Asset Qualifier Loans in San Diego County

A guide for high-net-worth individuals and retirees in San Diego. Learn how to leverage your liquid assets to qualify for a mortgage without showing traditional income from employment or a business.

Leverage Your Assets Call (562) 262-9162

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The #1 Asset Qualifier mistake: Assuming only retirement accounts qualify. Lenders can often use a variety of liquid assets, including stocks, bonds, mutual funds, and even cryptocurrency from certain sources.

How It Works The Calculation Who Qualifies Local Specialist FAQ

How Asset Qualifier Loans Work

PROGRAM HIGHLIGHT

Loan amounts up to $6,000,000 for exceptionally qualified borrowers (amounts above $4M reviewed case-by-case).

For many San Diego residents, particularly retirees in communities like Rancho Santa Fe or La Jolla, wealth is held in assets, not in a bi-weekly paycheck. An Asset Qualifier (or Asset Depletion) loan is designed for this exact scenario.

Instead of verifying income, lenders assess your total liquid assets and calculate a qualifying monthly income by “depleting” them over a set period (e.g., 60 to 360 months). This allows your wealth to work for you, providing a clear path to financing a primary residence or second home.

The Calculation: Turning Assets into Income

The Asset Depletion Flow

For a retiree in La Jolla with a $2M investment portfolio:

Total Assets: You provide statements showing $2,000,000 in a brokerage account.

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Depletion Term: The lender uses a 60-month depletion term. ($2,000,000 / 60 months = $33,333).

Result: You have a qualifying monthly income of $33,333, which can be used to qualify for a substantial mortgage, all without needing a job or business income.

Note: Depletion terms and the percentage of assets that can be used (e.g., 70% of stocks, 100% of cash) vary by lender and program.

Who Qualifies & What You’ll Need

Key Qualification Factors

Significant Liquid Assets: The primary requirement is having substantial, verifiable assets in accounts like checking, savings, brokerage, or retirement funds.

Credit Score: Generally 680+ is preferred for the best terms.

Down Payment: Typically 20-30% is required, sourced from funds separate from the assets being used for qualification.

Asset Seasoning: Lenders require that the assets have been in your accounts for a certain period (e.g., 60-90 days) to ensure they are not from a recent un-sourceable deposit.

Your San Diego Asset-Based Lending Specialist

Solve Lending & Realty

Kiyoshi Inui • President• Kiyoshi NMLS 1173299 • Company NMLS 2013271 • DFPI CFL 60DBO-153595

Kiyoshi has extensive experience structuring asset-based loans for high-net-worth clients in San Diego. He understands how to present complex asset portfolios to lenders to maximize your borrowing power.

Frequently Asked Questions

Kiyoshi InuiSan Diego County Mortgage Strategist

NMLS 1173299 | Solve Lending & Realty

(562) 262-9162

Jessica RinaldiRealtor

DRE 02015890

(562) 262-9162

Written by Kiyoshi Inui — NMLS 1173299
Mortgage Strategist, Solve Lending & Realty | San Diego County

Can I use my retirement accounts (IRA, 401k)?

Many lenders allow the use of retirement accounts. they may apply a discount to the total value (e.g., 70%) to account for potential taxes and penalties on withdrawal, and may require you to be of retirement age.

Do I have to actually liquidate my assets?

No. The term “asset depletion” is a calculation method only. You do not need to sell your stocks or withdraw from your accounts. You simply need to provide statements to verify their existence and value.

Can this be used for a second home or investment property?

Asset qualifier loans are an excellent solution for purchasing second homes or investment properties, especially for borrowers who are retired or have complex income streams but significant assets.