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Port Hueneme sits on the Ventura County coast — a small city with real estate demand driven by military families, retirees, and longtime property owners.
Asset depletion loans exist for borrowers with significant savings but no W-2 income. Lenders calculate a monthly income figure from your liquid assets instead.
680+
Min Credit Score
60–84 months
Asset Calc Term
None (asset-based)
Income Docs Required
20–30%
Typical Down Payment
Asset Depletion Loans in Port Hueneme
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to arrive at a monthly income figure. That number drives your loan approval.
Eligible assets typically include checking, savings, money market accounts, and vested retirement funds. Illiquid holdings like real estate equity usually 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 Port Hueneme.
Port Hueneme sits on the Ventura County coast — a small city with real estate demand driven by military families, retirees, and longtime property owners.
Asset depletion loans exist for borrowers with significant savings but no W-2 income. Lenders calculate a monthly income figure from your liquid assets instead.
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to arrive at a monthly income figure. That number drives your loan approval.
Most retail banks won't touch asset depletion loans. This is a non-QM product, meaning it lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs exactly like this — and their guidelines vary significantly.
The asset calculation method differs by lender. One lender might use 70% of your IRA balance. Another takes 100% of liquid accounts. That gap changes your qualifying income dramatically.
Borrowers who retired early or sold a business are ideal candidates. If you're sitting on $1.5M in liquid assets, this loan can work even with zero monthly income.
Bank Statement Loans are the other common non-QM option. Those work if you have consistent self-employment deposits — asset depletion works when income itself is the gap.
DSCR loans are built for rental investors. Asset depletion is broader — it covers primary residences, second homes, and investment properties depending on the lender.
Port Hueneme has a high concentration of military-connected residents near Naval Base Ventura County. Retiring officers with pensions and savings often fit the asset depletion profile.
Ventura County's coastal properties attract cash-heavy buyers relocating from LA. An asset depletion loan lets those buyers preserve liquidity instead of paying all cash.
Checking, savings, money market, and vested retirement accounts typically qualify. Real estate equity and illiquid assets usually don't count.
Yes. Asset depletion loans can cover primary homes, second homes, and investment properties. Lender guidelines vary by property type.
Lenders divide eligible assets by a set term — often 60 to 84 months. That result becomes your qualifying monthly income figure.
Most non-QM lenders require at least a 680 credit score. Some programs go lower but carry higher rates. Rates vary by borrower profile and market conditions.
Expect 20–30% down on most asset depletion programs. The exact requirement depends on the lender and property type.
Conventional loans require verifiable income — W-2s or tax returns. Asset depletion loans replace income documentation with proof of liquid assets.