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Poway sits in San Diego County, where the median household income of $102,285 supports homes across a wide price range. Asset Depletion Loans let borrowers qualify using retirement savings when employment income falls short.
San Diego County just added more low-income rental units than in nearly 40 years. For buyers with substantial assets but modest current income, this program opens a real path to ownership.
620+
Minimum FICO
10–20%
Down Payment Range
$250,000+
Typical Asset Minimum
$1,104,000
2026 Conforming Limit
45–60 days
Underwriting Timeline
Asset Depletion Loans in Poway
Asset Depletion Loans typically require a 620+ FICO score. Down payments range from 10% to 20% depending on the lender.
Lenders calculate a depleted income by dividing liquid assets by 240 months and adding it to your W-2 income. The county's median household income of $102,285 buys homes well below the $1,104,000 conforming limit.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Poway.
Poway sits in San Diego County, where the median household income of $102,285 supports homes across a wide price range. Asset Depletion Loans let borrowers qualify using retirement savings when employment income falls short.
San Diego County just added more low-income rental units than in nearly 40 years. For buyers with substantial assets but modest current income, this program opens a real path to ownership.
Asset Depletion Loans typically require a 620+ FICO score. Down payments range from 10% to 20% depending on the lender.
Asset Depletion Loans are offered by a smaller pool of lenders than conventional mortgages. Brokers in California can access portfolio lenders and some agency-backed programs that accept this qualification method.
Underwriting typically takes 45 to 60 days because lenders verify asset history. Documentation is heavier than a standard W-2 income application, but the process is straightforward for borrowers with clean asset records.
Asset Depletion Loans make sense for Poway buyers who are semi-retired or self-employed with lumpy income. If your W-2 income alone doesn't support the payment but you have $250,000+ in liquid assets, this program often works.
The conforming limit of $1,104,000 in 2026 covers most Poway purchases. Above that, jumbo lenders rarely accept asset depletion, so this program's real strength is in the $600,000 to $1,000,000 range.
Asset Depletion Loans versus FHA: both accept lower FICO scores. Asset Depletion uses savings instead of mortgage insurance, while FHA requires lifetime mortgage insurance if you put down less than 10%.
Conventional loans demand higher income documentation and typically require 20% down to skip PMI. Asset Depletion lets you put 10% down and qualify on assets, making it faster for asset-rich borrowers.
San Diego is seeking delays to state law requiring high-rise housing near transit stops. That policy debate signals ongoing housing demand and infrastructure focus that supports long-term property values in Poway.
The team behind Galū Cafe is opening a sister location in City Heights this fall. New dining and retail investment across the county reflects growing economic activity that attracts both residents and renters.
Yes. The program adds a portion of your liquid assets to your income. If you have $300,000 in savings, lenders may count roughly $1,250 monthly toward qualifying income.
Savings accounts, money market funds, stocks, bonds, and retirement accounts all count. Lenders require 2–3 months of bank statements to verify and document the source of funds.
No. Asset Depletion Loans typically allow 10% to 15% down with no mortgage insurance. The program replaces PMI with asset verification instead.
Plan on 45 to 60 days. Asset verification and seasoning checks take longer than standard W-2 income review, but the process is predictable.
Yes. The 2026 conforming limit in San Diego County is $1,104,000. Above that, jumbo lenders rarely accept asset depletion.