Asset-Based / Depletion · Marina del Rey, CA
Asset-Based Loans in Marina del Rey — Qualify on Your Assets, Not a Paycheck
An asset-based loan in Marina del Rey qualifies you on your liquid assets — savings, brokerage, retirement — instead of a paycheck, with no employment verified. Save Financial (NMLS #377740), a local broker at 13763 Fiji Way, Suite EU2, arranges asset-depletion loans from $500K to $10M with 25% down and a 21-day close. Call (310) 759-4757.
The Westside has a deep bench of asset-rich buyers whose income doesn't fit a paystub — retirees living off investments, founders between ventures, families with large brokerage and retirement balances. An asset-based (asset depletion) loan is built for them: no employment is verified at all. The lender divides your eligible liquid assets by 60–120 months to create a qualifying ‘income,’ then runs standard ratios. On high-value Westside homes, having roughly 1.5–2× the loan amount in liquid assets after your down payment and reserves can be enough to qualify with no job and no tax returns.
Looking for an Asset-Based Loan Near You in Marina del Rey?
Our Westside home office lets an asset-rich buyer meet a licensed loan officer in person, review statements, and get a same-day pre-approval — no employment to verify, no distant call center.
Save Financial — Marina del Rey office
13763 Fiji Way, Suite EU2, Marina del Rey, CA 90292
Phone: (310) 759-4757
Hours: Monday–Friday 8:00 AM–5:00 PM, Saturday 10:00 AM–2:00 PM (Sunday closed) PT
The office is just off Fiji Way near the main channel of the marina, with convenient parking and quick access from Lincoln Boulevard and the 90 Marina Freeway. We serve Westside buyers from our Marina del Rey office across the neighborhoods below.
Areas We Serve Near Our Marina del Rey Office
Here is how an asset-based loan tends to fit for buyers across the areas we cover from Marina del Rey:
- Marina del Rey: retired and asset-rich buyers qualifying on liquid assets, not a paycheck.
- Venice: founders between ventures using brokerage balances to qualify.
- Playa del Rey: coastal second-home buyers qualifying on savings and investments.
- Playa Vista: high-balance buyers with no W-2 using asset depletion.
- Santa Monica: high-net-worth buyers financing large loans on assets alone.
- Culver City: between-jobs professionals qualifying on liquid reserves.
- West Los Angeles: retirees 62+ using 100% of retirement funds to qualify.
- Mar Vista: asset-heavy buyers with variable income and strong savings.
- Westchester: buyers converting brokerage and retirement balances to qualifying income.
These are service areas of our Marina del Rey office, not separate offices.
How an Asset-Based (Asset Depletion) Loan Works
An asset-based mortgage — also called asset depletion — qualifies you using your liquid assets (savings, brokerage accounts, retirement funds) instead of employment income. No employment is verified. The lender takes your eligible assets, applies a haircut, and divides by 60–120 months (depending on program) to produce a hypothetical monthly income, then qualifies you against standard DTI ratios.
You generally need roughly 1.5×–2× the loan amount in liquid assets after setting aside your down payment and 12 months of reserves — for example, a $1M loan typically wants $1.5M–$2M remaining after a ~$250K down payment and ~$120K in reserves. Borrowers 62 or older can count 100% of retirement funds, since they're accessible without penalty.
We place asset-based loans from $500K to $10M — a range that covers most Westside price points — with 25% down, a 680+ score, and a 21-day close. It's a primary-residence or second-home program; if you're buying a rental, a DSCR loan qualifies on the rent instead. Asset-based (asset depletion) loans are for a primary residence or second home; investment properties, investment-real-estate equity, restricted stock, and crypto are not eligible. All loans subject to credit approval, asset verification, and property review. Save Financial, NMLS #377740, DRE #01875766, Equal Housing Opportunity.
Common Asset-Based Scenarios in Westside
- A retired Westside couple qualifying entirely on their brokerage and IRA balances.
- A founder between ventures financing a Santa Monica home on liquid assets.
- A 62+ buyer using 100% of retirement funds toward qualification.
- A high-net-worth buyer purchasing a second home with no W-2 income.
- A buyer with a large portfolio getting a same-day pre-approval, no job verified.
Is an Asset-Based Loan Right for You?
- You're buying a Westside primary residence or second home (investors: see DSCR).
- You have substantial liquid assets — roughly 1.5×–2× the loan after down + reserves.
- Your income is variable, low on paper, or you're retired or between jobs.
- Your credit is 680+ and you can put 25% down.
Asset-Based vs. No-Ratio vs. Bank Statement
All three qualify you without traditional employment income — here's how they differ:
| For a Westside buyer | Asset-Based | No-Ratio | Bank Statement |
|---|---|---|---|
| How you qualify | Liquid assets are converted into a monthly income | On credit and reserves — no income is stated | On 12–24 months of bank deposits |
| Job / employment | Never verified | Not stated on the application | Self-employment income used |
| Is a DTI run? | Yes, against the asset-based figure | No ratio at all | Yes, from your deposits |
| Property use | Primary or second home | Primary residence only | Primary home or investment |
| Down payment | 25% | Set by your credit tier | Depends on the program |
| Who it fits | Westside retirees and founders with big balances, or anyone between jobs | Buyers who won't document income at all | Active self-employed with steady deposits |
Asset-based suits large balances and retirement income; no-ratio states nothing at all; bank-statement fits active self-employment. We'll match your profile to the right one.
Why Work With a Local Marina del Rey Mortgage Broker?
Asset-based programs vary widely on the depletion divisor (60 vs. 120 months), eligible accounts, and haircuts — and that spread changes how much you qualify for. As a broker we place your file where your assets stretch furthest. Our office is in Westside, so we know local values, high-value coastal properties, and how to document an asset-based file cleanly.
Bring recent account statements and get a same-day read from a licensed local loan officer. Call the Marina del Rey office directly at (310) 759-4757. Asset-based (asset depletion) loans are for a primary residence or second home; investment properties, investment-real-estate equity, restricted stock, and crypto are not eligible. All loans subject to credit approval, asset verification, and property review. Save Financial, NMLS #377740, DRE #01875766, Equal Housing Opportunity.
How to Get an Asset-Based Loan with Save Financial
- Tell us your target Westside price and roughly what you hold in liquid assets. Start online or call (310) 759-4757.
- We run the asset-depletion math (divisor, haircut, reserves) and confirm you qualify — same day.
- We shop asset-based lenders for the divisor and terms that stretch your assets furthest.
- You make your offer, and we close in about 21 days — no employment verified.
Serving Marina del Rey: Save Financial arranges these loans in Marina del Rey and across Westside Los Angeles from our Marina del Rey office. We are a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), Equal Housing Opportunity, and shop multiple lenders for your best terms. This page is informational and not a commitment to lend; all loans are subject to credit approval, income and property review, and program availability. Call 310-759-4757 or apply online.