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Asset Depletion Loans in Solana Beach
What assets qualify for asset depletion income?
Savings, brokerage, and money market accounts typically qualify in full. Retirement accounts count at 60–70% of value.
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Solana Beach attracts retirees, executives, and investors with significant wealth but no traditional paycheck. Asset depletion loans were built for exactly this borrower.
This is a non-QM loan — meaning it falls outside conventional guidelines. Lenders calculate income by dividing your liquid assets over a set term, typically 60 to 360 months.
680–720+
Min Credit Score
20%
Min Down Payment
60–90 Days
Asset Seasoning
No
Employment Required
12+ Months
Reserve Requirement
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Lenders look at verifiable liquid assets: brokerage accounts, savings, money market funds, and retirement accounts (with a haircut). Real estate equity doesn't count here.
Expect a minimum credit score around 680, though many lenders want 700 or higher. Down payment requirements typically start at 20% for this loan type.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Solana Beach.
Solana Beach attracts retirees, executives, and investors with significant wealth but no traditional paycheck. Asset depletion loans were built for exactly this borrower.
This is a non-QM loan — meaning it falls outside conventional guidelines. Lenders calculate income by dividing your liquid assets over a set term, typically 60 to 360 months.
Lenders look at verifiable liquid assets: brokerage accounts, savings, money market funds, and retirement accounts (with a haircut). Real estate equity doesn't count here.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Most retail banks won't touch asset depletion loans. This is almost exclusively a wholesale and portfolio lender product — which is exactly where we operate.
Rates vary by lender, asset type, and loan-to-value ratio. Rates vary by borrower profile and market conditions. Shopping across lenders matters more on non-QM than anywhere else.
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The biggest mistake I see: borrowers moving assets right before applying. Lenders want 60–90 days of seasoning on those accounts. Move money early or be prepared to explain every transfer.
Asset calculations differ by lender. One might give you full credit on a brokerage account. Another discounts it 30%. Getting the right lender for your specific asset mix changes your buying power significantly.
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Bank statement loans work better for self-employed borrowers with active business income. Asset depletion fits the borrower who has stopped drawing income but built significant wealth.
DSCR loans cover investment properties using rental income. Asset depletion covers your primary or second home using portfolio wealth. They solve different problems for different borrowers.
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Solana Beach sits in San Diego County, a high-cost area where luxury coastal properties routinely push well above conforming loan limits. Asset depletion is frequently used in jumbo territory here.
As of April 2026, many Solana Beach buyers combining asset depletion with jumbo loan structures need substantial reserves on top of the down payment. Plan for 12 months of reserves minimum.
FAQ
Savings, brokerage, and money market accounts typically qualify in full. Retirement accounts count at 60–70% of value.
Yes. Asset depletion works for primary residences and second homes. Investment properties usually require a DSCR loan instead.
They divide your eligible asset total by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.
No. Any borrower with qualifying liquid assets can use this program. Retirement status is not a requirement.
Expect 17-21 days. Non-QM underwriting moves slower than conventional. Have all account statements ready on day one.
The income calculation is different, not necessarily harder. Strong assets, good credit, and 20% down make approval straightforward.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in San Diego County
Our team of licensed mortgage brokers works San Diego County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including San Diego County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.