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Mill Valley attracts retired executives, sold-company founders, and portfolio investors. These buyers have real wealth — just not a W-2 to show for it.
Asset depletion lets lenders count your liquid assets as income. Divide your portfolio by a set term, and that becomes your qualifying monthly income.
680 (720+ for best rates)
Min Credit Score
20%
Min Down Payment
Non-QM
Loan Type
60 days minimum
Asset Seasoning
Vary by borrower profile
Rates
Asset Depletion Loans in Mill Valley
Lenders divide your eligible assets — cash, stocks, retirement accounts — over a loan term. That monthly figure is what they use to qualify you.
Most lenders want strong credit, typically 680 or higher. Down payments usually start at 20%. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Mill Valley.
Mill Valley attracts retired executives, sold-company founders, and portfolio investors. These buyers have real wealth — just not a W-2 to show for it.
Asset depletion lets lenders count your liquid assets as income. Divide your portfolio by a set term, and that becomes your qualifying monthly income.
Lenders divide your eligible assets — cash, stocks, retirement accounts — over a loan term. That monthly figure is what they use to qualify you.
Most retail banks won't touch asset depletion. This is a non-QM product, meaning it lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That matters here — asset depletion guidelines vary widely from one lender to the next.
The biggest mistake I see: borrowers assume all assets count equally. A brokerage account hits differently than a 401(k) in most lender calculations.
Some lenders also restrict asset types or require assets to stay liquid after closing. Know that before you pull statements.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion is the move when your income is truly portfolio-based.
For Mill Valley investors buying rentals, DSCR loans skip personal income entirely. That's a cleaner fit if the property cash flows on its own.
Mill Valley properties regularly push into jumbo territory. Asset depletion programs that cap loan amounts low won't serve most buyers here.
Marin County's buyer pool skews older and wealthier than most of California. Asset depletion is one of the most relevant loan tools in this market.
Cash, stocks, bonds, and retirement accounts typically qualify. Each asset type is counted differently depending on the lender's guidelines.
No. Lenders use your asset balance to calculate income. You keep the assets — they just verify they exist and are accessible.
They divide your eligible asset total by a set number of months. That figure becomes your qualifying monthly income for underwriting.
Yes. Social Security, rental income, or part-time income can stack on top. More income sources usually mean better loan terms.
Most lenders offer asset depletion at jumbo loan amounts. Specific limits depend on the lender — this is where having multiple options matters.
Asset depletion requires full documentation of your assets. Stated income loans — largely gone after 2008 — required no income proof at all.