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Escondido sits in San Diego's inland corridor — a market with real buying opportunities for retirees and high-net-worth borrowers.
Asset depletion loans let you qualify using liquid assets instead of a paycheck. No W-2 required.
680+
Min Credit Score
20–30%
Down Payment
21–30 Days
Typical Close Time
None
Income Required
~60–70% of value
Retirement Asset Count
Lenders divide your eligible assets by a set term — typically 60 to 360 months — to calculate a monthly income figure.
That number replaces traditional income on your application. The more liquid assets you hold, the stronger your qualifier.
Most retail banks won't touch asset depletion deals. This is a non-QM product — wholesale lenders dominate this space.
HousingWire flagged that Pennymac TPO just expanded its wholesale non-QM suite with an asset qualifier option. That's a sign the product is maturing.
The biggest mistake I see: borrowers try to include illiquid assets. Real estate equity and business ownership stakes usually don't count.
Cash out your brokerage account before applying if needed. Liquid and accessible matters more than total net worth.
Bank statement loans work well if you have self-employment income to show. Asset depletion works when income is minimal or nonexistent.
DSCR loans are better for rental property investors. Asset depletion is better for primary residence buyers living on portfolio withdrawals.
Escondido draws retirees relocating from coastal San Diego who want more space at lower price points. Asset depletion fits that buyer profile well.
San Diego County's higher price floor means larger loan amounts — and larger asset pools — are often needed to make the math work.
Checking, savings, money market, and investment accounts typically qualify. Retirement accounts usually count at 60–70% of their balance.
Yes, but most lenders apply a discount — often 30–40% — for early withdrawal penalties. Access without penalty strengthens your file.
Most lenders start at 680. Higher scores help you access better rates. Rates vary by borrower profile and market conditions.
Expect 20–30% down on most asset depletion loans. This is a non-QM product — lenders offset risk with larger down payments.
Yes, but DSCR loans are often a better fit for rentals. Asset depletion is most common on primary and second-home purchases.
Non-QM loans typically close in 21–30 days. Thorough asset documentation upfront keeps the timeline from slipping.
Asset Depletion Loans in Escondido