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Folsom attracts a lot of retirees and tech executives with serious cash reserves. Traditional income docs don't tell their full story.
Asset depletion loans — which qualify you based on liquid assets, not a paycheck — fit this borrower profile precisely.
680 (typical)
Min Credit Score
20% typical
Down Payment
60–84 months
Asset Depletion Term
Non-QM
Loan Type
Higher — varies
Rate vs Conventional
Asset Depletion Loans in Folsom
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 84 — to calculate imputed monthly income.
Most lenders want a 680+ credit score and 20% down. Eligible assets usually include checking, savings, stocks, and retirement accounts.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Folsom.
Folsom attracts a lot of retirees and tech executives with serious cash reserves. Traditional income docs don't tell their full story.
Asset depletion loans — which qualify you based on liquid assets, not a paycheck — fit this borrower profile precisely.
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 84 — to calculate imputed monthly income.
Asset depletion is a non-QM product. Most big banks don't offer it. You need a broker with access to specialty wholesale lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders — including several that specialize in non-QM programs for high-asset borrowers.
The biggest mistake I see: borrowers think all assets count equally. Lenders apply haircuts — often 30% — to stock portfolios.
Retirement accounts get additional discounts if you're under 59½. Know your net eligible number before you shop a price.
Bank statement loans work better if you run a business with steady deposits. Asset depletion works when cash flow is low but wealth is high.
DSCR loans fit investment properties. Asset depletion is for your primary or second home when income on paper doesn't match your reality.
Folsom's mix of master-planned communities and lake-view properties attracts buyers who've sold businesses or relocated from the Bay Area.
Many arrive cash-rich but income-light. Asset depletion is often the only path to financing without liquidating holdings to pay cash.
Most lenders accept checking, savings, stocks, bonds, and retirement accounts. Each asset type may be discounted differently.
Some lenders require a minimum income floor. Others qualify you on assets alone — it depends on the lender's guidelines.
Yes, but most lenders apply a larger discount if you're under 59½. Expect only 60–70% of that balance to count.
Lenders divide eligible assets by a set term — often 60 to 84 months. That result becomes your qualifying monthly income.
Yes, non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes. Asset depletion works for primary homes, second homes, and some non-owner-occupied properties depending on the lender.