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Solvang attracts retirees, second-home buyers, and high-net-worth buyers. Many have real wealth — just not a W-2 to show for it.
Asset depletion loans solve that. Your portfolio, savings, or retirement accounts become your qualifying income.
Typically 680+
Min Credit Score
None (assets only)
Income Docs Needed
2-3 months required
Asset Statements
21-35 days
Est. Close Time
Non-QM
Loan Type
Asset Depletion Loans in Solvang
Lenders divide your liquid assets by a set term — often 60 to 360 months. That monthly figure becomes your qualifying income.
Eligible assets include checking, savings, brokerage, and retirement accounts. Vested stock and annuities may also count depending on the lender.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Solvang.
Solvang attracts retirees, second-home buyers, and high-net-worth buyers. Many have real wealth — just not a W-2 to show for it.
Asset depletion loans solve that. Your portfolio, savings, or retirement accounts become your qualifying income.
Lenders divide your liquid assets by a set term — often 60 to 360 months. That monthly figure becomes your qualifying income.
This is a non-QM product. Most banks and credit unions don't offer it. You need a broker with access to wholesale non-QM lenders.
Pricing and asset calculation methods vary significantly across lenders. One lender might count 100% of brokerage assets. Another caps at 70%.
The biggest mistake borrowers make: assuming all assets qualify equally. Illiquid assets — like real estate equity or private equity — rarely count.
Get your asset statements ready before applying. Lenders want 2-3 months of statements showing the funds are yours and accessible.
Bank statement loans work well if you run a business with strong deposits. Asset depletion fits better when income is minimal but wealth is substantial.
DSCR loans work for rental properties. Asset depletion works for your primary or second home. They solve different problems.
Solvang sits in the Santa Ynez Valley, a market popular with wine country buyers and retirees. Many buyers here aren't drawing a paycheck.
Second-home and vacation-property purchases are common in this area. Asset depletion handles those just as well as primary residence buys.
Checking, savings, brokerage, and retirement accounts typically qualify. Illiquid assets like real estate equity usually don't count.
Yes. Asset depletion works for second homes and vacation properties. Expect slightly stricter terms than a primary residence purchase.
Most non-QM lenders start at 680 for asset depletion loans. Higher scores get better rates. Rates vary by borrower profile and market conditions.
They divide your total eligible assets by a set number of months. That monthly figure is treated as your qualifying income.
Unlikely. This is a non-QM product. You need a broker with wholesale lender access to find it at competitive rates.
Expect 21-35 days with complete documentation. Delays usually come from incomplete asset statements or lender-specific overlays.