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Paradise is rebuilding. Post-Camp Fire, buyers here often have atypical financial profiles — insurance settlements, liquidated investments, inheritance funds.
Asset depletion loans are built for exactly that situation. You qualify using liquid assets, not a pay stub.
620–680 typical
Min Credit Score
60–84 months
Asset Conversion Window
20–30% typical
Down Payment
60–90 days
Asset Seasoning Required
Asset Depletion Loans in Paradise
Lenders divide your eligible assets by a set number of months — usually 60 to 84 — to calculate monthly income. That number replaces traditional income verification.
Eligible assets typically include checking, savings, brokerage accounts, and vested retirement funds. Illiquid assets like real estate equity don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Paradise.
Paradise is rebuilding. Post-Camp Fire, buyers here often have atypical financial profiles — insurance settlements, liquidated investments, inheritance funds.
Asset depletion loans are built for exactly that situation. You qualify using liquid assets, not a pay stub.
Lenders divide your eligible assets by a set number of months — usually 60 to 84 — to calculate monthly income. That number replaces traditional income verification.
Most banks don't offer asset depletion loans. You won't find this at a credit union drive-through. It lives in the non-QM wholesale market.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs for asset-rich borrowers in smaller California markets like Paradise.
The biggest mistake I see: borrowers moving assets right before applying. Lenders want to see 60–90 days of consistent account statements. Don't shuffle funds.
Also, not all lenders count IRAs and 401(k)s the same way. Some discount them 30%. Others require you be 59½. Get this sorted before you pick a lender.
Bank statement loans work well if you have self-employment income flowing through accounts. Asset depletion fits better when income is minimal but assets are substantial.
DSCR loans are for rental properties — they use rent income, not your personal assets. If this is a primary home purchase in Paradise, asset depletion is the cleaner path.
Butte County has seen significant post-fire recovery activity. Many buyers in Paradise received large insurance or legal settlements — liquid capital that asset depletion programs are designed to use.
Property values in the area can be lower than coastal California. That works in your favor. Smaller loan amounts mean your asset pool stretches further as qualifying income.
Yes, liquid settlement proceeds typically qualify as eligible assets. They must be fully documented and seasoned in your account, usually 60–90 days.
Lenders back-calculate from the loan amount. More assets mean more imputed monthly income. Run the numbers with a broker before assuming you qualify.
Yes. Non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions, but expect a notable premium.
Yes. We broker loans across California, including Butte County. We have lenders comfortable with the Paradise market and its post-fire rebuilding context.
Absolutely — this is one of the most common use cases. Retirees with strong investment or savings accounts often qualify cleanly under asset depletion.
Real estate equity, business assets, and illiquid holdings typically don't count. Only verifiable, accessible liquid accounts are eligible.