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Asset Depletion Loans in Colusa
Colusa's agricultural economy creates unique income patterns that traditional underwriting misses. Farmers, landowners, and agribusiness owners often hold substantial assets without W-2s.
Asset depletion loans let you leverage stocks, bonds, and liquid savings to qualify. Lenders calculate a monthly income by dividing your total assets by 360 months.
This works well for Colusa buyers with harvest timing issues or irregular distributions. You prove ability to pay through what you own, not what you earn monthly.
Most lenders require $500K+ in liquid assets to make the math work. Credit scores typically start at 680, though some programs go to 660.
Eligible assets include checking accounts, savings, stocks, bonds, and retirement accounts. Real estate equity and business value don't count as liquid.
Expect 20-25% down payment minimums. Loan amounts reach $3M+ depending on your asset base and the lender's investor appetite.
Asset depletion sits squarely in non-QM territory. You won't find this at Chase or Wells Fargo—it requires specialty wholesale lenders.
We access 30+ non-QM investors who price asset depletion differently. Some treat retirement funds at 70% value, others at 100%.
Rate premiums run 1-2% above conventional mortgages. The spread compensates for non-standard documentation and portfolio lending risk.
Colusa deals close faster when we see complete asset statements upfront. Two months of every account eliminates back-and-forth later.
If you're land-rich but cash-light, this won't work. Lenders need liquid assets they can track monthly—not farmland appraisals or equipment value.
Retirees moving from high-cost areas love this product. Selling a Bay Area home gives them qualifying assets without needing pension documentation.
Bank statement loans work better if you run income through a business. Asset depletion beats bank statements when you live off investments.
DSCR loans make sense for rental property buyers. Asset depletion fits primary residences where you're proving personal liquidity, not rental income.
Foreign national programs overlap here for international buyers with U.S. assets. We often compare both to find the better rate.
Colusa County's property values create manageable loan amounts for asset depletion math. A $400K purchase needs roughly $1.4M in assets at standard depletion rates.
Seasonal agricultural income makes traditional approvals difficult here. Asset depletion bypasses harvest cycles and crop payment timing entirely.
Many Colusa landowners carry substantial assets from land sales or inheritance. This program lets them buy without forcing liquidity events or income documentation.
They total your liquid assets and divide by 360 months. A borrower with $1.8M qualifies with $5,000 monthly income ($1.8M ÷ 360).
Yes, retirement accounts qualify. Most lenders count 70-100% of the value depending on penalties and distribution rules.
Two months of statements for every liquid account. Include checking, savings, brokerage, and retirement accounts showing balances and ownership.
They work for primary residences on farmland. Investment ag land needs DSCR loans based on rental or crop income instead.
Expect 1-2% above conventional rates. Current spreads vary by borrower profile and market conditions across our lender network.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.