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Sausalito attracts buyers with serious wealth and no W-2. Retirees, executives, and investors often hold millions in liquid assets but show little taxable income.
Asset depletion loans exist exactly for this borrower. Lenders convert your portfolio into qualifying income — no employer required.
680+
Min Credit Score
20%+ typical
Down Payment
60–90 days
Asset Seasoning
None
Income Docs Required
Non-QM
Loan Type
Asset Depletion Loans in Sausalito
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That figure becomes your monthly income for qualification.
Most programs require a minimum credit score of 680. Expect a down payment of at least 20% on a primary residence.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Sausalito.
Sausalito attracts buyers with serious wealth and no W-2. Retirees, executives, and investors often hold millions in liquid assets but show little taxable income.
Asset depletion loans exist exactly for this borrower. Lenders convert your portfolio into qualifying income — no employer required.
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That figure becomes your monthly income for qualification.
This is a non-QM loan. Most retail banks and credit unions won't touch it. You need a broker with access to specialty wholesale lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in asset depletion programs built for high-net-worth California borrowers.
The biggest mistake I see? Borrowers count illiquid assets. Real estate equity and business ownership stakes won't qualify. Lenders want cash, stocks, and bonds.
Retirement accounts can count — but lenders typically apply a 30% haircut if you're under 59½. Factor that into your qualifying asset total before you apply.
If you have 12 months of business or personal bank deposits, a Bank Statement Loan may get you a better rate. Asset depletion works best when income is truly absent.
DSCR loans are the better call for rental properties. Asset depletion is strongest for primary residences and second homes in places like Sausalito.
Sausalito price points push most buyers into jumbo territory. Asset depletion lenders have jumbo options — but they tighten reserves and LTV requirements above $2M.
Floating homes along the waterfront add complexity. Not every lender will finance them. Make sure your lender clears the property type before you're under contract.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets do not.
Yes, but lenders usually apply a 30% discount if you're under 59½. Confirm the exact policy with your lender before applying.
Most lenders require 60 to 90 days of account history. Large recent deposits will trigger sourcing questions.
Asset depletion can work, but floating homes are a specialty property type. Not every lender will approve the collateral.
Bank statement loans use actual deposit history as income. Asset depletion is better when there are no regular deposits at all.
No. Lenders use the assets as a calculation — you keep the accounts intact. No liquidation required.