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Belvedere sits on a small island in Marin County. Properties here routinely trade at prices that demand creative financing.
Many buyers in Belvedere are retired executives or high-net-worth individuals. They have significant assets but little W-2 income to show a traditional lender.
680+
Min Credit Score
20% typical
Down Payment
2-3 months
Asset Seasoning
Non-QM / Portfolio
Loan Type
Higher — varies
Rate vs. Conventional
Asset Depletion Loans in Belvedere
Asset depletion works by dividing your liquid assets over a set term — often 360 months. That monthly figure becomes your qualifying income.
Lenders typically want a 680+ credit score and 20% down. Assets must be liquid: brokerage accounts, savings, and money markets qualify. Real estate equity does not.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Belvedere.
Belvedere sits on a small island in Marin County. Properties here routinely trade at prices that demand creative financing.
Many buyers in Belvedere are retired executives or high-net-worth individuals. They have significant assets but little W-2 income to show a traditional lender.
Asset depletion works by dividing your liquid assets over a set term — often 360 months. That monthly figure becomes your qualifying income.
Big banks rarely offer asset depletion programs. Most are held by portfolio lenders and specialty non-QM shops.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize specifically in asset-based qualification for high-value California properties.
The biggest mistake I see: borrowers show up with assets spread across 10 accounts. Consolidating funds before application can simplify underwriting fast.
Some lenders discount retirement accounts if you're under 59½. Know that going in. We match your asset profile to lenders whose guidelines actually fit it.
Bank Statement Loans work well if you have self-employment income running through business accounts. Asset Depletion is better when you've stopped drawing income entirely.
DSCR Loans are the go-to for rental properties. Asset Depletion fits primary and second homes where no rental income exists to offset the payment.
Belvedere is one of the wealthiest small cities in California. The buyer pool here skews heavily toward retirees and those with investment portfolios, not payroll income.
Loan amounts in Belvedere routinely exceed conforming limits. Asset Depletion programs can be structured as jumbo loans, which matters for the price points here.
Checking, savings, brokerage, and money market accounts typically count. Real estate equity and illiquid investments do not.
Lenders divide your total eligible assets by a set number of months — often 360. That result becomes your monthly qualifying income.
Yes. Asset Depletion works for primary residences and second homes. Terms and reserve requirements may be stricter on second homes.
Most lenders want 680 or higher. Stronger assets and larger down payments can sometimes offset a score in the high 600s.
Expect 3-5 weeks. Non-QM underwriting is more manual than conventional. Having clean, consolidated account statements speeds things up.
Yes, typically. Non-QM loans carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.