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Corcoran attracts retirees and investors who don't fit traditional income boxes. Asset depletion loans let you qualify using retirement accounts, brokerage portfolios, or other liquid assets instead of W-2s.
As of February 2026, lenders now accept cryptocurrency holdings as qualifying assets alongside traditional portfolios. This opens doors for borrowers with diversified wealth beyond conventional income streams.
Asset Depletion Loans in Corcoran
You need $300,000+ in liquid assets to make this work. Lenders divide your total portfolio by 360 months to calculate monthly qualifying income. A $720,000 account generates $2,000 monthly income on paper.
Credit minimums sit at 620-680 depending on the lender. Down payments start at 20% for primary residences. Investment properties require 25-30% down and higher reserve requirements.
We access 40+ non-QM lenders who price asset depletion differently. Some count 100% of stocks and bonds. Others discount volatile assets like crypto by 30-50% for qualification purposes.
Portfolio lenders in California price these aggressively for borrowers with $1M+ in assets. Regional banks won't touch them. The wholesale market gives us pricing you can't access directly.
Asset depletion beats bank statement loans when you have significant portfolios but irregular cash flow. I see this with retired farmers in Kings County who sold operations but don't want to liquidate investments.
The 360-month formula hurts borrowers with exactly enough assets but not much cushion. Having $400K to buy a $320K home works on paper but barely. I push clients toward $500K+ in assets for smoother approval.
Bank statement loans work better if you're still working and generate monthly deposits. Asset depletion fits retirees or trust fund situations where money sits invested, not flowing through checking accounts.
DSCR loans make sense for investment properties with rental income. Foreign national loans apply when you lack U.S. credit. Asset depletion handles retired or independently wealthy buyers who don't fit other boxes.
Corcoran's lower price points mean asset depletion works with smaller portfolios than coastal California markets. A $400K portfolio qualifies you for most primary residences here without stretching ratios.
Agricultural property complicates these deals. Lenders treat working farms as commercial, not residential. If you're buying a house with land but no active ag use, we can structure it as residential.
Yes, but lenders only count 70% of retirement accounts to account for early withdrawal penalties. Taxable brokerage accounts count at 100% of verified value.
No, you keep your investments intact. Lenders verify account balances through statements but don't require you to sell anything except for your down payment and closing costs.
Lenders discount crypto holdings 30-50% due to volatility and typically cap them at 25% of total qualifying assets. You'll need traditional assets as your primary qualification base.
Rates run 1.5-3% higher than conforming mortgages. Strong credit and 30%+ down payment land you closer to the low end of that range.
Yes, we can stack Social Security, pensions, or rental income with asset depletion. This hybrid approach often gets you better loan terms and lower rates.