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Camarillo attracts retirees, executives, and high-net-worth buyers. Many have significant assets but limited W-2 income.
Asset depletion loans let lenders count your liquid assets as income. No job, no pay stub — just provable wealth.
620+
Min Credit Score
20% typical
Down Payment
None
Income Required
60–360 month spread
Asset Calculation
Non-QM
Loan Type
Asset Depletion Loans in Camarillo
Lenders divide your eligible assets by a set number of months — usually 60 to 360. That figure becomes your monthly income.
Most lenders want at least 620 credit and 20% down. Reserves need to be liquid: think brokerage, savings, or money market accounts.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Camarillo.
Camarillo attracts retirees, executives, and high-net-worth buyers. Many have significant assets but limited W-2 income.
Asset depletion loans let lenders count your liquid assets as income. No job, no pay stub — just provable wealth.
Lenders divide your eligible assets by a set number of months — usually 60 to 360. That figure becomes your monthly income.
This is a non-QM loan. Big retail banks rarely offer it. You need access to wholesale non-QM lenders to find real options.
SRK CAPITAL works with 200+ wholesale lenders. That matters here — non-QM pricing and guidelines vary widely by lender.
The biggest mistake I see: borrowers assuming all assets count. Retirement accounts often get a 30-40% haircut before lenders count them.
A $2M brokerage account and a $1.5M IRA are not the same to a lender. Know which assets carry full weight before you apply.
Bank statement loans work if you run a business with steady deposits. Asset depletion works when income is minimal or sporadic.
DSCR loans make sense for rental properties. Asset depletion is the right call for a primary or second home with no rental income.
Camarillo has a large retirement-age population. Asset depletion fits that demographic better than almost any other loan program.
Ventura County home prices require serious borrowing power. Buyers with large portfolios but fixed income need this structure to compete.
Savings, brokerage, and money market accounts typically qualify at full value. Retirement accounts often get discounted by 30-40%.
Yes. Asset depletion works for primary residences and second homes. It's one of the few non-QM programs that covers both.
No traditional income is required. Your assets are converted to a calculated monthly income figure that lenders use to qualify you.
It depends on the loan amount and which lender formula applies. More assets mean higher calculated income and a stronger approval.
Yes, non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Conventional loans require verified income — W-2s, tax returns, or pay stubs. Asset depletion skips all of that and uses your portfolio instead.