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Crescent City sits at California's far northern edge. Retirees and asset-rich buyers are drawn here by low prices and coastal access.
Many buyers in Del Norte County have strong balance sheets but no W-2. Asset depletion loans are built exactly for that profile.
Typically 680+
Min Credit Score
Assets ÷ 240–360 mo
Asset Formula
None required
Income Docs Needed
21–30 days
Est. Close Time
Non-QM
Loan Type
Asset Depletion Loans in Crescent City
Lenders divide your liquid assets by a set number of months — often 360 — to create a monthly income figure.
Qualifying assets typically include checking, savings, brokerage accounts, and some retirement funds. Primary home equity usually does not count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Crescent City.
Crescent City sits at California's far northern edge. Retirees and asset-rich buyers are drawn here by low prices and coastal access.
Many buyers in Del Norte County have strong balance sheets but no W-2. Asset depletion loans are built exactly for that profile.
Lenders divide your liquid assets by a set number of months — often 360 — to create a monthly income figure.
This is a non-QM loan. Most retail banks in Crescent City won't offer it. You need a broker with wholesale non-QM access.
Pricing varies sharply across non-QM lenders. One lender's formula may qualify you for much more than another's. Shopping matters.
The asset calculation formula is where deals get won or lost. Some lenders use 240 months, some use 360. That difference is huge.
We match your asset mix to the lender whose formula produces the strongest income number. That's the work that gets deals closed.
Bank statement loans work if you run a business with regular deposits. Asset depletion works when income is low but reserves are high.
DSCR loans fit rental investors. Asset depletion fits the buyer who sold a business or retired with a large portfolio.
Del Norte County is one of California's most affordable coastal markets. Asset depletion buyers often purchase outright or with small loans relative to their holdings.
The area draws cash-heavy buyers from the Bay Area and Pacific Northwest. Many have sold homes or businesses and want to reposition into Crescent City real estate.
Checking, savings, and brokerage accounts typically count fully. Retirement accounts often count at 60–70% of their value depending on the lender.
No traditional income is required. Your liquid assets serve as the income source after the lender applies their depletion formula.
Most non-QM lenders want at least 680. Higher scores open better rates. Rates vary by borrower profile and market conditions.
Yes. Asset depletion programs work for primary homes, second homes, and investment properties. Terms differ by property type.
Most non-QM loans close in 21–30 days. Documentation review takes longer than a standard loan, so start gathering statements early.