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Galt sits in Sacramento County — affordable by California standards. That price point suits asset-rich borrowers who want to buy without showing a paycheck.
Asset depletion is a non-QM loan. Lenders convert your liquid assets into a monthly income figure instead of using W-2s or tax returns.
680+
Min Credit Score
20–30%
Down Payment
60 days statements
Asset Lookback
None
Income Docs Required
Non-QM
Loan Type
Asset Depletion Loans in Galt
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to calculate qualifying income. Higher asset balances produce stronger income figures.
Retirement accounts, brokerage accounts, and savings all count. Most lenders discount retirement assets by 30% to account for early withdrawal penalties.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Galt.
Galt sits in Sacramento County — affordable by California standards. That price point suits asset-rich borrowers who want to buy without showing a paycheck.
Asset depletion is a non-QM loan. Lenders convert your liquid assets into a monthly income figure instead of using W-2s or tax returns.
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to calculate qualifying income. Higher asset balances produce stronger income figures.
Most retail banks don't offer asset depletion. This is a wholesale and non-QM lender product. You need a broker with real access to non-QM paper.
Pricing varies sharply across lenders. One lender may require 720 credit and 25% down. Another takes 680 with 20% down. Shopping matters here.
The biggest mistake I see: borrowers move assets right before applying. Lenders want to see 60 days of statements. Shuffling accounts kills your paper trail.
Asset depletion works best when your assets are clean and liquid. Business accounts with mixed deposits create underwriting problems. Keep it simple.
Bank statement loans are the closest alternative. If you have business income flowing through accounts monthly, that program may show stronger qualifying numbers.
1099 loans work if you're a contractor with consistent earnings. DSCR loans apply only to investment properties. Asset depletion is the fit when income documentation simply doesn't exist.
Galt attracts retirees and semi-retired buyers from the Bay Area. Many carry significant investment portfolios but no current employment income. Asset depletion is built for exactly that profile.
Sacramento County has no special restrictions on non-QM lending. State licensing rules apply, but the loan structure itself is legal and fully documented in California.
Savings, brokerage, and retirement accounts typically qualify. Most lenders exclude illiquid assets like real estate equity or business interests.
Yes. Asset depletion works for primary homes, second homes, and investment properties. Guidelines vary slightly by occupancy type.
No traditional income is required. The calculated asset depletion figure serves as your qualifying income on the loan application.
It depends on the purchase price and loan amount. Your assets must generate enough monthly income — after the lender's formula — to cover the mortgage payment.
Yes, typically. Non-QM loans price above conventional. Rates vary by borrower profile and market conditions — shop multiple lenders.
Non-QM loans often close in 21 to 30 days with complete documentation. Having 60 days of clean statements ready speeds up underwriting significantly.