Manhattan Beach's high-net-worth buyers qualify two ways without tax returns: a bank statement loan (12–24 months of deposits × ~50% expense factor) or an asset-based / asset-depletion loan (qualify on liquid assets). Both run to super-jumbo via portfolio lenders. Full program details.
Two ways to qualify without tax returns
A bank statement loan reviews 12–24 months of deposits, averages them, and applies an expense factor (~50%) to estimate income — no tax returns. An asset-based loan takes a different route entirely: it converts a portion of your liquid assets into qualifying income, so a buyer with a large portfolio but modest reported income can still qualify. Manhattan Beach buyers use both.
Who it fits in Manhattan Beach
This is high-net-worth territory: startup founders, executives with equity compensation, private-investment and fund principals, business owners, and professional athletes. Their wealth is real but rarely looks like a steady W-2 — it's distributions, equity, carried interest, or business cash flow. Deposit-based or asset-based qualifying reads that reality; a standard bank often can't.
Typical terms (2026)
| Feature | Typical |
|---|---|
| Bank statement docs | 12–24 months deposits — no tax returns |
| Asset-based option | Qualify on liquid assets instead of income |
| Credit score | Stronger for super-jumbo |
| Down payment | Larger on super-jumbo |
| Loan size | Up to super-jumbo — common here |
| Structure | Fixed or interest-only via portfolio lenders |
Terms vary by lender, profile & assets; illustrative for 2026, not an offer.
Bank statement & asset-based FAQs
What's a bank statement loan?
Qualifies on 12–24 months of deposits, not tax returns.
What's asset-based/asset-depletion?
Qualifies on your liquid assets converted to income.
Super-jumbo sizes?
Yes — common here via portfolio lenders; more credit/reserves/down.
How's deposit income figured?
Averaged deposits × ~50% expense factor (varies by business).
Higher rates?
Somewhat, but competitive at high balances; many refinance. Illustrative.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Manhattan Beach from its Marina del Rey office. Nothing here is tax or investment advice.