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Dublin attracts high-net-worth buyers — tech executives, early retirees, and investors with significant portfolios but limited W-2 income.
Asset depletion loans convert liquid assets into qualifying income. No job required. No pay stubs needed.
620+
Min Credit Score
20% typical
Down Payment
60 days min
Asset Seasoning
No W-2 needed
Income Required
Non-QM
Loan Type
Lenders divide your liquid assets by a set term — typically 60 to 360 months — to calculate monthly income.
Most programs require 620+ credit and 20% down. Assets must be verifiable and accessible.
Most banks won't touch asset depletion. This is a wholesale non-QM product — you need a broker with the right lender relationships.
HousingWire flagged that Pennymac TPO just expanded its non-QM wholesale suite to include asset qualifier loans. More lender options mean more competitive pricing for Dublin borrowers.
The biggest mistake I see: borrowers listing retirement accounts without checking early-withdrawal penalties. Encumbered assets don't count.
Also watch the asset seasoning rule. Most lenders want assets sitting in your account for 60 days minimum before closing.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion fits borrowers with large portfolios but low cash flow.
DSCR loans serve rental property investors. Asset depletion is for primary residences and second homes where rental income isn't the play.
Dublin sits in the Tri-Valley tech corridor. Many buyers here have equity-heavy brokerage accounts from stock compensation — exactly what asset depletion programs are built for.
The area draws a lot of buyers relocating from San Francisco who are cashing out equity and want to buy without returning to full-time work.
Checking, savings, brokerage, and retirement accounts typically qualify. Assets must be liquid and accessible with no penalties.
They divide total eligible assets by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.
Yes, but lenders often discount retirement accounts by 30-40% to account for taxes and penalties. Confirm the exact treatment before you apply.
Most lenders require 620 minimum. Better scores get better rates. Rates vary by borrower profile and market conditions.
Yes. Many lenders allow asset depletion on second homes and primary residences. Investment property eligibility is more limited.
Non-QM loans typically close in 21-30 days. Asset verification adds time — have statements ready before you go under contract.
Asset Depletion Loans in Dublin