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Poway attracts a lot of retirees and self-made buyers with serious wealth — and zero W-2 income. Asset depletion loans were built for exactly this borrower.
HousingWire flagged Pennymac TPO rolling out a new non-QM suite that includes asset qualifier options. More wholesale lenders in this space means more competition and more program flexibility for Poway borrowers.
680+
Min Credit Score
20% typical
Down Payment
60–84 months
Asset Depletion Term
None
Income Docs Required
70% of value
Retirement Asset Credit
Lenders divide your liquid assets by a set number of months — typically 60 to 84. That calculated monthly figure becomes your qualifying income.
Most lenders want a 680+ credit score and 20% down. Eligible assets include checking, savings, money market accounts, and investment portfolios. Retirement accounts often count at 70% of value.
Most big retail banks won't touch asset depletion loans. This is a wholesale and non-QM lender product — you need a broker with the right relationships.
SRK CAPITAL works with 200+ wholesale lenders. We compare asset depletion programs across multiple non-QM investors to find the best rate and structure for your asset profile.
The biggest mistake I see: borrowers assuming all liquid assets count equally. Each lender weights assets differently. One lender may exclude restricted stock entirely.
If you have a mix of taxable and retirement accounts, the loan structure matters. We build the asset calculation before submitting to make sure nothing gets left on the table.
Bank statement loans work better if you have active business cash flow. Asset depletion is cleaner when income is low but savings are deep.
1099 loans fit contract workers with strong earnings history. Asset depletion fits buyers where documented income simply doesn't reflect real wealth.
Poway sits in San Diego County's inland corridor — a market that draws equity-rich move-down buyers and retirees from coastal zip codes. These borrowers are prime candidates for asset depletion.
San Diego County prices are high enough that jumbo loan amounts are common. Asset depletion programs from non-QM lenders typically accommodate larger loan balances that Poway buyers often need.
Checking, savings, money market, and investment accounts typically qualify. Retirement accounts usually count at 70% of their value.
No employment income is required. Your asset total is divided over a set period to create a calculated monthly income figure.
Most non-QM lenders require 680 or higher. A stronger score improves your rate. Rates vary by borrower profile and market conditions.
Loan limits depend on your asset total and lender guidelines. Jumbo amounts are available through non-QM wholesale lenders.
Lenders divide eligible assets by 60 to 84 months. That monthly figure is used as your income on the loan application.
Yes. San Diego County properties are eligible. Poway's price range often aligns well with asset depletion loan structures.
Asset Depletion Loans in Poway