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Hayward sits in Alameda County where the median household income of $126,240 supports homes across a wide price range. New restaurants and community projects signal ongoing investment in the East Bay.
Asset Depletion Loans let borrowers use retirement accounts and savings to qualify without traditional income. This opens doors for semi-retired buyers and those with uneven earnings.
620
Minimum Credit Score
10–25%
Down Payment Range
6–12 months housing payment
Typical Asset Reserves
45–60 days
Closing Timeline
Asset Depletion Loans in Hayward
Asset Depletion Loans calculate income from liquid assets using a 360-month amortization. A borrower with $500,000 in accessible savings can count roughly $1,389 monthly as qualifying income.
Credit scores typically start at 620 for asset-depletion programs. Down payments range from 10% to 25% depending on the lender and asset strength.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Hayward.
Hayward sits in Alameda County where the median household income of $126,240 supports homes across a wide price range. New restaurants and community projects signal ongoing investment in the East Bay.
Asset Depletion Loans let borrowers use retirement accounts and savings to qualify without traditional income. This opens doors for semi-retired buyers and those with uneven earnings.
Asset Depletion Loans calculate income from liquid assets using a 360-month amortization. A borrower with $500,000 in accessible savings can count roughly $1,389 monthly as qualifying income.
Asset Depletion Loans are a niche product offered by portfolio lenders and some credit unions. Retail banks rarely carry them because they require manual underwriting and portfolio risk tolerance.
Closing timelines run 45–60 days since each file needs individual review. Lenders verify asset documentation carefully — bank statements, investment account statements, and proof of ownership.
Asset Depletion Loans shine for semi-retired professionals and business owners with lumpy income. If you have $400,000+ in liquid assets but W-2 income doesn't support the purchase, this program bridges that gap.
They don't work well for buyers with minimal savings or those who need every dollar for the down payment. The lender requires reserves after closing, so asset depletion only counts if you have surplus funds.
Conventional loans demand consistent W-2 or 1099 income and typically require 20% down to avoid PMI. Asset Depletion Loans skip the income requirement but usually carry a higher rate and need 10–25% down.
If you have retirement savings but irregular earnings, asset depletion wins. If you have steady paychecks, conventional is usually cheaper and faster.
Dublin City Council recently approved a 113-unit senior affordable housing project on Regional Street. That kind of community investment signals stable long-term value for homebuyers in the broader Alameda County area.
The East Bay restaurant scene is expanding with new Filipino, Mexican, and specialty dining opening across the region. Lifestyle amenities matter to buyers planning to stay put, and new development shows the area is growing.
Yes — most lenders allow IRAs and 401(k)s as qualifying assets. They calculate income by dividing your account balance by 360 months. You don't withdraw the money; the lender just counts it as income.
Most lenders require a minimum FICO of 620. Some portfolio lenders go lower with strong assets. Call to discuss your specific score and asset profile.
Down payments typically range from 10% to 25% depending on your total liquid assets and the lender. Stronger asset positions may qualify for lower down payments.
No — that's the main advantage of Asset Depletion Loans. The lender qualifies you on assets alone. You'll still provide tax returns and bank statements to verify the assets exist.
The lender requires you to keep reserves after closing — typically 6 to 12 months of housing payments in liquid accounts. You can't deplete everything to buy the home.