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Highland sits in San Bernardino County, where home prices stay more accessible than coastal California. That makes asset depletion loans especially useful here — your portfolio can go further.
HousingWire flagged that Pennymac TPO just expanded its wholesale non-QM lineup to include asset qualifier products. More lender competition means more options for Highland borrowers with strong assets but no W-2.
680+
Min Credit Score
20% typical
Down Payment
60 days
Asset Seasoning
None
Income Docs Required
60–84 months
Depletion Term
Asset depletion works by dividing your liquid assets by a set number of months — typically 60 to 84. That monthly figure becomes your qualifying income.
Most lenders want a 680+ credit score and 20% down. Eligible assets include checking, savings, money market, and investment accounts. Retirement accounts usually count at 60-70% of their value.
Most retail banks don't offer asset depletion. You need a non-QM lender or a broker with wholesale access to find these programs.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can shop asset qualifier programs across multiple non-QM investors to find the sharpest pricing for your profile.
The most common mistake I see: borrowers trying to qualify on assets that don't count. Crypto, equity in real estate, and illiquid business interests typically get excluded.
Keep assets seasoned — meaning in the account for at least 60 days before your loan application. Lenders flag recent large deposits and will ask you to source every dollar.
Bank statement loans work better if you run a business with consistent monthly revenue. Asset depletion fits borrowers who are retired, have sold a business, or simply live off their portfolio.
DSCR loans make sense if you're buying a rental property — the rent covers the qualification. Asset depletion is the right call when you're buying a primary residence or second home on liquid wealth.
Highland has a notable retiree and semi-retired population. Asset depletion was built for exactly this borrower — strong balance sheet, limited monthly income on paper.
San Bernardino County's relative affordability means your asset pool can support a larger purchase here than it would in Orange County or LA. Your dollars qualify for more home.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts count at 60-70%. Crypto and home equity are usually excluded.
No. That's the point of this program. Lenders qualify you on your liquid assets alone, with no employment or tax return income required.
It depends on the loan amount and term. Divide your target monthly payment by your assets — your lender sets the divisor, typically 60-84 months.
Yes. Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions, so exact pricing depends on your file.
Yes. These programs work for primary residences and second homes. Investment properties typically require a DSCR or other non-QM product instead.
Non-QM loans generally close in 21-30 days. Having your asset statements ready and seasoned upfront keeps the process moving without delays.
Asset Depletion Loans in Highland