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Fort Bragg attracts retirees, coastal property investors, and self-directed wealth holders. Many have real assets — but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 84 months.
680+
Min Credit Score
20%+ typical
Down Payment
60–84 months
Asset Division Term
None (asset-based)
Income Docs Required
Non-QM / Portfolio
Loan Type
Asset Depletion Loans in Fort Bragg
Lenders divide eligible assets by a loan term — often 60 months — to create a monthly income figure. That number must support your debt-to-income ratio.
Eligible assets typically include checking, savings, brokerage accounts, and retirement funds. Most lenders apply a haircut to retirement assets — often 30% to 40%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Fort Bragg.
Fort Bragg attracts retirees, coastal property investors, and self-directed wealth holders. Many have real assets — but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 84 months.
Lenders divide eligible assets by a loan term — often 60 months — to create a monthly income figure. That number must support your debt-to-income ratio.
Banks rarely offer asset depletion programs. This is a non-QM product — meaning it lives in the wholesale and portfolio lending space.
We work with 200+ wholesale lenders. A handful specialize in non-QM. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers move assets around right before applying. Lenders want 60 days of seasoned statements. Don't shuffle money the month before.
Asset type matters too. A $2M brokerage account qualifies differently than a $2M annuity. Know what counts before you apply.
Bank statement loans work if you have self-employment income flowing through accounts. Asset depletion works if income is minimal but wealth is substantial.
DSCR loans are better for pure rental investors. Asset depletion is better for personal residences or second homes funded by wealth — not rent.
Fort Bragg's coastal properties often serve as second homes or retirement residences. Asset depletion fits both use cases well.
Mendocino County properties can be harder to appraise due to limited comps. Pair that with non-QM underwriting and you need a lender comfortable with both.
Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of value after the lender's discount.
Yes. Second homes and primary residences both qualify. Investment properties are a harder fit — consider a DSCR loan instead.
Lenders divide eligible assets by a set number of months — often 60. That result becomes your monthly qualifying income.
No employment is required. That's the point. Lenders qualify you on what you own, not what you earn.
Most non-QM lenders want 680 or higher. Some go lower, but expect a higher rate and larger down payment.
Standard loans require verifiable income — W-2s or tax returns. Asset depletion replaces income with documented liquid wealth.