Stump Brewing won recognition in regional craft beer competitions. Local producers like these attract residents and support the community character that drives long-term property values.
Yes. Asset Depletion Loans convert your savings into qualifying income by dividing your liquid assets by 360 months. Retirement accounts and investment portfolios count as long as they're documented and accessible.
Bank accounts, money market funds, stocks, bonds, and mutual funds all count. Real estate equity and retirement accounts (401k, IRA) typically do not count unless you can withdraw them penalty-free.
No. Most Asset Depletion programs allow 10% to 15% down. PMI may apply depending on your LTV and the lender, but it's not a hard requirement like it is on conventional loans.
Expect 30 to 45 days. Asset Depletion underwriting is more document-intensive than conventional because the lender verifies account history and asset ownership thoroughly.
Yes, typically 0.25% to 0.5% higher. Asset Depletion Loans carry more risk for the lender because qualification relies on assets rather than proven income history.