Loading
Loading
Asset Depletion Loans in Hillsborough
Can I qualify for an asset depletion loan if I'm retired?
Yes. Asset depletion loans are built for retirees without W-2 employment income. Your liquid assets convert into qualifying income on a fixed drawdown schedule.
01
Hillsborough's median home price sits at $6,500,000, with 28 homes currently listed. Price per square foot runs $1,770/sq ft.
An asset depletion loan converts your savings into qualifying income on a fixed schedule. This structure opens doors for retirees, business owners between ventures, and those with significant portfolios but limited W-2 earnings.
680
Minimum credit score
$3,000,000
Maximum loan amount
9 months
Minimum reserves
50%
Maximum debt-to-income
02
Asset depletion loans for a primary residence require a minimum 680 representative credit score and a maximum 50 percent total debt-to-income ratio. The program caps loan amounts at $3,000,000 for primary residences, well below Hillsborough's median price.
You'll need at least nine months of reserves documented in liquid accounts. Residual income must reach a minimum of $1,500 monthly after all obligations. These thresholds ensure the drawdown schedule sustains your payment capacity over time.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Hillsborough.
Hillsborough's median home price sits at $6,500,000, with 28 homes currently listed. Price per square foot runs $1,770/sq ft.
An asset depletion loan converts your savings into qualifying income on a fixed schedule. This structure opens doors for retirees, business owners between ventures, and those with significant portfolios but limited W-2 earnings.
Asset depletion loans for a primary residence require a minimum 680 representative credit score and a maximum 50 percent total debt-to-income ratio. The program caps loan amounts at $3,000,000 for primary residences, well below Hillsborough's median price.
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.
03
Asset depletion loans are a niche product offered by select lenders who specialize in alternative documentation. Brokers like SRK CAPITAL access wholesale lenders that underwrite on asset conversion rather than employment verification.
Underwriting focuses on the quality and liquidity of your assets and the drawdown math. SRK CAPITAL closes asset depletion files in 17 to 21 days, or 10 days when expedited.
04
Asset depletion loans make sense in Hillsborough for buyers with $3,000,000 or less in loan need and substantial liquid assets but limited W-2 income. The $6,500,000 median price means most purchases exceed the program's cap.
Conventional and FHA programs demand employment income documentation that retirees cannot provide. Asset depletion sidesteps that barrier entirely, converting your net worth into the income statement lenders need.
05
Conventional loans lean on documented employment history and traditional income verification. Asset depletion loans instead base qualification on your drawdown schedule and reserves.
FHA loans demand two years of self-employment history and tax returns. Asset depletion skips that documentation entirely, using bank statements to verify assets instead.
06
San Mateo Planning Commission recently recommended approval for Bespoke, a mixed-use development at the former Talbot's site downtown. That investment signals confidence in the area's long-term value.
San Mateo Union High School District approved a cellphone ban during the entire school day. For families in Hillsborough, that policy reflects the district's commitment to classroom focus.
FAQ
Yes. Asset depletion loans are built for retirees without W-2 employment income. Your liquid assets convert into qualifying income on a fixed drawdown schedule.
For a primary residence, the maximum loan amount is $3,000,000. Hillsborough's median price of $6,500,000 means most purchases exceed that cap.
You need a minimum of nine months of reserves in liquid accounts. Reserves are verified through bank statements and investment account documentation.
Asset depletion loans skip tax returns entirely. Underwriting centers on bank statements, investment account history, and proof of asset ownership.
You need a minimum 680 representative credit score for a primary residence. Your debt-to-income ratio cannot exceed 50 percent.
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 San Mateo County
Our team of licensed mortgage brokers works San Mateo 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 San Mateo 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.