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Colusa is a small agricultural county seat. Retired landowners and farming families here often hold significant assets — but show little taxable income.
Asset depletion loans solve that problem. Your portfolio, savings, or liquid holdings become your qualifying income — no W-2 required.
620+
Min Credit Score
Assets ÷ 360 months
Asset Calculation
None (assets only)
Income Required
20%+
Typical Down Payment
12 months
Reserves After Closing
Asset Depletion Loans in Colusa
Lenders divide your eligible liquid assets by a loan term — typically 360 months — to calculate your qualifying monthly income.
Most lenders want at least 620 credit and 12 months of reserves after closing. Asset type matters too — retirement accounts are discounted, usually by 30-40%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Colusa.
Colusa is a small agricultural county seat. Retired landowners and farming families here often hold significant assets — but show little taxable income.
Asset depletion loans solve that problem. Your portfolio, savings, or liquid holdings become your qualifying income — no W-2 required.
Lenders divide your eligible liquid assets by a loan term — typically 360 months — to calculate your qualifying monthly income.
Most retail banks don't offer asset depletion programs. This is a non-QM product, meaning you won't find it at your local branch.
Wholesale lenders who specialize in non-QM are where these programs live. That's exactly why working with a broker matters here.
The biggest mistake I see: borrowers listing retirement accounts without understanding the discount. A $1M IRA doesn't equal $1M in qualifying assets.
Asset mix matters. Brokerage accounts, checking, and savings count at full value. IRAs and 401(k)s get haircut. Structure your asset picture before applying.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion fits borrowers who don't operate a business at all.
DSCR loans are purely for investment property — rental income carries the deal. Asset depletion works on primary homes, second homes, and investment properties.
Colusa County has a significant agricultural economy. Farmers and ranchers who've sold land or equipment often hold substantial liquid assets after a sale.
Asset depletion loans are a natural fit here. If you've liquidated farm assets or received an inheritance, this program can get you approved where conventional loans fall short.
Checking, savings, and brokerage accounts count at full value. Retirement accounts are discounted, typically 30-40%.
Yes, as long as the funds are liquid and documented. Proceeds sitting in a bank account qualify.
No traditional income is required. Your assets are converted into an imputed monthly income figure for qualification.
Most lenders require at least 620. Higher scores get better rates. Rates vary by borrower profile and market conditions.
It depends on your loan amount. A $400,000 loan needs roughly $144,000+ in imputed income support over the loan term.
Yes. Asset depletion programs cover primary homes, second homes, and investment properties.