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Asset Depletion Loans in Corte Madera
Can I qualify for an asset depletion loan on retirement savings alone?
Yes. Asset depletion loans count a portion of your liquid savings as monthly income. If you have $400,000 or more in accessible assets, you may qualify even without Social Security or pension income.
01
Corte Madera's median home price sits well above $1,200,000, putting it out of reach for many retirees on fixed income alone. Asset depletion loans let you count down savings as monthly income, opening doors that traditional underwriting closes.
A private mountaintop opening to the public for the first time in decades signals Marin's commitment to preserving access and character. That kind of stability matters when you're buying your retirement home here.
620
Minimum FICO
20% typical
Down Payment
45–60 days
Underwriting Timeline
$300,000+
Liquid Assets Required
02
Asset depletion loans let lenders count a portion of your liquid assets as monthly income. If you have $500,000 in savings, that might translate to $1,500–$2,000 in qualifying income each month, depending on your age and the lender's amortization schedule.
Most lenders require 620+ FICO and 20% down on asset depletion loans. Your total liquid assets must typically exceed the down payment by a meaningful margin to support the income calculation.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Corte Madera.
Corte Madera's median home price sits well above $1,200,000, putting it out of reach for many retirees on fixed income alone. Asset depletion loans let you count down savings as monthly income, opening doors that traditional underwriting closes.
A private mountaintop opening to the public for the first time in decades signals Marin's commitment to preserving access and character. That kind of stability matters when you're buying your retirement home here.
Asset depletion loans let lenders count a portion of your liquid assets as monthly income. If you have $500,000 in savings, that might translate to $1,500–$2,000 in qualifying income each month, depending on your age and the lender's amortization schedule.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
Asset depletion loans are a niche product. Fewer lenders offer them than conventional or FHA programs, and those who do often have stricter overlays on credit and reserves.
Underwriting timelines run 45–60 days because the lender must model your asset depletion schedule and verify liquid assets carefully. Retail banks rarely offer this product; portfolio lenders and some credit unions are your best bet.
04
Asset depletion loans make sense for retirees with strong savings but modest Social Security or pension income. In Corte Madera, where median home prices exceed $1,200,000, this is often the only path for cash-rich, income-light buyers.
If you're still working or have substantial W-2 income, conventional or jumbo loans will close faster and cost less. Asset depletion shines when traditional income doesn't exist.
05
Conventional loans require documented income and typically 20% down. Asset depletion loans skip the income requirement but demand larger liquid reserves and longer underwriting.
FHA loans accept lower credit scores and smaller down payments but carry lifetime mortgage insurance. Asset depletion avoids mortgage insurance entirely if you put 20% down, but you'll need more cash in the bank to qualify.
06
A private Marin mountaintop is opening to the public as open space for the first time in decades. That kind of infrastructure investment signals the county's commitment to preserving the character that drew you here in the first place.
Bar Auklet, an ambitious seafood restaurant, is opening in Point Reyes Station. New dining and cultural investment nearby adds to the appeal of settling in Marin for retirement.
07
Asset depletion lending in California remains steady but niche. Portfolio lenders and credit unions dominate because they can hold loans and accept the longer underwriting cycle.
Demand for asset depletion loans grows as Baby Boomers retire with savings but minimal income. Marin County's high home prices and affluent retiree population make it a natural market for this product.
FAQ
Yes. Asset depletion loans count a portion of your liquid savings as monthly income. If you have $400,000 or more in accessible assets, you may qualify even without Social Security or pension income.
Most lenders require 20% down. On a $1,200,000 home, that's $240,000. Some portfolio lenders may go lower, but reserves must be substantial to support the income calculation.
Expect 45–60 days. The lender must verify all liquid assets and model your depletion schedule carefully. That's longer than conventional (30 days) but necessary for this product.
No, not if you put 20% down. Unlike FHA loans, asset depletion loans at 80% LTV carry no mortgage insurance. Your rate and terms depend on credit and reserves, not insurance.
Most lenders require 620 FICO minimum. Some portfolio lenders may go lower with strong reserves. The exact floor varies by lender, so shop with multiple sources.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
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Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Marin County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.