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Rancho Cordova attracts retirees, tech consultants, and investors — people with serious assets but no W-2 to show a lender.
Asset depletion loans solve that problem. Lenders divide your liquid assets by a set loan term to calculate qualifying income.
Typically 680+
Min Credit Score
20% common
Down Payment
60-90 days
Asset Seasoning
Non-QM
Loan Type
Asset Depletion Loans in Rancho Cordova
Lenders typically require significant liquid assets — think brokerage accounts, savings, and retirement funds.
Credit requirements are stricter than conventional loans. Most lenders want a 680 or higher. Down payments usually start at 20%.
Big banks rarely offer asset depletion programs. This is a non-QM product — non-traditional mortgage outside standard agency rules.
Wholesale lenders that specialize in non-QM are where these programs live. That's exactly where SRK CAPITAL shops.
The biggest mistake I see: borrowers moving assets right before applying. Lenders want 60-90 days of statements showing stable balances.
Asset type matters too. Cash and brokerage accounts get full credit. Some lenders discount retirement accounts by 30-40% due to early withdrawal penalties.
Bank statement loans work if you have business income. Asset depletion works when your money sits in accounts, not flowing through a business.
DSCR loans are better for rental properties — they qualify based on rent, not assets. Asset depletion fits primary residence buyers with portfolios.
Sacramento County has a strong retiree population. Asset depletion is a natural fit for buyers leaving higher-cost Bay Area markets with cash proceeds.
Rancho Cordova's lower price points compared to coastal cities mean your assets can stretch further here. That matters when lenders calculate qualifying income.
Checking, savings, brokerage, and vested retirement accounts typically qualify. Illiquid assets like real estate or business equity usually don't count.
Lenders divide your total eligible assets by the loan term in months. That monthly figure becomes your qualifying income.
Some lenders allow it, but DSCR loans are usually a better fit for rentals. Asset depletion is strongest for primary residences.
No. Lenders use documented asset balances to calculate income. You keep your assets invested — nothing needs to be sold.
Yes. SRK CAPITAL works with non-QM wholesale lenders who actively lend in Rancho Cordova and throughout Sacramento County.
Asset depletion still requires full asset documentation. It's not no-doc — it's income-alternative using verified liquid assets.