Non-QM
Asset Depletion/Utilization in San Diego, CA
What is a Asset Depletion/Utilization? Asset Depletion/Utilization is a specialized mortgage solution offered by CMRE for real estate financing. This program provides tailored terms, flexible underwriting, and expedited closing timelines to meet the unique needs of property buyers and investors in San Diego, CA.
Custom Mortgage arranges Asset Depletion/Utilization financing in San Diego, CA and across San Diego County, including La Jolla and Gaslamp Quarter. San Diego County's 2026 FHFA conforming loan limit is $1,104,000 for a one-unit home and $2,123,100 for four units, $271,250 above the $832,750 national baseline. Census ACS 2024 data puts the median owner-occupied home value in San Diego County at $854,700, $249,300 below that one-unit limit.
Median household income there is $106,268 and 55% of homes are owner-occupied (Census ACS 2024). Median gross rent in San Diego County is $2,246 a month (Census ACS 2024), and HUD's FY2025 Fair Market Rent for a two-bedroom is $2,549.
Key Facts About Asset Depletion/Utilization
CMRE bank statement loans use 12 or 24 months of deposits instead of tax returns.
Bank statement loans from CMRE serve self-employed borrowers and business owners.
CMRE bank statement programs accept personal or business account statements.
Bank statement loans at CMRE offer loan amounts up to $5 million.
CMRE bank statement rates are competitive with traditional full-documentation programs.
CMRE is a high-volume Non-QM lender for Asset Depletion/Utilization.
CMRE offers 10+ documentation options for Asset Depletion/Utilization.
CMRE Asset Depletion/Utilization closes in 21-35 days.
Program Benefits
Qualify using your assets instead of traditional income.
Ideal for self-employed individuals, retirees, and those with significant assets.
Bypass the complexities of traditional income verification.
Competitive rates for qualified borrowers.
Greater flexibility in meeting loan requirements.
Access higher loan amounts based on your asset portfolio.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •Alternative income documentation accepted.
- •Focus on asset verification and depletion calculations.
- •May require limited income verification depending on asset type.
- •Consult with a CMRE loan officer for specific income requirements.
Asset Verification
- •Acceptable assets include bank accounts, investment portfolios, and retirement funds.
- •Assets must be readily accessible and verifiable.
- •Depletion/utilization rate will be determined based on asset type and market conditions.
- •CMRE will calculate a qualifying income based on asset depletion.
Insurance & Title
- •Standard homeowner's insurance required.
- •Flood insurance may be required depending on property location.
- •Proof of insurance coverage must be provided.
- •CMRE can assist with finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 required.
- •Review of credit history to assess risk.
- •Consideration given to overall credit profile.
- •Higher credit scores may result in better loan terms.
Asset Depletion/Utilization in San Diego: The Complete Guide
What Is Asset Depletion/Utilization?
Asset depletion/utilization is a Non-QM loan program that allows borrowers to qualify for a mortgage by using their assets as a source of income. Instead of relying on traditional income documentation like pay stubs or W-2s, lenders calculate a monthly income based on a percentage of the borrower's available assets. This is especially beneficial for individuals who have significant assets but may not have a steady income stream, such as retirees, entrepreneurs, or self-employed professionals.
Who Qualifies for Asset Depletion/Utilization?
- •Self-employed borrowers with strong cash flow but complex tax returns.
- •Real estate investors qualifying on rental income (DSCR) rather than personal income.
- •Foreign nationals and ITIN holders purchasing US property.
- •Borrowers with recent bankruptcy, foreclosure, or short sale.
- •Retirees and high-net-worth individuals qualifying on assets.
- •Commission-based, 1099, and gig economy workers.
CMRE Documentation Options for Asset Depletion/Utilization
- •Bank Statement: 12-24 months personal or business (residential + commercial).
- •P&L: CPA-prepared profit & loss for FHA and conventional.
- •VOE-Only: employer verification — no pay stubs, no tax returns.
- •DSCR: property rental income — zero personal income documentation.
- •Asset Depletion: liquid assets / 360 months = qualifying income.
- •Cross-collateral: leverage existing property equity.
Apply for Asset Depletion/Utilization with CMRE
- •Step 1: Describe your situation — CMRE identifies the best program.
- •Step 2: Gather program-specific docs (bank statements, P&L, 1099s, etc.).
- •Step 3: Pre-approval within 24-48 hours.
- •Step 4: Appraisal and processing.
- •Step 5: Close in 21-35 days with CMRE's dedicated Non-QM team.
National Rate Index (Freddie Mac PMMS)
30-Year Fixed Rate
7.18%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Est. Monthly Payment in San Diego County
$4,873/mo
Based on $899,250 median · 20% down · P&I only
15-Year Fixed Rate
6.57%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Est. Monthly Payment in San Diego County
$6,294/mo
Based on $899,250 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Market-data snapshots: FHFA 2026 (live); HUD FY2025 (bundled); Census ACS 2024 (bundled).
San Diego County at a glance
- Conforming loan limit (1 unit)
- $1,104,000
- Source: FHFA, 2026
- Conforming loan limit (4 units)
- $2,123,100
- Source: FHFA, 2026
- Above the national baseline by
- $271,250
- Source: FHFA, 2026
- Median owner-occupied home value
- $854,700
- Source: Census ACS 5-year, 2024
- Median household income
- $106,268
- Source: Census ACS 5-year, 2024
- Owner-occupied homes
- 55%
- Source: Census ACS 5-year, 2024
- Median gross rent
- $2,246
- Source: Census ACS 5-year, 2024
- Home value to income ratio
- 8.0
- Source: Census ACS 5-year (computed), 2024
- Fair Market Rent (2 bedroom)
- $2,549
- Source: HUD, FY2025
Market Snapshot: San Diego County
Source: Redfin · 2026-01-31Median Sale Price
$899,250
Median List Price
$899,000
Price / Sq Ft
$567.026
Days on Market
46
Active Listings
4,189
Homes Sold
1,414
Sale-to-List Ratio
98.7%
2026 Conforming Loan Limits: SAN DIEGO
SAN DIEGO, CA is a designated high-cost area with limits above the national baseline of $832,750.
1-Unit (SFR)
$1,104,000
2-Unit (Duplex)
$1,413,350
3-Unit (Triplex)
$1,708,400
4-Unit (Fourplex)
$2,123,100
Source: FHFA 2026 Conforming Loan Limits. Loans above these limits require jumbo financing.
DSCR Coverage — San Diego County, CA
HUD FY2025 Fair Market RentsHUD Fair Market Rents represent the estimated 40th percentile gross rent for standard units in San Diego County. At a 8.7% DSCR benchmark rate with a 1.0× coverage ratio, each bedroom type below supports the following maximum financing.
Studio
HUD Rent
$1,751/mo
Max Financing
$223,997
1 Bedroom
HUD Rent
$2,024/mo
Max Financing
$258,921
2 Bedroom
HUD Rent
$2,549/mo
Max Financing
$326,082
3 Bedroom
HUD Rent
$3,553/mo
Max Financing
$454,519
4 Bedroom
HUD Rent
$4,074/mo
Max Financing
$521,168
Max financing calculated at 1.0× DSCR, 30-year amortization, 8.7% annual rate. Actual DSCR qualification depends on property expenses, vacancy, and lender overlays. Contact CMRE for a property-specific DSCR analysis.
Asset Depletion/Utilization in San Diego, CA
San Diego County is one of the few markets in California showing positive year-over-year price appreciation — up 0.8% to a median sale price of $899,250 — which speaks to the structural demand created by its combination of military employment, biotech and defense industries, and exceptional quality of life. Inventory remains constrained at 4,189 active listings for a county of over 3.2 million residents, and the 46-day median days on market is among the fastest we track across all five states we serve.
The 2025 conforming loan limit for San Diego County is $1,006,250, reflecting its designation as a high-cost area. This is a critical planning figure: buyers purchasing below that threshold can access conventional financing at standard rates, avoiding jumbo pricing. VA loans are the dominant financing vehicle in San Diego — we close more VA transactions here than in any other market outside of Bexar County, Texas — and the VA's no-down-payment benefit carries enormous purchasing power in this price environment.
San Diego's borrower mix is anchored by active-duty military and veterans, who account for a disproportionately high share of purchase transactions relative to the general population. Beyond the military community, we see tech and biotech professionals from Sorrento Valley and Torrey Pines, as well as a robust self-employed segment tied to the county's entrepreneurial base. Move-up buyers from Los Angeles represent a growing cohort seeking the relative affordability premium San Diego offers versus LA.
Use VA entitlement to its full advantage — no loan limit with full entitlement, and no PMI, delivers unmatched purchasing power in San Diego.
Service Areas & Neighborhoods
Our San Diego Presence
Local Knowledge. Global Rates.
8880 Rio San Diego Dr
San Diego, CA 92108
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Get Your Numbers
Quick quote or detailed payment estimate — no credit pull
Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Freddie Mac 30-yr average, week of Apr 19, 2026. Not a quote.
Principal & Interest Only
Common Questions About Asset Depletion/Utilization in San Diego
The latest available national 30-year fixed observation was 7.18% (Freddie Mac PMMS, week of 11/5/2026). Asset Depletion/Utilization rates in San Diego vary by loan amount, LTV, and credit profile — CMRE can issue a pre-approval within 24 hours of a complete application.
Timelines depend on the program, appraisal, and title: conventional purchases typically close in 14–21 days, and hard money loans can fund in as few as 7 business days. The San Diego County market has seen home prices rise 0.8% year-over-year — having a fully underwritten approval before you write an offer is critical in this competitive environment.
Yes. CMRE Asset Depletion/Utilization programs serve self-employed San Diego borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in San Diego County qualify under non-QM guidelines.
Asset Depletion/Utilization through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our San Diego team guides you through the most favorable documentation path.
See all Asset Depletion/Utilization questions and program details
Asset Depletion/Utilization by Location
Get local rates, loan limits, and market data for Asset Depletion/Utilization in your area.
AZ
CA
FL
GA
View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →Reviewed by Eve Sanchez, Chief Compliance Officer · Updated 2026-11-04 · Custom Mortgage Inc., NMLS #1556995
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
