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Biggs draws retirees and self-funded buyers who hold significant assets but show minimal traditional income. Asset depletion loans let you qualify using bank accounts, investment portfolios, and retirement funds instead of paystubs.
This loan works for anyone with substantial liquid assets who doesn't fit conventional income documentation. Many Butte County buyers use asset depletion to purchase or refinance without W-2 verification.
Asset Depletion Loans in Biggs
Lenders calculate qualifying income by dividing your total liquid assets by 360 months (30 years). If you have $1 million in verifiable accounts, that translates to roughly $2,778 monthly qualifying income.
You'll need 620+ credit and typically 20-30% down. Lenders count checking, savings, taxable investment accounts, and retirement funds. Real estate equity and business assets usually don't qualify.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Biggs.
Biggs draws retirees and self-funded buyers who hold significant assets but show minimal traditional income. Asset depletion loans let you qualify using bank accounts, investment portfolios, and retirement funds instead of paystubs.
This loan works for anyone with substantial liquid assets who doesn't fit conventional income documentation. Many Butte County buyers use asset depletion to purchase or refinance without W-2 verification.
Lenders calculate qualifying income by dividing your total liquid assets by 360 months (30 years). If you have $1 million in verifiable accounts, that translates to roughly $2,778 monthly qualifying income.
Not every lender offers asset depletion programs. We work with specialized non-QM lenders who underwrite these loans and understand how to structure them for Biggs properties.
Rates run 1-2% higher than conventional loans due to the alternative documentation. Expect rates between 7-9% as of February 2026, depending on your credit profile and down payment.
Most Biggs buyers using asset depletion are either early retirees with stock portfolios or business owners who sheltered income. The math matters: a $500,000 account balance generates only $1,389 monthly qualifying income.
If your assets fall short, consider combining with rental income documentation or explore bank statement loans. Some buyers shift funds from illiquid investments to qualifying accounts before applying.
Bank statement loans may work better if you have business revenue but limited liquid assets. DSCR loans make sense for pure investment properties where personal income doesn't matter at all.
Asset depletion shines when you hold significant cash or investments but lack consistent income streams. It's the cleanest path for high-net-worth buyers without traditional employment.
Biggs properties typically appraise lower than urban Butte County markets, which helps when qualifying with asset depletion. A $300,000 purchase requires less qualifying income than a $600,000 home in Chico.
Rural appraisals sometimes take longer in Butte County. Plan for 3-4 weeks for appraisal completion, especially on properties outside town limits or with unique features.
For a $300,000 purchase with 25% down, you'd need roughly $650,000 in liquid assets to generate sufficient qualifying income. We calculate exact requirements based on your specific scenario.
Yes, retirement accounts count. Lenders typically discount them by 30% to account for early withdrawal penalties and taxes when calculating qualifying income.
Absolutely. Many retirees refinance using asset depletion when they no longer have W-2 income but hold significant investment portfolios or savings accounts.
You'll provide 2-3 months of statements for each account. Lenders verify balances, look for seasoning, and confirm the funds aren't borrowed against existing debt.
Yes, expect rates 1-2% above conventional loans. The trade-off is qualifying without employment verification, which matters more to most asset-rich borrowers than rate.