Loading
Loading
Asset Depletion Loans in Highland
Can I use my IRA or 401(k) balance to qualify for an Asset Depletion Loan?
Yes. The lender divides your account balance by 360 months to calculate qualifying income. You don't withdraw the money.
01
Highland's real estate market reflects San Bernardino County's steady growth. Local breweries and new coffeehouses signal an active community attracting residents and investment.
Asset Depletion Loans let borrowers use retirement account balances to qualify. This program works well for buyers with substantial savings but modest current earnings.
620 FICO
Minimum Credit Score
10% to 20%
Typical Down Payment
45–60 days
Average Closing Time
Not required
Mortgage Insurance
02
Asset Depletion Loans require a solid credit score, typically 620 FICO or higher. The lender calculates monthly income by dividing your retirement account balance by 360 months.
San Bernardino County's median household income of $82,184 means typical buyers earn around $6,848 monthly. Asset Depletion lets you add retirement income on top, stretching your buying power.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Highland.
Highland's real estate market reflects San Bernardino County's steady growth. Local breweries and new coffeehouses signal an active community attracting residents and investment.
Asset Depletion Loans let borrowers use retirement account balances to qualify. This program works well for buyers with substantial savings but modest current earnings.
Asset Depletion Loans require a solid credit score, typically 620 FICO or higher. The lender calculates monthly income by dividing your retirement account balance by 360 months.
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.
03
Asset Depletion Loans are specialized products offered by a smaller set of lenders. Broker networks source these loans from portfolio lenders and credit unions willing to underwrite non-traditional income.
Underwriting takes longer than conventional loans because verification requires account statements and income divisor calculation. Most closings run 45 to 60 days with careful documentation of fund sources.
04
Asset Depletion Loans shine for early retirees in Highland with substantial savings but limited W-2 income. If you're 55+ with $300,000+ in retirement accounts, this program often beats FHA or conventional options.
The trade-off: rates run higher than conventional because the lender carries more risk. Use this program when retirement funds are substantial enough to offset the rate premium.
05
Versus FHA loans, Asset Depletion avoids mortgage insurance entirely. FHA requires 3.5% down with lifetime insurance if under 10% down, whereas Asset Depletion typically asks for 10% to 20% down with no insurance cost.
Versus conventional loans, Asset Depletion counts retirement funds as income. Conventional underwriting ignores retirement accounts unless you're actively withdrawing, making Asset Depletion better for savers with modest paychecks.
06
Ontario International Airport's ONT BOLD expansion project signals long-term infrastructure investment in the region. That development supports property values for buyers planning to stay long-term.
The Inland Empire's craft beer and coffee scene reflects a growing, active community. Three breweries earned regional recognition and six new coffeehouses opened recently.
FAQ
Yes. The lender divides your account balance by 360 months to calculate qualifying income. You don't withdraw the money.
Most lenders require 620 FICO or higher. Some portfolio lenders accept lower scores with compensating factors like a large down payment.
Typically 10% to 20% depending on the lender and your profile. Asset Depletion doesn't require the 3.5% minimum that FHA allows.
Plan for 45 to 60 days. The lender needs multiple months of account statements and careful verification of fund sources.
No. Because you're putting down 10% to 20%, there's no PMI. That's a real advantage over FHA 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.