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Buellton sits in Santa Barbara County wine country. Plenty of buyers here are wealthy on paper but light on W-2s.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs needed.
620+
Min Credit Score
Assets ÷ 360 months
Income Calculation
Primary, 2nd, Investment
Property Types
20% minimum
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Buellton
Lenders divide your eligible assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Most lenders want significant liquid assets. Think retirement accounts, brokerage accounts, and savings. Illiquid assets like real estate don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Buellton.
Buellton sits in Santa Barbara County wine country. Plenty of buyers here are wealthy on paper but light on W-2s.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs needed.
Lenders divide your eligible assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Your local bank almost certainly doesn't offer this. Asset depletion is a non-QM product sold through wholesale lenders.
We work with 200+ wholesale lenders. Several specialize in non-QM and compete hard on asset depletion pricing.
The biggest mistake I see: buyers assume all assets qualify equally. Some lenders haircut retirement accounts by 30%. That changes your number fast.
Get your asset statements organized early. Lenders want 2-3 months of statements. Large deposits need a paper trail or they get excluded.
Bank statement loans work better if you run a business with real revenue. Asset depletion works when income is minimal but assets are deep.
DSCR loans are investment-property only. Asset depletion can be used on a primary home, second home, or investment property.
Buellton draws wine country buyers — vintners, winery owners, and early retirees with strong balance sheets but thin tax returns.
Santa Barbara County properties often price high enough that conforming loans fall short. Asset depletion can be paired with jumbo amounts.
Checking, savings, brokerage, and retirement accounts generally qualify. Real estate equity and business assets typically don't count.
Yes. Asset depletion works on primary residences, second homes, and investment properties. Terms vary by lender.
Most divide total eligible assets by 360 months. That monthly figure is your qualifying income. Rates vary by borrower profile and market conditions.
Yes. Most lenders require at least 20% down on non-QM products like this. Some require more depending on loan size.
No. Any borrower with substantial liquid assets and minimal documented income can apply. Age is not a qualifying factor.
Bank statement loans use your cash flow as income. Asset depletion uses your saved balance. No revenue needed at all.