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Fairfax attracts retirees, artists, and early-exit founders — people with real wealth but no W-2. Asset depletion loans were built for exactly that profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Lenders calculate income from your liquid assets instead of pay stubs.
Typically 680+
Min Credit Score
Assets ÷ ~360 months
Asset Calculation
None (asset-based)
Income Docs Required
2–3 months
Statement History
Higher than conventional
Rate Type
Asset Depletion Loans in Fairfax
Lenders divide your eligible liquid assets by a set number of months — often 360 — to calculate monthly income. That figure is what they use to qualify you.
Not all assets count. Retirement accounts may be discounted 30-40%. Stocks, money market funds, and checking balances typically qualify at full value.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfax.
Fairfax attracts retirees, artists, and early-exit founders — people with real wealth but no W-2. Asset depletion loans were built for exactly that profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Lenders calculate income from your liquid assets instead of pay stubs.
Lenders divide your eligible liquid assets by a set number of months — often 360 — to calculate monthly income. That figure is what they use to qualify you.
Most retail banks won't touch asset depletion loans. This product lives almost entirely in the wholesale and non-QM lender space.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in non-QM programs for high-net-worth borrowers. That access matters on a product this niche.
The biggest mistake I see: borrowers assume all assets qualify equally. Each lender has its own asset eligibility rules. A brokerage account at one lender counts fully; at another, it's haircut 20%.
Get your asset statements organized before you apply. Lenders want 2-3 months of statements showing consistent balances. Gaps or large unexplained deposits will slow you down.
Bank statement loans use 12-24 months of deposits to calculate income. Asset depletion uses a balance snapshot. If your deposits look thin but your portfolio is strong, asset depletion wins.
1099 loans work well for freelancers with active income. Asset depletion is better when your earning days are behind you. The right call depends on what your financial picture actually looks like.
Fairfax sits in Marin County, one of California's priciest markets. Loan amounts here often push into jumbo territory. Asset depletion lenders need enough assets to support those larger balances.
The Fairfax buyer pool skews older and self-directed. Many came out of tech, consulting, or creative fields. Asset depletion is one of the few loan types that actually fits how these borrowers manage money.
Checking, savings, stocks, and money markets usually count. Retirement accounts often get discounted 30-40% depending on your lender.
No. Asset depletion loans are designed for borrowers with no active employment income. Your assets substitute entirely for income documentation.
Most non-QM lenders want 680 or higher. A stronger score means better rates. Rates vary by borrower profile and market conditions.
Yes, but lenders typically discount retirement accounts. Some require you to be at withdrawal age before counting them at all.
Larger loan amounts require proportionally larger asset pools. Your lender will confirm the exact asset-to-income ratio they apply.
Some lenders allow it on investment properties. Expect stricter guidelines and higher rates than on a primary residence purchase.