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Moorpark attracts retirees and high-net-worth buyers who hold serious wealth. Many can't show W-2 income — but their assets tell the real story.
Asset depletion loans convert liquid assets into qualifying income. No job required. No pay stubs. Just documented wealth.
680+
Min Credit Score
20-30%
Down Payment
2-3 months statements
Asset Lookback
None
Income Required
Non-QM / Portfolio
Loan Type
Asset Depletion Loans in Moorpark
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Strong credit matters here. Most lenders want a 680+ score. Down payments typically run 20-30%. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Moorpark.
Moorpark attracts retirees and high-net-worth buyers who hold serious wealth. Many can't show W-2 income — but their assets tell the real story.
Asset depletion loans convert liquid assets into qualifying income. No job required. No pay stubs. Just documented wealth.
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Big banks rarely offer asset depletion programs. This is a non-QM product held by specialty lenders and portfolio investors.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in exactly this structure for Ventura County buyers.
The biggest mistake I see: buyers showing retirement accounts but forgetting early-withdrawal penalties reduce the usable balance. Only penalty-free assets count at full value.
Vesting schedules on stock accounts can also trip up approvals. Get your asset documentation organized before submitting — lenders want 2-3 months of statements.
Self-employed in Moorpark? A Bank Statement Loan might fit better if you have consistent deposits. Asset depletion works best when income is truly absent.
DSCR loans serve investors qualifying on rental income. Asset depletion serves buyers qualifying on wealth. Different tools for different situations.
Moorpark sits in Ventura County — far enough from LA to offer quieter living, but close enough that buyers bring serious capital from prior sales.
Many buyers here are downsizing from larger homes. Proceeds from a sale can be counted as qualifying assets. That changes who this loan works for.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts may count at a reduced value depending on the lender.
Yes. Documented sale proceeds count as liquid assets. They must be in your account and seasoned per lender guidelines.
Not with asset depletion. The calculated monthly draw from your assets replaces employment income entirely.
Lenders divide total eligible assets by a set term — often 360 months. That figure becomes your monthly qualifying income.
Some lenders allow it on investment properties. Terms are stricter — expect higher down payments and tighter credit requirements.
Non-QM loans like this typically take 3-4 weeks. Having clean asset statements ready speeds up the process significantly.