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Asset Depletion Loans in Loomis
What assets qualify for asset depletion loans?
Liquid assets count — savings, brokerage, and retirement accounts. Real estate equity and business assets typically don't qualify.
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Loomis attracts retirees, self-employed professionals, and high-net-worth buyers. Many have serious wealth but no W-2 to show a traditional lender.
Asset depletion loans solve that. Lenders divide your liquid assets by a set number of months to create a qualifying income — no employer required.
680+ typical
Min Credit Score
20–30%
Down Payment
Assets only
Income Verification
240–360 months
Asset Formula Range
Non-QM
Loan Type
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Most lenders want to see significant liquid assets — think retirement accounts, brokerage accounts, or savings. Illiquid assets like real estate don't count.
Credit requirements are stricter here than on conventional loans. Expect lenders to want a 680 or higher. Down payments typically run 20% to 30%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Loomis.
Loomis attracts retirees, self-employed professionals, and high-net-worth buyers. Many have serious wealth but no W-2 to show a traditional lender.
Asset depletion loans solve that. Lenders divide your liquid assets by a set number of months to create a qualifying income — no employer required.
Most lenders want to see significant liquid assets — think retirement accounts, brokerage accounts, or savings. Illiquid assets like real estate don't count.
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.
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Asset depletion is a non-QM product. Most banks don't touch it. You won't find this at a credit union or your local retail branch.
Wholesale lenders who specialize in non-QM have the best pricing here. That's exactly where we shop — across 200+ lenders to find the right fit.
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The formula matters. One lender might divide assets over 360 months. Another uses 240. That difference changes your qualifying income dramatically.
Get your asset documentation clean before applying. Lenders want 2-3 months of statements. Transfers between accounts can complicate the paper trail fast.
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Bank statement loans work if you have business income flowing monthly. Asset depletion works when the money is already sitting in accounts.
DSCR loans are for rental properties only. Asset depletion covers your primary residence, second home, or investment — much more flexible.
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Loomis sits in Placer County, where properties range from rural acreage to suburban homes. Asset depletion borrowers here often buy larger parcels or equestrian properties.
Placer County has no shortage of cash-rich buyers who retired from tech or sold a business. This loan was built for exactly that profile.
FAQ
Liquid assets count — savings, brokerage, and retirement accounts. Real estate equity and business assets typically don't qualify.
They divide your eligible assets by a set number of months, often 240 to 360. That monthly figure becomes your qualifying income.
Yes, but most lenders discount it — typically to 70% of the balance. You also must be of retirement age or have access to the funds.
Yes. Asset depletion can cover primary residences, second homes, and investment properties, depending on the lender's guidelines.
Yes. Non-QM pricing carries a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
It depends on the purchase price and loan amount. Run the formula backward — divide what you need monthly by the lender's factor to find the asset floor.
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 Placer County
Our team of licensed mortgage brokers works Placer 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 Placer 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.