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La Mesa sits in San Diego County — one of California's most expensive housing markets. Buyers here often have significant wealth but unconventional income on paper.
Asset depletion loans solve a real problem. Retirees and high-net-worth buyers can qualify using liquid assets instead of a W-2 or tax return.
660+ typical
Min Credit Score
Assets ÷ 60-84 mo.
Income Calculation
20%+ most programs
Down Payment
21-30 days
Est. Close Time
Non-QM
Loan Type
Asset Depletion Loans in La Mesa
Lenders divide your total liquid assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
Eligible assets typically include savings, brokerage accounts, and retirement funds. Illiquid assets like real estate equity don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in La Mesa.
La Mesa sits in San Diego County — one of California's most expensive housing markets. Buyers here often have significant wealth but unconventional income on paper.
Asset depletion loans solve a real problem. Retirees and high-net-worth buyers can qualify using liquid assets instead of a W-2 or tax return.
Lenders divide your total liquid assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
Asset depletion is a non-QM product. Most big banks won't touch it. You need a broker with access to wholesale non-QM lenders.
SRK CAPITAL works with 200+ wholesale lenders. We know which ones price asset depletion loans competitively for San Diego borrowers.
The biggest mistake I see: borrowers liquidate assets before closing to fund their down payment. That shrinks your qualifying income fast.
Keep your asset accounts intact until after underwriting reviews them. Move money only when your loan officer tells you it's safe.
Bank statement loans work better if you have active business income. Asset depletion fits borrowers who are living off their portfolio.
DSCR loans are for rental properties. Asset depletion covers primary residences and second homes in La Mesa neighborhoods.
La Mesa attracts retirees moving from higher-cost coastal areas. Many arrive with strong investment portfolios and no current employment.
San Diego County's price points mean loan amounts can run high. Asset depletion programs here often need to cover jumbo territory.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually don't count.
Yes, most lenders count retirement accounts. Some apply a discount — often 30% — to account for early withdrawal penalties.
Requirements vary by lender. Most non-QM asset depletion programs want at least a 660, with better terms above 720.
Most asset depletion programs require 20% down. Some lenders go lower, but expect higher rates and stricter asset requirements.
Yes. Several non-QM lenders offer asset depletion up to $3M or more. Rates vary by borrower profile and market conditions.
Non-QM loans typically close in 21-30 days. Having 2-3 months of asset statements ready speeds up the process.