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Redlands buyers are seeing new investment across San Bernardino County. Six new coffeehouses and award-winning craft breweries signal an active community attracting homebuyers seeking lifestyle and stability.
Asset Depletion Loans convert retirement account balances into qualifying income. This program opens doors for older buyers and semi-retired professionals with substantial savings but modest paychecks.
620 FICO
Minimum Credit Score
10%
Down Payment Typical
30–45 days
Closing Timeline
$832,750
2026 Conforming Limit
Asset Depletion Loans in Redlands
Asset Depletion Loans require a 620 FICO minimum and typically 10% down. Lenders divide liquid assets by 360 months to calculate income—$180,000 in savings equals $500 monthly qualifying income.
San Bernardino County's median household income is $82,184 annually. Borrowers combining modest W-2 income with asset-based income can meet debt-to-income limits more easily.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Redlands.
Redlands buyers are seeing new investment across San Bernardino County. Six new coffeehouses and award-winning craft breweries signal an active community attracting homebuyers seeking lifestyle and stability.
Asset Depletion Loans convert retirement account balances into qualifying income. This program opens doors for older buyers and semi-retired professionals with substantial savings but modest paychecks.
Asset Depletion Loans require a 620 FICO minimum and typically 10% down. Lenders divide liquid assets by 360 months to calculate income—$180,000 in savings equals $500 monthly qualifying income.
Asset Depletion Loans come from a smaller lender pool than conventional programs. Portfolio lenders and specialty underwriters in California focus on asset verification rather than employment history.
Underwriting emphasizes account seasoning and asset documentation. Closing timelines typically run 30–45 days once appraisal clears and documents are submitted.
Asset Depletion Loans excel for buyers age 55+ with retirement savings but limited W-2 income. In Redlands, this program reaches borrowers who'd be rejected by traditional income rules.
The trade-off is stricter documentation and higher rates than conventional. If your paycheck is modest but savings are solid, Asset Depletion is the right fit.
Asset Depletion Loans versus conventional financing hinges on income source. Conventional loans require strong W-2 or self-employment income; Asset Depletion counts retirement savings instead.
FHA loans work for lower-income borrowers but charge mortgage insurance for life if down payment is under 10%. Asset Depletion skips mortgage insurance entirely, saving money over time.
Ontario International Airport's ONT BOLD expansion project brings infrastructure investment to the region. For Redlands buyers, that means improved connectivity and potential property appreciation.
The Inland Empire's growing food scene reflects neighborhood maturation. Craft breweries and new coffeehouses signal an active community with dining options that attract homebuyers.
Yes. Lenders divide your retirement account balance by 360 months to calculate income. A $180,000 IRA becomes $500 monthly qualifying income with no early withdrawal penalty.
You need a minimum 620 FICO score. Most lenders prefer 640+ for better rates. Asset Depletion programs are flexible on income but require solid credit history.
Typically 10% down is the minimum. Some lenders accept 5% with compensating factors like higher reserves or excellent credit. The 2026 conforming limit is $832,750.
No. Asset Depletion Loans skip mortgage insurance entirely, even with 10% down. FHA charges insurance for life if you put down less than 10%.
Plan on 30–45 days. Asset Depletion requires extra documentation to verify account seasoning. Once your appraisal clears and documents are submitted, closing proceeds on schedule.