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National City sits at San Diego County's core. Property values here reflect one of California's most competitive coastal markets.
Asset depletion loans fit borrowers who hold wealth but don't draw a paycheck. Retirees and self-employed buyers use them regularly in this market.
620–680 typical
Min Credit Score
Divided over loan term
Asset Calculation
No
Employment Required
30–45 days
Underwriting Timeline
Non-QM — runs higher
Rate Type
Asset Depletion Loans in National City
Lenders divide your liquid assets by a set term — often 60 to 84 months. That monthly figure becomes your qualifying income.
Eligible assets include savings, brokerage accounts, and retirement funds. The account must be in your name and fully documented.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in National City.
National City sits at San Diego County's core. Property values here reflect one of California's most competitive coastal markets.
Asset depletion loans fit borrowers who hold wealth but don't draw a paycheck. Retirees and self-employed buyers use them regularly in this market.
Lenders divide your liquid assets by a set term — often 60 to 84 months. That monthly figure becomes your qualifying income.
Most banks won't touch asset depletion loans. This is a non-QM product — meaning you need wholesale lenders who specialize in it.
We work with 200+ wholesale lenders. Several focus specifically on non-QM programs like this one. That access matters when your file doesn't fit a conventional mold.
The biggest mistake I see: borrowers depleting accounts right before applying. Lenders verify assets over 60 days. Keep balances stable.
Documentation has to be airtight. Two to three months of statements per account, no large unexplained deposits. Lenders scrutinize these files closely.
Bank Statement Loans work if you run a business with consistent deposits. Asset Depletion Loans work when the money already sits in accounts.
DSCR Loans are built for rental property cash flow. If you're buying a primary residence with savings, asset depletion is the cleaner path.
National City has a significant retiree and military-adjacent population. Many buyers here have pensions and savings but limited current income.
San Diego County's price points make loan sizing important. Your asset pool needs to support a meaningful income figure to compete in this market.
Savings, brokerage, and retirement accounts typically qualify. Real estate equity and illiquid assets usually do not count.
Lenders divide eligible assets by the loan term in months. That number becomes your monthly income for underwriting purposes.
No. Self-employed borrowers and anyone with significant savings can apply. Retirement status is not a requirement.
Yes. Non-QM programs carry rate premiums over conventional loans. Rates vary by borrower profile and market conditions.
Yes, but most lenders apply a discount — often 70% of the balance. Early withdrawal penalties may also factor in if you're under 59½.
Non-QM underwriting runs longer than conventional. Plan for 30 to 45 days and have all statements ready upfront.