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Asset Depletion Loans in Pleasanton
Do I need employment income to qualify for an asset depletion loan?
Yes and no — this program is built around the opposite approach. Liquid savings become your qualifying income, with 9 months of reserves and $1,500 in monthly residual income required.
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Pleasanton's median home price sits at $1,466,146, with homes moving in about 25 days on average. The Alameda County Fair opens this summer in Pleasanton with new rides and live music.
Asset depletion loans convert liquid savings into qualifying income on a fixed schedule. This matters in Pleasanton, where the median price exceeds what employment-based underwriting can support for many retirees.
680
Minimum Credit Score
50%
Maximum Debt-to-Income
9 months
Reserves Required
$3,000,000
Max Loan Amount
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Asset depletion loans require a minimum 680 representative credit score for a primary residence. You'll need at least 9 months of reserves and $1,500 monthly residual income after all obligations.
Total debt-to-income cannot exceed 50 percent for a primary residence. Alameda County's median household income of $126,240 shows the income gap this program is built to solve.
Loan amounts top out at $3,000,000 for a primary residence under this program's guidelines. Your liquid assets — savings, investments, retirement accounts — become the income source instead.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Pleasanton.
Pleasanton's median home price sits at $1,466,146, with homes moving in about 25 days on average. The Alameda County Fair opens this summer in Pleasanton with new rides and live music.
Asset depletion loans convert liquid savings into qualifying income on a fixed schedule. This matters in Pleasanton, where the median price exceeds what employment-based underwriting can support for many retirees.
Asset depletion loans require a minimum 680 representative credit score for a primary residence. You'll need at least 9 months of reserves and $1,500 monthly residual income after all obligations.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Asset depletion loans are a non-QM product, sitting outside traditional Qualified Mortgage rules. Fewer lenders offer them, but SRK CAPITAL shops across wholesale partners who specialize in this space.
Underwriting is more thorough because income is calculated differently than a paycheck. Closing timelines typically run 45 to 60 days for this documentation-heavy process.
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Asset depletion loans make sense for Pleasanton buyers with substantial savings but limited W-2 income. Retirees, business owners between ventures, and investors fit this profile well.
At $1,466,146 median price, conventional lenders often reject these buyers outright despite strong assets. The trade-off is deeper documentation and a slightly higher rate than conforming loans.
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Conventional loans require documented employment income and a meaningful down payment. Asset depletion loans look at your bank account instead of your paycheck.
For a saver with no paycheck, conventional underwriting can be a dead end. Asset depletion opens a path where the assets alone tell the story.
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California's new transit-oriented housing law, SB 79, takes effect July 1. It requires Alameda County cities to allow denser housing near transit stops.
This could shift zoning and development patterns across Pleasanton over time. Asset depletion loans have no geographic limit caps, so your loan size depends on assets and property value, not a county ceiling.
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Asset depletion lending in California remains a niche product. Demand stays steady among retirees and high-net-worth buyers across Bay Area markets.
Pleasanton's stable market — 25 days on market, 165 active listings — draws buyers from across the Bay. Many are retirees with savings but no W-2 income.
FAQ
Yes and no — this program is built around the opposite approach. Liquid savings become your qualifying income, with 9 months of reserves and $1,500 in monthly residual income required.
Savings accounts, money market funds, stocks, bonds, mutual funds, and retirement accounts all count. We verify these with recent statements from your financial institutions.
Yes. Loan amounts reach $3,000,000 for a primary residence, well above Pleasanton's median. Credit score, reserves, and residual income are what matter most.
Typically 45 to 60 days. The process runs longer than conventional because of the income drawdown calculation and thorough asset verification.
Yes, non-QM pricing tends to run higher because of added documentation risk. Rates vary by borrower profile and market conditions — call SRK CAPITAL for today's quote.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Alameda County
Our team of licensed mortgage brokers works Alameda County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Alameda County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.