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Arroyo Grande attracts retirees, executives, and high-net-worth buyers. Many have serious wealth but no W-2 to show a lender.
Asset depletion loans solve that. Lenders divide your liquid assets by a set number of months to create a qualifying income figure.
620–680 typical
Min Credit Score
Assets ÷ loan term
Asset Calculation
20–30% typical
Down Payment
2–4 weeks
Approval Timeline
Non-QM
Loan Type
Asset Depletion Loans in Arroyo Grande
Lenders typically require 620-680 minimum credit. The stronger your asset base, the more flexibility you get on rate and terms.
Eligible assets usually include checking, savings, money market, and brokerage accounts. Retirement accounts may qualify at a discount — often 60-70% of the balance.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Arroyo Grande.
Arroyo Grande attracts retirees, executives, and high-net-worth buyers. Many have serious wealth but no W-2 to show a lender.
Asset depletion loans solve that. Lenders divide your liquid assets by a set number of months to create a qualifying income figure.
Lenders typically require 620-680 minimum credit. The stronger your asset base, the more flexibility you get on rate and terms.
Big banks almost never offer asset depletion. This is a non-QM product — it lives in the wholesale and private lending world.
At SRK CAPITAL, we work with 200+ wholesale lenders. That matters here because asset depletion guidelines vary widely across lenders.
The math matters here. A borrower with $2M in liquid assets divided over 360 months generates $5,556/month in qualifying income.
That number needs to cover your proposed housing payment and any existing debts. Run the math before you fall in love with a property.
Bank statement loans work well if you have business income flowing monthly. Asset depletion works when income is sparse but assets are deep.
DSCR loans are investor-focused — they use rental income, not your personal assets. Asset depletion is personal, not property-based.
San Luis Obispo County properties move fast. Having your asset documentation ready before you make an offer matters.
Arroyo Grande's coastal proximity and lifestyle draw cash-rich buyers. This loan type fits that profile well.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of their balance.
No traditional income is required. Lenders derive a qualifying income figure from your liquid asset total.
Most asset depletion lenders require 20-30% down. Non-QM products carry higher down payment thresholds than conventional loans.
Expect 2-4 weeks. Non-QM underwriting is manual and takes longer than automated conventional approvals.
Most lenders do not allow gifted funds for asset depletion qualification. The assets must be yours and seasoned in your accounts.
Yes. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.