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Asset Depletion Loans in Fairfax
What credit score do I need for an Asset Depletion Loan in Fairfax?
Most lenders require a 620+ FICO score. Your retirement savings and liquid assets matter more than perfect credit here.
01
Fairfax sits in Marin County, where a mountaintop is opening to the public for the first time in decades. That kind of access matters to buyers who value outdoor living.
Asset Depletion Loans let you tap retirement savings to qualify when income alone falls short. This program works best for retirees and semi-retired professionals with substantial nest eggs.
620+
Minimum FICO
3%
Minimum Down Payment
45-60 days
Typical Closing
$142,785
County Median Income
02
Asset Depletion Loans use retirement account balances to qualify when income alone falls short. Lenders typically require a 620+ FICO score and count a portion of liquid assets as monthly income.
Down payments start at 3% for most borrowers, though some lenders ask for 5% depending on credit and assets. With Marin's median household income of $142,785, a typical buyer here can afford homes in the $800,000 to $1,100,000 range.
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 sits in Marin County, where a mountaintop is opening to the public for the first time in decades. That kind of access matters to buyers who value outdoor living.
Asset Depletion Loans let you tap retirement savings to qualify when income alone falls short. This program works best for retirees and semi-retired professionals with substantial nest eggs.
Asset Depletion Loans use retirement account balances to qualify when income alone falls short. Lenders typically require a 620+ FICO score and count a portion of liquid assets as monthly income.
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 offered by a smaller set of lenders than conventional or FHA programs. Brokers have better access to these loans because portfolio lenders and credit unions that specialize in asset depletion rarely maintain retail branches.
Underwriting focuses heavily on asset documentation—bank statements, brokerage statements, retirement account letters. Lenders want proof that the money is real and accessible.
04
Asset Depletion Loans shine for Fairfax buyers with substantial savings but lower current income. Retirees, semi-retired professionals, or those between jobs often qualify when conventional lenders would reject them outright.
The program stumbles when assets are thin or income is already strong enough to qualify conventionally. Use this tool only when savings are the approval engine.
05
Asset Depletion Loans versus FHA: FHA requires only 3.5% down and accepts lower credit scores. But FHA tacks on lifetime mortgage insurance if you put down less than 10%.
Asset Depletion Loans skip mortgage insurance entirely and let you use savings instead of a big down payment. This is a real advantage if your liquid assets exceed your income.
06
A privately owned Marin County mountaintop is opening to the public as open space for the first time in decades. That kind of infrastructure investment signals long-term community value for homebuyers in Fairfax.
Point Reyes Station is getting Bar Auklet, an ambitious seafood restaurant opening in the former Station House Cafe location. Local investment in dining and hospitality attracts buyers who want both community and lifestyle.
07
Asset Depletion Loans serve a specific niche in California's lending market. Retirees and semi-retired professionals with substantial savings drive demand for this program.
Marin County's high cost of living and strong retiree population make Asset Depletion Loans a practical tool here. Buyers with $800,000 to $1,100,000 purchase targets often find this program solves their qualification challenge.
FAQ
Most lenders require a 620+ FICO score. Your retirement savings and liquid assets matter more than perfect credit here.
Yes — 3% down is possible if your assets are strong and well-documented. Lenders vary on minimums based on your specific situation.
Lenders typically divide your account balance by 240 months to determine qualifying income. A $240,000 IRA counts as $1,000 per month in income.
Asset Depletion wins if you have substantial savings and want to skip mortgage insurance. FHA wins if you have limited cash and need the lowest down payment.
Typical timeline is 45 to 60 days once you submit clean asset documentation. Bank statements and brokerage letters are the critical documents.
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.
SRK CAPITAL in Marin County
Our team of licensed mortgage brokers works Marin County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
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.