Loading
Asset Depletion Loans in Highland
Highland in San Bernardino County offers diverse real estate opportunities for buyers who don't fit traditional lending boxes. Asset depletion loans help retirees, investors, and entrepreneurs tap into home financing using their savings.
This non-QM mortgage option serves Highland's unique population of self-employed professionals and asset-rich individuals. Your liquid assets become your income proof, opening doors that conventional mortgages keep closed.
Lenders calculate your qualifying income by dividing your liquid assets by a set number of months, typically 60 to 360. The resulting monthly figure determines your borrowing power without requiring employment verification.
You'll need substantial assets in checking, savings, investment accounts, or retirement funds. Most programs require larger down payments than conventional loans, often 20% to 30% minimum.
Credit score requirements vary by lender but generally start around 620. Rates vary by borrower profile and market conditions, with asset strength and down payment affecting your terms.
Asset depletion loans come from non-QM lenders who specialize in flexible underwriting. These lenders evaluate your complete financial picture rather than just paystubs and W-2s.
Working with an experienced mortgage broker gives you access to multiple non-QM lenders simultaneously. Each lender has different asset calculation methods, rate structures, and minimum requirements.
Many Highland borrowers don't realize their substantial savings can qualify them for a mortgage. Retirees with pension income and investments often benefit most from asset depletion programs.
The key is presenting your assets strategically to maximize qualifying income. Different account types may be weighted differently, and timing withdrawals properly protects your financial stability.
We help Highland clients structure their applications to showcase asset strength while minimizing interest costs. This specialized knowledge makes the difference between approval and denial.
Asset depletion loans work well alongside other non-QM options available in Highland. Bank Statement Loans suit self-employed borrowers with business income, while DSCR Loans focus on investment property cash flow.
Foreign National Loans help international buyers, and 1099 Loans serve independent contractors. Each program addresses different financial situations, and some borrowers qualify for multiple options.
The right choice depends on your asset levels, income type, and property goals. Comparing programs ensures you get the best terms for your specific Highland purchase.
Highland's location in San Bernardino County provides more affordable entry points than coastal California markets. This makes asset depletion loans particularly effective for stretching your buying power.
The area attracts retirees and entrepreneurs who've built substantial wealth but lack traditional employment. Local property types range from single-family homes to investment properties, all accessible through asset-based financing.
San Bernardino County's diverse real estate landscape means asset depletion loans work for primary residences, second homes, and rental properties. Your assets open multiple investment pathways in Highland.
Checking accounts, savings, stocks, bonds, mutual funds, and retirement accounts like 401(k)s and IRAs typically qualify. Lenders calculate your monthly income by dividing total liquid assets by a specified term.
Yes, many asset depletion programs work for investment properties, second homes, and primary residences. Requirements may vary by property type and occupancy status.
You typically don't liquidate assets for qualification. Lenders calculate theoretical monthly income from your existing assets. You'll need down payment funds and reserves as required.
Rates vary by borrower profile and market conditions. Non-QM loans typically carry higher rates than conventional financing but provide access when traditional loans aren't available.
Most programs require 20-30% down, though some lenders offer options starting at 15%. Larger down payments typically improve your rate and terms significantly.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.