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Livermore attracts retirees, tech executives, and wine country investors with serious wealth on paper. Many can't show a W-2 — but they don't need one.
Asset depletion loans convert liquid assets into qualifying income. No job required. Your brokerage account does the talking.
680+ typical
Min Credit Score
20% common
Down Payment
84–360 months
Asset Divisor Range
Non-QM
Loan Type
Lenders divide your verified liquid assets by a set number of months — often 84 or 360. That monthly figure becomes your qualifying income.
Most programs require a 680+ credit score and 20% down. Eligible assets typically include checking, savings, brokerage, and retirement accounts.
Asset depletion is a non-QM product. Most banks won't touch it. You need wholesale lenders who specialize in it.
HousingWire noted that Pennymac TPO just expanded its wholesale non-QM suite to include asset qualifier loans. More competition means more options for your deal.
The asset calculation method varies by lender. One lender spreads assets over 84 months. Another uses 360. That gap changes your qualifying income dramatically.
We shop this across 200+ wholesale lenders. Small methodology differences can mean approval versus denial on the same file.
Bank statement loans work if you have self-employment income flowing through accounts. Asset depletion works when the money is already there — sitting, not moving.
DSCR loans fit rental property investors. Asset depletion fits the buyer whose portfolio is the income. Different profiles, different tools.
Livermore home prices push into jumbo territory. Asset depletion programs go well above conforming limits — that matters here.
The Tri-Valley draws early retirees from Bay Area tech. Many have stock portfolios and 401(k)s but no current employer. Asset depletion was built for this borrower.
Checking, savings, brokerage, and retirement accounts typically qualify. Retirement accounts are often counted at 70% of their value.
Vested RSUs and liquid securities generally count. Unvested stock options usually don't. Each lender has its own rules.
Some lenders require a small income floor. Others rely entirely on asset calculation. We identify which lenders fit your profile.
It depends on the loan amount and the lender's divisor. Higher loan amounts require more assets to generate sufficient qualifying income.
Yes. Many non-QM lenders offer asset depletion above conforming limits. Livermore's price points make this a frequent need.
Asset depletion is fully documented — lenders verify every asset. Stated income loans required no verification and no longer exist.
Asset Depletion Loans in Livermore