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Martinez sits in Contra Costa County, where the median household income of $125,727 supports homes across a wide price range. County infrastructure investments like the new East County Service Center in Brentwood signal long-term stability for the region.
Asset Depletion Loans let you count retirement savings and investment accounts toward qualification. This matters in Martinez, where many buyers have accumulated assets but face income limits on traditional programs.
620+
Minimum FICO
10–20%
Down Payment Range
45–60 days
Typical Timeline
30 years
Asset Depletion Period
Asset Depletion Loans in Martinez
Asset Depletion Loans allow lenders to count a percentage of your liquid assets as monthly income. This is powerful for retirees, business owners, and anyone with savings but lower W-2 income.
Most lenders require 620+ FICO and will deplete assets over a 360-month period. Down payments typically start at 10% to 20%, depending on the lender and your total asset picture.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Martinez.
Martinez sits in Contra Costa County, where the median household income of $125,727 supports homes across a wide price range. County infrastructure investments like the new East County Service Center in Brentwood signal long-term stability for the region.
Asset Depletion Loans let you count retirement savings and investment accounts toward qualification. This matters in Martinez, where many buyers have accumulated assets but face income limits on traditional programs.
Asset Depletion Loans allow lenders to count a percentage of your liquid assets as monthly income. This is powerful for retirees, business owners, and anyone with savings but lower W-2 income.
Asset Depletion Loans are offered by a smaller pool of lenders than conventional or FHA programs. Most are portfolio lenders or specialists who understand non-traditional income sources.
Underwriting timelines run 45 to 60 days because lenders must verify and value your assets carefully. Expect requests for bank statements, investment account statements, and sometimes appraisals of non-liquid assets.
Asset Depletion Loans shine for Martinez buyers who are retired or semi-retired with substantial savings. If your investment accounts and retirement funds exceed your annual income, this program often beats FHA or conventional denial.
They don't make sense if you have strong W-2 income and want to preserve assets for retirement. A conventional loan at a lower rate is almost always better when you qualify on income alone.
Asset Depletion Loans compete directly with FHA for buyers who don't qualify on income. FHA requires 3.5% down and lifetime mortgage insurance; Asset Depletion typically wants 10%+ down but no insurance.
Conventional loans are faster and cheaper if your W-2 income qualifies. But if you're retired and your 1099s or pension don't meet debt-to-income limits, Asset Depletion is often your only path to approval.
Contra Costa County is investing heavily in infrastructure, including the $155 million East County Service Center breaking ground in Brentwood. That kind of public commitment supports property values and signals stability for long-term residents.
Richmond parks are receiving multi-million dollar upgrades with new soccer fields and restrooms. These quality-of-life improvements matter to retirees and semi-retired buyers who plan to stay put for decades.
Asset Depletion Loans remain a niche product in California, offered by portfolio lenders and specialists. Demand is steady among retirees and semi-retired professionals who have accumulated wealth but face income-based disqualification.
Contra Costa County's median household income of $125,727 supports a healthy market for these loans. Buyers with $500,000+ in liquid assets often find Asset Depletion their fastest path to approval.
Yes. Lenders count a portion of your liquid assets as monthly income over a 30-year period. If you have $500,000 in savings, that converts to roughly $1,389 monthly income for qualification purposes.
Asset Depletion typically requires 10–20% down with no mortgage insurance. FHA requires only 3.5% down but charges mortgage insurance for the life of the loan. Asset Depletion is often cheaper long-term if you have the savings.
No. Most lenders accept 620+ FICO. Some will go lower if your assets are substantial and you have a solid payment history. Call to discuss your specific credit situation.
Expect 45 to 60 days. Asset verification takes time — lenders need bank statements, investment account statements, and sometimes appraisals. It's slower than conventional but faster than some portfolio programs.
Yes, but it depends on the lender. Some count them fully; others apply a penalty or discount. Liquid, accessible accounts (savings, brokerage) are easiest. Ask your lender which accounts they'll accept.