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Asset Depletion Loans in Larkspur
Do I need current employment income to qualify for an asset depletion loan?
No. Lenders count your savings and investments as qualifying income instead. You divide your total liquid assets by 360 months to calculate monthly income.
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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 stable neighborhoods and long-term home values for buyers in Larkspur.
Larkspur sits in one of California's most expensive markets. Asset depletion loans let savers qualify without current employment income by converting liquid assets into monthly qualifying income.
620+
Minimum FICO Score
10–20%
Down Payment Range
$142,785
County Median Income
$1,249,125
2026 Conforming Limit
45–60 days
Typical Underwriting
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Most lenders require a 620+ FICO score for asset depletion loans. Some may go lower with substantial assets or a larger down payment.
Lenders count IRAs, 401(k)s, and other retirement accounts as liquid assets. You divide your total liquid assets by 360 months to calculate monthly 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.
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 stable neighborhoods and long-term home values for buyers in Larkspur.
Larkspur sits in one of California's most expensive markets. Asset depletion loans let savers qualify without current employment income by converting liquid assets into monthly qualifying income.
Most lenders require a 620+ FICO score for asset depletion loans. Some may go lower with substantial assets or a larger down payment.
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.
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Portfolio lenders and some brokers offer asset depletion programs in California. These lenders focus on borrower strength through documented savings rather than employment history.
Asset verification takes longer than conventional loans. Plan for 45 to 60 days of underwriting because lenders must review account statements and seasoning.
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Asset depletion loans make sense in Larkspur for retirees and savers with limited employment income. Marin's median household income of $142,785 supports homes well below the $1,249,125 conforming limit, so most buyers here have enough assets to qualify.
Conventional loans still cost less if you have current W-2 income. Asset depletion shines when employment is gone but savings are strong.
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Asset depletion loans skip the employment verification that slows conventional loans. You'll need substantial documented assets instead of recent pay stubs and tax returns.
Conventional loans run lower rates if you have current income. Asset depletion costs a bit more but opens the door when employment has ended.
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Bar Auklet, an ambitious seafood restaurant, is opening in Point Reyes Station's former Station House Cafe location. That kind of local dining investment signals growing demand and stable long-term values for Larkspur buyers.
A Marin tech entrepreneur is investing millions to preserve Point Reyes Station's historic character. Community investment in local character attracts buyers who plan to stay.
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Asset depletion lending in California focuses on borrower strength through documented savings. Portfolio lenders and select brokers specialize in this program because it requires careful asset verification.
Underwriting takes 45 to 60 days because lenders must review account statements and verify seasoning. That's longer than conventional but faster than stated-income alternatives.
FAQ
No. Lenders count your savings and investments as qualifying income instead. You divide your total liquid assets by 360 months to calculate monthly income.
Most lenders require a 620+ FICO score. Some may go lower with substantial assets or a larger down payment.
Yes. Lenders count IRAs, 401(k)s, and other retirement accounts as liquid assets. You'll need recent statements showing the account balance and ownership.
Typically 10% to 20% depending on the lender and your asset position. The larger your down payment, the more assets count toward income.
Expect 45 to 60 days. Asset verification and seasoning checks take longer than conventional loans. Plan accordingly if you have a deadline.
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.