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Victorville sits in San Bernardino County's High Desert — an affordable pocket of Southern California where retirees and cash-rich buyers are increasingly active.
Asset depletion loans let you qualify using liquid assets instead of a W-2. If you have savings, investments, or retirement accounts, your wealth becomes your income.
680+
Min Credit Score
20% typical
Down Payment
60–84 months
Depletion Period
None (assets only)
Income Required
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number is what they use to approve your loan.
Most lenders want a credit score above 680 for asset depletion. Expect a down payment of at least 20 percent on most programs.
Asset depletion is a non-QM product. Retail banks rarely offer it. Wholesale lenders are where these programs live — and access matters.
HousingWire flagged that Pennymac TPO just added an asset qualifier product to their non-QM wholesale suite. That expands options for borrowers in markets like Victorville right now.
The most common mistake I see: borrowers trying to count illiquid assets. Real estate equity and business ownership stakes don't count. Lenders want assets you can access fast.
Vesting matters too. If a retirement account has a penalty for early withdrawal, some lenders discount its value. A 401k at age 58 hits differently than one at age 62.
Bank statement loans use 12–24 months of deposits to build income. Asset depletion skips income entirely and goes straight to your balance sheet. Neither requires a W-2.
DSCR loans work off rental income from the property itself. Asset depletion works off your personal wealth. They solve different problems for different borrower profiles.
Victorville draws retirees leaving coastal California with significant equity payouts. That cash-out cash is exactly the kind of asset a depletion loan can use.
San Bernardino County pricing stays well below LA and Orange County. That means your assets may stretch further here than in coastal markets.
Checking, savings, brokerage, and retirement accounts typically qualify. Lenders require liquid or near-liquid holdings — not real estate equity or business interests.
Yes, but lenders often apply a haircut to pre-retirement accounts. A 30–40% discount is common on funds with early withdrawal penalties.
It depends on the loan size and term. Lenders divide total assets by the depletion period — more assets means a higher qualifying income figure.
It's one of the strongest non-QM tools for retirees. Social Security plus a large asset base can clear most underwriting requirements.
Expect 21–30 days in most cases. Non-QM underwriting takes longer than conventional — document your assets early to avoid delays.
Yes. Non-QM products carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Asset Depletion Loans in Victorville