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Emeryville sits between Oakland and Berkeley — a small city with high property values and a strong tech and biotech presence.
Many buyers here are retired executives or founders with serious assets but no W-2. Asset depletion loans are built for exactly that profile.
620–680
Min Credit Score
Assets ÷ 360 months
Income Calc Method
No
Employment Required
60 days typical
Asset Seasoning
Non-QM
Loan Type
Lenders divide your eligible liquid assets by a set number of months — often 360 — to calculate qualifying income.
Eligible assets typically include checking, savings, money market, and investment accounts. Retirement accounts may count at a discount.
Asset depletion is a non-QM product — meaning most banks won't touch it. You need wholesale lenders who specialize in it.
HousingWire flagged that Pennymac TPO just rolled out an asset qualifier product alongside other non-QM programs. More lender competition means better pricing for borrowers.
The biggest mistake I see? Borrowers liquidating assets before closing to cover the down payment — then watching their qualifying income collapse.
Keep your asset picture clean. What's in the account 60 days before application is what lenders underwrite. Don't move money around.
Bank statement loans work if you have self-employment income to show. Asset depletion works when income is minimal or retired.
DSCR loans fit rental properties. Asset depletion fits primary residence or second home buyers with large portfolios and low earned income.
Emeryville's condo market draws tech retirees and biotech executives — exactly the borrower profile this loan was designed for.
Alameda County property values mean loan amounts often exceed conforming limits. Asset depletion programs frequently allow jumbo loan sizes.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60–70% of their value.
Yes. Condos are eligible, but lenders will check the HOA's financials and owner-occupancy ratios. Warrantable condos get better terms.
Most non-QM lenders want at least 620. Better rates start around 700. Each lender sets its own minimum.
Loan amounts depend on your asset total and the lender's formula. Many non-QM programs go well above conforming limits for qualified borrowers.
Both options exist. Fixed rates give stability. ARMs can offer lower initial rates but carry adjustment risk down the road.
No. Self-employed borrowers, investors, and high-net-worth buyers with low reported income all use asset depletion. Retirement is not a requirement.
Asset Depletion Loans in Emeryville