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Simi Valley attracts retirees and high-net-worth buyers who hold serious wealth but show little taxable income. Asset depletion loans were built for exactly that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders calculate income by dividing your liquid assets over a set period, typically 60 to 360 months.
620+
Min Credit Score
20–30%
Down Payment
Non-QM
Loan Type
2–3 months required
Asset Statements
Asset Depletion Loans in Simi Valley
Most lenders want at least 620 credit, though 680 or higher gets you better pricing. The stronger your credit, the more lender options you have.
Qualifying assets typically include checking, savings, money market, and brokerage accounts. Retirement accounts may count at a discount — often 60–70% of the balance.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley attracts retirees and high-net-worth buyers who hold serious wealth but show little taxable income. Asset depletion loans were built for exactly that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders calculate income by dividing your liquid assets over a set period, typically 60 to 360 months.
Most lenders want at least 620 credit, though 680 or higher gets you better pricing. The stronger your credit, the more lender options you have.
Big banks won't touch asset depletion loans. You need a portfolio or wholesale lender that actively prices non-QM paper.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in asset depletion. We shop them against each other to find your best rate and terms.
The biggest mistake I see: borrowers assume all assets count equally. They don't. Tied-up equity, annuities, or illiquid holdings often get excluded or heavily discounted.
Get your asset statements organized before applying. Most lenders want 2–3 months of statements showing the full balance and your name on the account.
Bank statement loans work better if you run a business with regular deposits. Asset depletion is the right call when income is sporadic or mostly investment-based.
DSCR loans are for rental properties only. Asset depletion can be used on a primary residence, second home, or investment property — more flexibility there.
Simi Valley has a strong retiree population. Many have sold businesses or properties and are sitting on significant liquid assets with minimal monthly income on paper.
Ventura County property values mean you may need a jumbo asset depletion loan. Not every non-QM lender goes jumbo — that narrows the pool further.
They divide eligible assets by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.
Sometimes. Lenders may allow joint accounts, but many require proof that you have full access. Some will only count your share.
Most lenders start at 620. A 680 or higher score opens better rates and more program options with non-QM lenders.
Often yes, but at a discount — typically 60–70% of the balance. Lenders account for early withdrawal penalties if you're under 59½.
Yes. Asset depletion works on primary residences, second homes, and investment properties. Expect a higher down payment on non-primary use.