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Larkspur's waterfront location and proximity to San Francisco make it one of Marin's most sought-after addresses. The Marin County Fair returns this July with concerts and exhibits, drawing families who've chosen to stay.
Asset Depletion Loans let you qualify using liquid assets—stocks, bonds, savings accounts—instead of relying solely on W-2 income. This matters in Larkspur, where retirees, business owners, and professionals with irregular paychecks are the norm.
620–640
Minimum FICO
$142,785
Marin Median Income
$1,249,125
Conforming Limit (2026)
45–60 days
Typical Close
0.25–0.5%
Rate Premium vs. Conventional
Asset Depletion Loans in Larkspur
Asset Depletion Loans typically require 620+ FICO and 10–20% down, though some lenders accept 5% with compensating factors. The key difference: instead of proving 2 years of stable W-2 income, you show liquid assets.
Lenders calculate a monthly income from your assets by dividing the total by 240 (a 20-year depletion schedule). A $400K savings account becomes roughly $1,667/month in qualifying income.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Larkspur.
Larkspur's waterfront location and proximity to San Francisco make it one of Marin's most sought-after addresses. The Marin County Fair returns this July with concerts and exhibits, drawing families who've chosen to stay.
Asset Depletion Loans let you qualify using liquid assets—stocks, bonds, savings accounts—instead of relying solely on W-2 income. This matters in Larkspur, where retirees, business owners, and professionals with irregular paychecks are the norm.
Asset Depletion Loans typically require 620+ FICO and 10–20% down, though some lenders accept 5% with compensating factors. The key difference: instead of proving 2 years of stable W-2 income, you show liquid assets.
Asset Depletion Loans remain a niche product. Most big retail lenders (Chase, Wells Fargo, Bank of America) don't offer them. Smaller portfolio lenders and credit unions in California do, but underwriting standards vary widely.
Brokers have better access to these programs than retail banks. A broker can shop 8–12 lenders in a day; a bank's loan officer can only quote their own product.
Asset Depletion Loans make sense in Larkspur for retirees with $500K+ in savings and minimal W-2 income. If you're 65, retired, and sitting on $800K in CDs and brokerage accounts, this loan type opens purchasing power you'd lose with a conventional lender.
They don't make sense if you have stable W-2 income and just want to preserve assets. A conventional loan at the conforming limit of $1,249,125 will always be cheaper and faster.
Conventional loans require 2 years of documented income and typically 620+ FICO. Asset Depletion Loans use savings instead of income history. If you have $600K in the bank but only $30K annual income, conventional lenders say no.
The trade-off: Asset Depletion Loans take longer to close (documentation) and have stricter asset-verification rules. Conventional loans close in 30 days with a simple pay stub.
Hawk Hill's new trails in the Marin Headlands just opened—crushed-gravel loops around the decommissioned Nike Missile Site. For buyers considering Larkspur, this signals county investment in outdoor recreation.
Super Duper's third Marin location opened in nearby Corte Madera. It's a small sign, but it reflects the region's growth and appeal to younger professionals and families. Larkspur's position between Mill Valley and San Rafael makes it a natural hub.
Yes, but with penalties factored in. Most lenders allow IRAs and 401(k)s but reduce the qualifying value by 20% to account for early-withdrawal taxes. A $200K IRA counts as $160K. Some lenders won't touch retirement accounts at all.
Typically 5–10% for borrowers with strong assets and 620+ FICO. Some lenders require 15–20% if your FICO is 620–640 or if assets are borderline. The larger your asset base relative to the loan amount, the lower the down payment requirement.
45–60 days is standard. Underwriters spend extra time verifying account statements, reviewing asset history, and confirming no liens or claims on the funds. Conventional loans close in 30 days because income verification is simpler.
Yes. Self-employed borrowers with 2 years of tax returns can use income plus assets. If your business income is lumpy or declining, assets fill the gap.
Asset Depletion Loans typically run 0.25–0.5% higher than conventional because documentation is more complex. If conventional is 6.5%, expect 6.75–7.0% on Asset Depletion. Call for today's exact pricing—rates vary by lender and your specific profile.