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Walnut Creek sits in Contra Costa County where the median household income of $125,727 supports homes in the $950K–$1.1M range. The county's $155M East County Service Center project signals infrastructure investment that backs long-term property values here.
Asset Depletion Loans let retirees and semi-retired buyers use savings and investments to qualify, not just W-2 income. If you've built wealth but your current income doesn't match your down payment, this program bridges that gap.
620+
Minimum FICO
5–20%
Down Payment Range
$1,249,125
Conforming Limit (2026)
45–60 days
Typical Close Timeline
$125,727
County Median Income
Asset Depletion Loans require 620+ FICO and typically 10–20% down, though some programs accept 5% with compensating factors. Your liquid assets—stocks, bonds, savings, retirement accounts—are divided by 360 months to create qualifying income.
At $1.05M purchase price with 15% down, you'd need roughly $157,500 in liquid assets to support the remaining loan balance. Contra Costa's $125,727 median income means many retirees here have assets but lower current earnings—this program is built for that...
Asset Depletion Loans are offered by a smaller subset of lenders than conventional or FHA programs. Portfolio lenders and some credit unions specialize in them; most big retail banks don't.
Closing timelines run 45–60 days because asset verification takes longer. You'll need recent statements (60+ days old) for every account you're using. Brokers can shop multiple lenders to find the best rate and terms for your specific asset mix.
Asset Depletion Loans make sense in Walnut Creek for retirees with $500K+ in liquid assets and lower current income. If you're 62+, semi-retired, or living off investments, this program often beats FHA or conventional alternatives that require income...
They don't make sense if you have strong W-2 income and need to preserve every dollar of savings. Conventional loans at 20% down carry no PMI and run faster—use those if your income qualifies.
Conventional loans require strong W-2 income and typically 20% down to avoid PMI. Asset Depletion Loans flip that: they let you put down less if your assets are strong, even if your income is modest. The tradeoff is a longer underwriting process.
FHA loans work for lower down payments (3.5%) but require income documentation and carry lifetime mortgage insurance if you put down under 10%.
Contra Costa County's $155M East County Service Center in Brentwood expands access to county services across the region. For retirees managing healthcare, permits, and administrative needs, that infrastructure investment matters—it signals the county is...
Walnut Creek's established neighborhoods and proximity to shopping, dining, and medical care make it a natural choice for semi-retired buyers.
No. Asset Depletion Loans let you qualify on savings and investments alone. Your liquid assets are divided by 360 months to create qualifying income, so retirees and semi-retired buyers can qualify without employment income.
Savings accounts, money market accounts, stocks, bonds, mutual funds, and retirement accounts (401k, IRA, SEP-IRA) all count. The lender will require 60+ day statements for each account. Real estate and vehicles don't count.
Yes. Retirement accounts count as liquid assets. The lender divides the balance by 360 to calculate qualifying income. You don't have to withdraw the money—just prove it exists and is accessible.
Most programs require 5–20% down. The lower your down payment, the stronger your assets need to be. A 5% down loan at $1M purchase price requires roughly $50K down and $475K+ in liquid assets to support the loan.
Expect 45–60 days. Asset verification takes longer than standard income documentation. You'll need recent statements for every account, and the lender will verify balances directly with banks or custodians.
Asset Depletion Loans in Walnut Creek