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San Ramon sits in Contra Costa County where the median household income of $125,727 supports homes in the $900,000 to $1,100,000 range.
Asset Depletion Loans let retirees and semi-retired buyers qualify using retirement savings as income. Instead of requiring W-2 wages or ongoing paychecks, the lender counts a portion of your liquid assets each month as qualifying income.
620–640 typical
FICO Floor
10–20%
Down Payment Range
45–60 days
Underwriting Timeline
Liquid assets ÷ 360 months
Qualifying Income Source
Asset Depletion Loans in San Ramon
Asset Depletion Loans typically require 620+ FICO, though 640+ is standard. Down payment ranges from 10% to 20% depending on the lender and your asset position. The program divides your liquid assets by 360 months to create qualifying income.
On a $1,000,000 purchase in San Ramon, that's roughly $50,000 to $100,000 down. Your bank statements, brokerage accounts, and retirement funds (excluding locked IRAs) count toward the asset pool.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Ramon.
San Ramon sits in Contra Costa County where the median household income of $125,727 supports homes in the $900,000 to $1,100,000 range.
Asset Depletion Loans let retirees and semi-retired buyers qualify using retirement savings as income. Instead of requiring W-2 wages or ongoing paychecks, the lender counts a portion of your liquid assets each month as qualifying income.
Asset Depletion Loans typically require 620+ FICO, though 640+ is standard. Down payment ranges from 10% to 20% depending on the lender and your asset position. The program divides your liquid assets by 360 months to create qualifying income.
Asset Depletion Loans are a niche product. Most national lenders don't offer them; portfolio lenders and credit unions dominate this space.
Underwriting takes 45–60 days because the lender must verify asset history and calculate the monthly depletion amount carefully. Appraisals and title work move at standard speed, but the asset documentation phase adds time.
Asset Depletion Loans make sense in San Ramon when you're semi-retired with $500,000+ in liquid assets but no W-2 income. If you have a pension, Social Security, and investment accounts, this program opens doors that conventional lenders shut.
They don't work if your assets are mostly illiquid (real estate, retirement accounts with penalties, collectibles). The lender needs to see cash or near-cash that can be verified on bank statements.
Conventional loans require documented W-2 income or self-employment tax returns. Asset Depletion Loans skip that requirement entirely. If you're retired and have no recent paychecks, conventional won't work — Asset Depletion will.
The tradeoff: Asset Depletion takes longer to underwrite and carries a slightly higher rate. You're also depleting savings each month on paper, which some retirees find uncomfortable. But if you have assets and no income, it's the only path forward.
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Yes. Asset Depletion Loans are designed for retirees. The lender counts your liquid assets as monthly income by dividing them by 360 months. Social Security, pensions, and investment accounts all factor into qualification.
Bank accounts, brokerage accounts, money market funds, and CDs count. Retirement accounts like IRAs and 401(k)s count only if you can access them without penalty. Real estate, vehicles, and collectibles do not count.
Typically 10% to 20% depending on the lender and your total asset position. On a $1,000,000 purchase, that's $100,000 to $200,000 down. Your assets must support both the down payment and the monthly qualifying income.
No. The lender uses the depletion calculation for qualification only. Your actual assets remain untouched. The monthly depletion number is a lending formula, not a real withdrawal.
Expect 45–60 days. The lender must verify asset history and calculate your monthly depletion amount. You'll provide 2–3 months of bank statements and a written asset certification.