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Asset Depletion Loans in Fontana
Can I qualify for an Asset Depletion Loan with no W-2 income?
Yes. Asset Depletion Loans use retirement savings and investment accounts instead of employment income. Lenders calculate how long your assets last and approve based on that depletion schedule.
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Fontana's real estate market reflects San Bernardino County's median household income of $82,184. Homes here range from $400,000 to $700,000, attracting retirees and families seeking affordability in Southern California.
Ontario International Airport's ONT BOLD expansion project signals regional growth. Infrastructure investment like this supports long-term property values for buyers planning to stay.
620+
Minimum FICO
Loan amount + 2 years reserves
Liquid Assets Required
17-21 days
Typical Close
$690,000
FHA Limit (2026)
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Asset Depletion Loans let retirees qualify using retirement savings instead of monthly income. You'll need a 620+ FICO score and documented liquid assets covering the loan amount plus two years of property taxes, insurance, and HOA fees.
The 2026 FHA limit for Fontana is $690,000. Most buyers here with $82,184 county median income qualify for conventional or FHA loans. Asset Depletion works best for those with limited W-2 income but substantial retirement funds.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Fontana.
Fontana's real estate market reflects San Bernardino County's median household income of $82,184. Homes here range from $400,000 to $700,000, attracting retirees and families seeking affordability in Southern California.
Ontario International Airport's ONT BOLD expansion project signals regional growth. Infrastructure investment like this supports long-term property values for buyers planning to stay.
Asset Depletion Loans let retirees qualify using retirement savings instead of monthly income. You'll need a 620+ FICO score and documented liquid assets covering the loan amount plus two years of property taxes, insurance, and HOA fees.
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 or FHA products. Most brokers and banks require full documentation of retirement accounts, investment statements, and proof of liquid reserves.
Underwriting takes 17-21 days because lenders must verify asset history and calculate depletion schedules. Retail banks and portfolio lenders dominate this space; correspondent lenders are less common.
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Asset Depletion Loans shine for Fontana buyers age 55+ with retirement savings but no W-2 income. If you have $500,000 in a brokerage account and minimal Social Security, this program opens the door without forcing an investment sale.
Below age 55 or with strong W-2 income, conventional or FHA loans typically offer better rates. Asset Depletion carries a premium because lenders assume higher risk on retirees with declining asset bases.
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Versus FHA, Asset Depletion avoids mortgage insurance premiums by using assets instead of income. FHA requires a 3.5% down payment and lifetime mortgage insurance if down payment is under 10%; Asset Depletion skips insurance but demands larger reserves.
Versus conventional, Asset Depletion doesn't require W-2 income or employment history. Conventional loans typically demand two years of tax returns and active employment, making them impossible for many retirees without side income.
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Six new coffeehouses have opened across the Inland Empire, including options near Fontana. These additions improve local lifestyle and signal economic activity that supports neighborhood stability for homebuyers.
Inland Empire breweries like Hangar 24 and Claremont Craft Ales earned regional recognition. Local dining and entertainment options matter to retirees choosing where to settle long-term.
FAQ
Yes. Asset Depletion Loans use retirement savings and investment accounts instead of employment income. Lenders calculate how long your assets last and approve based on that depletion schedule.
A 620 FICO is the minimum. Most lenders prefer 640+. Higher scores may qualify for better terms and lower rates.
No. Asset Depletion Loans let you keep investments intact. The lender verifies your accounts exist; you don't liquidate them to close.
You'll need enough to cover the loan amount plus two years of property taxes, insurance, and HOA fees. A $500,000 loan typically requires $600,000+ in documented liquid assets.
Plan for 17-21 days. Lenders must verify asset history and calculate depletion schedules, which takes longer than standard income-based 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 San Bernardino County
Our team of licensed mortgage brokers works San Bernardino 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 San Bernardino 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.