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San Leandro homes often exceed what traditional income-based qualification allows. Asset depletion loans count your savings and investments as qualifying income instead.
New restaurants—Filipino, mushroom-focused, Nicaraguan—are opening across the East Bay. That local growth signals neighborhood stability and long-term value.
620+
Minimum FICO
10% to 20%
Typical down payment
30-45 days
Underwriting timeline
$1,249,125
2026 conforming limit
None required
Mortgage insurance
Asset Depletion Loans in San Leandro
Asset depletion divides your liquid assets by 360 months to create qualifying income. A borrower with $200,000 in savings generates roughly $556 monthly qualifying income.
Most lenders require 620+ FICO and 10% to 20% down. Reserves matter more than employment history on these loans.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Leandro.
San Leandro homes often exceed what traditional income-based qualification allows. Asset depletion loans count your savings and investments as qualifying income instead.
New restaurants—Filipino, mushroom-focused, Nicaraguan—are opening across the East Bay. That local growth signals neighborhood stability and long-term value.
Asset depletion divides your liquid assets by 360 months to create qualifying income. A borrower with $200,000 in savings generates roughly $556 monthly qualifying income.
Asset depletion loans are niche products. Portfolio lenders and specialized mortgage companies dominate this market. Retail banks rarely offer them.
Underwriting runs 30 to 45 days because asset verification takes time. Bank statements and investment accounts require deeper scrutiny than W-2s.
Asset depletion loans work best when you have substantial savings but limited W-2 income. Early retirees, business owners between ventures, and inheritance recipients fit this profile well.
Thin savings shrink your qualifying income fast. A $100,000 liquid asset base generates only $278 monthly income, which won't carry a larger mortgage alone.
Conventional loans demand 2 years of W-2 income and typically require 20% down to avoid PMI. Asset depletion loans skip employment history and allow 10% down, but close slower.
FHA loans are faster and easier to find. However, they carry lifetime mortgage insurance if you put down less than 10%. Asset depletion avoids mortgage insurance entirely.
Dublin City Council approved a 113-unit senior affordable housing project on Regional Street. Municipal housing commitment like this typically stabilizes neighborhoods and supports long-term property values.
New dining options are opening across the East Bay. Restaurant growth and neighborhood amenities often correlate with buyer demand and home appreciation.
Yes. Retirement is ideal for asset depletion loans. Your savings and investments become qualifying income without W-2 earnings. Most lenders require 620+ FICO and liquid assets.
Bank accounts, money market funds, stocks, and bonds count. Retirement accounts like IRAs and 401(k)s typically don't. Your lender divides the liquid total by 360 months.
Yes. Most lenders require 10% to 20% down. The exact amount depends on your asset base and the lender's overlays. Larger down payments strengthen your application.
Plan for 30 to 45 days. Asset verification requires detailed bank statements and investment account reviews. Appraisals and title work follow normal timelines.
No. Asset depletion loans skip PMI and mortgage insurance entirely. That's a real advantage over FHA loans, which carry lifetime insurance below 10% down.