Loading
Loading
Asset Depletion Loans in Mill Valley
Can I qualify for an asset depletion loan if I'm retired with no W-2 income?
Yes. Asset depletion loans are designed for retirees. Your savings and investments are divided by 240 or 360 months to create qualifying income.
01
Mill Valley's median home price sits well above Marin County's median household income of $142,785. Asset depletion loans count your savings and investments as qualifying income instead.
A privately owned mountaintop opening to the public signals long-term infrastructure investment. Buyers using asset depletion often have the financial cushion to compete in Marin's market.
620
Minimum FICO
10% to 20%
Down Payment Range
45–60 days
Typical Close
$1,249,125
2026 Conforming Limit
02
Asset depletion loans typically require 620+ FICO and 10% to 20% down. Your savings and investment accounts are divided by 240 or 360 months to create qualifying income.
Marin County's median household income of $142,785 buys a modest starter home here. Many buyers have substantial assets outside W-2 income, making asset depletion ideal for retirees and business owners.
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's median home price sits well above Marin County's median household income of $142,785. Asset depletion loans count your savings and investments as qualifying income instead.
A privately owned mountaintop opening to the public signals long-term infrastructure investment. Buyers using asset depletion often have the financial cushion to compete in Marin's market.
Asset depletion loans typically require 620+ FICO and 10% to 20% down. Your savings and investment accounts are divided by 240 or 360 months to create qualifying 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 niche products offered by portfolio lenders and some credit unions. Fannie Mae and Freddie Mac don't buy them, so rates and terms vary by lender.
Underwriting is slower than conventional because each lender has its own asset-depletion formula. Expect 45 to 60 days to close. Brokers with portfolio lender relationships can shop multiple programs.
04
Asset depletion makes sense in Mill Valley for retirees with substantial liquid assets and modest W-2 income. The 2026 conforming limit of $1,249,125 captures most Marin purchases.
For someone with strong income and minimal savings, conventional loans are cheaper and faster. Asset depletion shines when your net worth is real but your paycheck doesn't reflect it.
05
Conventional loans require either 20% down to skip PMI or a strong debt-to-income ratio. Asset depletion ignores your W-2 income entirely, letting you qualify on savings alone.
The tradeoff: asset depletion rates run higher and close slower. For buyers with both strong income and savings, conventional is usually cheaper.
06
Bar Auklet, an ambitious new seafood restaurant opening in Point Reyes Station, reflects local investment. Marin's food and wine scene draws residents and visitors, supporting property values.
The Marin County Fair runs July 1–5 each year with nightly fireworks. These recurring events matter to buyers thinking about lifestyle and community.
07
Asset depletion lending is a small slice of the California mortgage market. Most volume stays in conventional and FHA loans, which have broader lender participation.
Marin County's high home prices and affluent retiree population create steady demand. Brokers with portfolio lender relationships see consistent deal flow in this niche.
FAQ
Yes. Asset depletion loans are designed for retirees. Your savings and investments are divided by 240 or 360 months to create qualifying income.
Conventional loans qualify you on W-2 income and debt-to-income ratio. Asset depletion counts your savings as income instead. Asset depletion is slower and rates run higher.
Expect 45 to 60 days. Asset depletion is slower than conventional because each lender has its own asset-depletion formula.
The 2026 conforming limit for Mill Valley is $1,249,125. Most asset depletion lenders stay within conforming limits.
Asset depletion lenders typically require 10% to 20% down. PMI rules vary by lender. Some require 20% down to skip PMI; others allow PMI with 10% down.
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.