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Brisbane sits between San Francisco and the Peninsula tech corridor. Retirees with stock portfolios and early exits buy here without needing traditional income.
Asset depletion loans let you qualify using investment accounts, retirement funds, and liquid assets. Your brokerage statement replaces your paystub.
Asset Depletion Loans in Brisbane
Lenders divide your total liquid assets by 360 months to create a monthly income figure. A $2 million portfolio becomes $5,556 monthly qualifying income.
You need 620+ credit and proof of asset ownership through recent statements. Down payment requirements typically start at 20% for primary residences.
This is pure non-QM territory. Regional banks and credit unions won't touch these loans. You need wholesale lenders who specialize in asset-based qualifying.
About 40 of our 200+ lenders offer asset depletion programs. Each has different asset treatment rules for retirement accounts versus taxable accounts.
Most Brisbane buyers using asset depletion are splitting time between properties or retired early from tech. They have $1-3 million liquid but no paycheck.
Common mistake: showing enough assets but not enough qualifying income after the depletion calculation. Run the math before house hunting.
Bank statement loans work better if you have business income but poor tax returns. Asset depletion wins when you truly have no income stream to document.
Foreign national loans overlap for non-US citizens with offshore assets. DSCR loans make more sense for pure investment properties with rent rolls.
Brisbane's small housing stock means competition from all-cash buyers. Asset depletion lets you compete as a financed buyer while preserving investment positions.
Properties near Crocker Park and the hillside neighborhoods attract wealth-based buyers. Lenders familiar with San Mateo County know the play.
Stocks, bonds, mutual funds, retirement accounts, and savings all count. Lenders discount retirement accounts by 30% since you can't access them penalty-free until 59½.
Yes, but you'll need 25-30% down and higher rates. DSCR loans often work better if the property has rental income.
You provide 2-3 months of account statements showing consistent balances. They verify the accounts directly with your financial institution.
No. Lenders calculate theoretical income from your assets but don't require you to sell anything except for down payment and closing costs.
Most lenders start at 620, but you'll get better rates above 700. Asset strength can sometimes offset lower credit scores with some programs.