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Union City sits in the heart of the Bay Area. Home prices here reflect that — and most buyers need real purchasing power to compete.
Asset depletion loans let retirees and high-net-worth borrowers qualify without a paycheck. Your portfolio becomes your income.
620+
Min Credit Score
20–30% typical
Down Payment
2–3 months required
Asset Statements
Non-QM
Loan Classification
Asset Depletion Loans in Union City
Lenders divide your liquid assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
You typically need strong credit, a solid down payment, and verifiable assets. Think brokerage accounts, savings, and money markets.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Union City.
Union City sits in the heart of the Bay Area. Home prices here reflect that — and most buyers need real purchasing power to compete.
Asset depletion loans let retirees and high-net-worth borrowers qualify without a paycheck. Your portfolio becomes your income.
Lenders divide your liquid assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
This is a non-QM loan. Most banks won't touch it. You need a wholesale lender that specializes in asset-based underwriting.
We work with 200+ wholesale lenders. Several have strong asset depletion programs with competitive terms for Bay Area borrowers.
The biggest mistake I see: borrowers trying to document assets at the last minute. Lenders want 2–3 months of clean statements.
Retirement accounts count — but lenders typically haircut them by 30–40% if you're under 59½. Know that before you calculate.
Bank statement loans work well for self-employed borrowers with active business income. Asset depletion fits those with wealth but no income stream.
DSCR loans are built for rental investors. Asset depletion is better if you're buying a primary or second home without rental income.
Alameda County has a large population of tech retirees and early retirees with significant equity and brokerage assets. Asset depletion fits that profile well.
Union City's proximity to Silicon Valley means buyers often have RSUs, stock options, or liquidity events behind them — not a salary.
Checking, savings, brokerage, and money market accounts typically qualify. Retirement accounts may qualify at a reduced value.
Yes, vested stocks in a brokerage account usually count. Unvested RSUs generally do not qualify as liquid assets.
No. Asset depletion is designed for borrowers with no active income. Assets alone support the qualification.
It depends on the loan amount and the lender's depletion formula. More assets mean higher qualifying income.
Yes. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
Yes. Asset depletion works for primary residences and second homes. Terms may differ by property type.