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Truckee attracts serious buyers — retirees, remote workers, and investors with real money sitting in accounts. Many can't show traditional income on paper.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set number of months instead of checking pay stubs.
Typically 680+
Min Credit Score
20–30% typical
Down Payment
Non-QM
Loan Type
Assets ÷ 360 months
Income Method
Varies by profile
Rate
Asset Depletion Loans in Truckee
Lenders take your eligible assets — brokerage accounts, savings, retirement funds — and divide by a loan term, typically 360 months. That number becomes your qualifying income.
Expect to need strong credit, usually 680 or above. You'll also need enough assets to cover the down payment, closing costs, and reserves after the loan closes.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Truckee.
Truckee attracts serious buyers — retirees, remote workers, and investors with real money sitting in accounts. Many can't show traditional income on paper.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set number of months instead of checking pay stubs.
Lenders take your eligible assets — brokerage accounts, savings, retirement funds — and divide by a loan term, typically 360 months. That number becomes your qualifying income.
Asset depletion is a non-QM product. That means most big banks won't touch it. You need wholesale lenders who specialize in non-agency programs.
SRK CAPITAL works with 200+ wholesale lenders, including several who actively price and fund asset depletion loans in California mountain markets like Truckee.
One thing I see constantly: borrowers using only savings accounts when they qualify with brokerage assets too. That undersells their income significantly.
Different lenders discount retirement accounts differently. Some use 70%, others 60%. Which lender you pick changes your qualifying income — and your approval.
Bank statement loans work well if you run a business with consistent deposits. Asset depletion is better when income is sparse but assets are substantial.
DSCR loans fit rental property buyers. Asset depletion fits the buyer purchasing a Truckee vacation home or primary residence on investment portfolio wealth.
Truckee properties often include second homes and high-value cabins. These purchases frequently involve buyers who are retired or living off investment portfolios.
Nevada County has no county-level down payment assistance for non-QM loans. Come prepared with a real down payment — typically 20-30% for asset depletion.
Checking, savings, brokerage, and retirement accounts typically qualify. Lenders may discount retirement assets by 30-40%.
Yes. Asset depletion works for second homes and primary residences. Investment property eligibility depends on the lender.
Lenders divide eligible assets by the loan term, often 360 months. That monthly figure is treated as your income.
Yes. It's a non-QM loan with tighter reserve and credit requirements. Strong assets and good credit are non-negotiable.
No. Lenders verify the assets exist and are accessible. You don't need to cash them out to use them for qualification.