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Susanville sits in Lassen County at the edge of the Sierra Nevada. Property prices here run well below coastal California averages.
That lower price point works in your favor with asset depletion. Your liquid assets stretch further in a market like this.
620+
Min Credit Score
None
Income Docs Required
2-3 Months
Asset Statements
Non-QM
Loan Type
Asset Depletion Loans in Susanville
Asset depletion lets lenders count your liquid assets as income. They divide your total eligible assets by a set number of months to create a monthly income figure.
Most lenders require 620+ credit and meaningful reserves. The stronger your asset base, the better your rate options.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Susanville.
Susanville sits in Lassen County at the edge of the Sierra Nevada. Property prices here run well below coastal California averages.
That lower price point works in your favor with asset depletion. Your liquid assets stretch further in a market like this.
Asset depletion lets lenders count your liquid assets as income. They divide your total eligible assets by a set number of months to create a monthly income figure.
Banks rarely offer asset depletion. This is a wholesale non-QM product. You need a broker with access to specialty lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs built around asset-based qualification.
The math matters here. A borrower with $800K liquid could qualify for a solid mortgage in Susanville without showing a single paycheck.
Lenders treat retirement accounts differently than brokerage accounts. Some apply a haircut — typically 30% to 40% — before counting them. Know this before you calculate.
Bank statement loans work if you run a business with cash flow. Asset depletion works if you have wealth but no income stream to document.
DSCR loans are for rental properties. Asset depletion is for primary homes, second homes, or investment buys when you don't fit a traditional income box.
Susanville draws retirees, remote workers, and buyers leaving pricier California metros. Many arrive with strong assets but little traditional income.
That profile fits asset depletion well. Lassen County's rural designation can affect appraisal timelines — build that into your closing schedule.
Savings, brokerage, and retirement accounts are common. Lenders typically discount retirement accounts before counting them.
No. That's the point. Your assets replace employment income in the qualification calculation.
They divide your eligible asset total by a set number of months — often 360. That monthly figure is your qualifying income.
Yes. Many non-QM lenders allow asset depletion on second homes. Expect a slightly higher rate than a primary residence.
Yes, typically. Non-QM programs carry more lender risk. Rates vary by borrower profile and market conditions.
Most lenders allow it with a 30-40% haircut applied first. The net amount after that discount counts toward your qualifying assets.