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Yucaipa attracts retirees, investors, and self-made buyers who don't draw a traditional paycheck. Asset depletion loans exist for exactly this situation.
San Bernardino County offers lower price points than coastal California. That makes Yucaipa a realistic target for asset-rich buyers who want to stretch their portfolio.
620+
Min Credit Score
20-30%
Down Payment
60-90 Days
Asset Seasoning
Non-QM
Loan Category
3-4 Weeks
Typical Close Time
Lenders take your verified liquid assets and divide them over a loan term — typically 360 months. That calculated figure becomes your qualifying income.
You generally need substantial liquid assets: think retirement accounts, brokerage accounts, and savings. Lenders usually discount retirement accounts by 30-40% before calculating.
Most big banks won't touch asset depletion loans. This is a non-QM product — meaning it sits outside conventional guidelines.
Wholesale lenders who specialize in non-QM are where these deals get done. Rate shopping across multiple lenders matters a lot here. Spreads between lenders can be wide.
The most common mistake I see: buyers try to use illiquid assets. Real estate equity and annuities don't count at most lenders. Stick to cash, stocks, and qualifying retirement funds.
Asset seasoning matters. Lenders want to see those funds in your account for 60-90 days minimum. Moving money around right before application is a red flag.
Bank statement loans work better if you have self-employment income flowing monthly. Asset depletion is the right call when your money sits in accounts, not on tax returns.
DSCR loans are built for rental properties. Asset depletion is built for primary residences and second homes where you won't have rental income to lean on.
Yucaipa's pace of life draws buyers relocating from pricier metros. Many arrive cash-heavy from home sales but light on W-2 income — asset depletion fits that profile precisely.
San Bernardino County has no city transfer tax, which keeps closing costs lean. That matters when you're already deploying significant assets toward a down payment.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business accounts face stricter rules.
Lenders divide eligible assets by 360 months. A $1.2M portfolio could generate $3,333/month in qualifying income.
No. Any borrower with sufficient liquid assets can qualify. Employment status is not a requirement.
Yes — non-QM products carry a rate premium. Rates vary by borrower profile and market conditions.
Yes, but most lenders discount it by 30-40%. Only the post-discount value counts toward your qualifying total.
Non-QM underwriting typically runs 3-4 weeks. Have your asset statements ready upfront to avoid delays.
Asset Depletion Loans in Yucaipa