Loading
Loading
Arcata attracts retirees, investors, and self-employed buyers who don't fit a W-2 mold. Asset depletion loans exist for exactly this borrower.
This is a non-QM loan. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
620+
Min Credit Score
None
Income Docs Required
20–30%
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Arcata
Most lenders want 620+ credit. Some go lower, but your rate takes a hit. Stronger credit means more lender options.
Your assets must be liquid — think checking, savings, brokerage accounts. Retirement accounts may qualify at a haircut, often 60-70% of face value.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Arcata.
Arcata attracts retirees, investors, and self-employed buyers who don't fit a W-2 mold. Asset depletion loans exist for exactly this borrower.
This is a non-QM loan. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
Most lenders want 620+ credit. Some go lower, but your rate takes a hit. Stronger credit means more lender options.
Big retail banks rarely offer asset depletion. This is a wholesale and portfolio lender product. You won't find it at most branch offices.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs for Humboldt County borrowers.
The asset calculation matters more than most borrowers realize. One lender divides over 60 months. Another uses 240. That gap changes your qualifying income dramatically.
Down payment requirements run higher here — expect 20-30%. Lenders see the lack of income documentation as added risk.
Bank Statement Loans work well if you run a business with consistent deposits. Asset depletion fits better when income is irregular or has stopped entirely.
DSCR Loans are the move if you're buying a rental. Asset depletion is the right call for a primary or second home with no rental income to count.
Arcata's housing market includes a mix of historic homes, rural parcels, and properties near Humboldt State. Appraised values in rural Humboldt can be harder to comp.
Fewer buyers in this market use non-QM financing. That means less competition — and sellers less familiar with these loans. A clean pre-approval letter helps.
Checking, savings, and brokerage accounts qualify. Retirement accounts often count at 60-70% of value depending on the lender.
They divide your total eligible assets by a set number of months — often 120 to 360. That monthly figure becomes your qualifying income.
Yes, but a DSCR loan may serve you better. Asset depletion shines for primary and second homes with no rental income.
No. Any borrower with substantial liquid assets can apply. Retirees are common applicants, but this isn't limited to them.
The loan itself isn't harder. But rural properties sometimes face tougher appraisals, which can affect your loan-to-value calculation.