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Grand Terrace sits in San Bernardino County — a market where retirees and high-net-worth buyers are active. Asset depletion loans fit that profile well.
HousingWire flagged that Pennymac TPO just expanded its wholesale non-QM suite to include asset qualifier loans. More lender competition means more options for borrowers here.
620–680 typical
Min Credit Score
84–360 months
Asset Calculation Term
None
Income Docs Required
60 days required
Account Statements
Non-QM
Loan Type
You qualify by dividing your liquid assets over a set term — typically 84 to 360 months. That calculated figure becomes your monthly income for underwriting.
Lenders want assets in verifiable accounts: checking, savings, brokerage, or retirement funds. Real estate equity and business assets usually don't count.
Asset depletion is a non-QM product. Most retail banks won't touch it. You need a broker with access to wholesale non-QM lenders.
SRK CAPITAL works with 200+ wholesale lenders. We shop asset depletion programs across multiple investors to find the best terms for your asset profile.
The biggest mistake I see: borrowers think all assets count equally. Lenders apply haircuts — often 30% on retirement accounts before calculating income.
Bring 60 days of statements on every account upfront. Underwriters want a clean paper trail. Missing docs kill timelines on these files.
Bank statement loans work if you run a business with consistent deposits. Asset depletion works when you have wealth but little monthly cash flow.
DSCR loans serve rental property investors. Asset depletion serves buyers financing a primary home or second property from accumulated wealth.
Grand Terrace attracts buyers relocating from higher-cost Inland Empire cities. Many are retirees cashing out equity elsewhere and buying with large reserves.
San Bernardino County has no special restrictions on non-QM loans. State lending laws still apply, but asset depletion programs operate freely here.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business accounts are usually excluded by lenders.
Lenders divide your eligible asset total by a set number of months — often 84 to 360. That result is your qualifying monthly income.
No. That's the point of this program. Your assets replace employment income entirely for qualification purposes.
Yes, non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions — your asset size and credit score matter most.
Some lenders allow asset depletion on investment properties. A DSCR loan may be a stronger fit depending on expected rental income.
It depends on the purchase price and loan amount you need. A broker can run the asset income calculation before you apply.
Asset Depletion Loans in Grand Terrace