Loading
San Bernardino attracts retirees and high-net-worth buyers who hold wealth in portfolios, not paychecks. Asset depletion loans are built for exactly that profile.
HousingWire flagged Pennymac TPO's new wholesale non-QM suite, which includes asset qualifier options. More lender competition means more programs to shop for San Bernardino borrowers.
Typically 680+
Min Credit Score
60 days minimum
Asset Seasoning
Divided over 60–84 months
Asset Calculation
Primary, 2nd home, invest.
Loan Types
Non-QM — above conventional
Rate Type
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number is what qualifies you.
Eligible assets typically include checking, savings, brokerage, and retirement accounts. Vested retirement funds usually get a 30% haircut before the calculation.
Most banks won't touch asset depletion loans. This is a wholesale non-QM product. You need a broker with access to the right lenders.
SRK CAPITAL shops across 200+ wholesale lenders. That matters here — asset depletion guidelines vary significantly from lender to lender.
The biggest mistake I see: borrowers assume all assets count equally. A brokerage account and a locked annuity are not the same to an underwriter.
Lender overlays on non-QM products change often. A program that worked six months ago may price differently today. Rates vary by borrower profile and market conditions.
Bank statement loans work well if you have self-employment income to show. Asset depletion is the right move when your income is minimal but your balance sheet is strong.
DSCR loans are for rental properties. Asset depletion works on primary residences, second homes, and investment properties — giving it broader use.
San Bernardino County has a large retiree population and growing number of remote workers who've shifted wealth into liquid accounts. Asset depletion fits both groups.
Property values in San Bernardino remain more accessible than coastal California. That means your assets may stretch further here than in LA or Orange County.
Checking, savings, brokerage, and vested retirement accounts typically qualify. Illiquid assets like real estate equity usually don't count.
No. That's the point of this program. Lenders use your asset balance to calculate income instead.
Most lenders require 680 or higher for asset depletion. Some go lower with stronger assets or larger down payments.
It depends on the loan amount and term. Lenders divide your assets over 60–84 months — your qualifying income must cover the debt-to-income ratio.
Yes. Non-QM rates run higher than conventional rates. Rates vary by borrower profile and market conditions.
Yes. This program works on investment properties. A DSCR loan may also be worth comparing if the property generates rental income.
Asset Depletion Loans in San Bernardino