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Asset Depletion Loans in Pacifica
Can I qualify for an asset depletion loan if I'm retired with no W-2 income?
Yes. Asset depletion loans are built for retirees. The program converts your liquid savings into qualifying income on a fixed drawdown schedule.
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Pacifica's median home price is $1,276,738, with homes moving in about 34 days. The county is seeing renewed investment in mixed-use development and local infrastructure.
Asset depletion loans let retirees tap liquid savings on a fixed drawdown schedule. This structure opens the door for buyers whose income has shifted but whose assets remain strong.
680
Minimum credit score
9 months
Minimum reserves
50%
Maximum DTI ratio
$3,000,000
Loan amount cap
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Asset depletion loans for a primary residence require a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio.
For a primary residence, you need a minimum of 9 months of reserves and a minimum of $1,500 in residual income. The loan amount caps at $3,000,000.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Pacifica.
Pacifica's median home price is $1,276,738, with homes moving in about 34 days. The county is seeing renewed investment in mixed-use development and local infrastructure.
Asset depletion loans let retirees tap liquid savings on a fixed drawdown schedule. This structure opens the door for buyers whose income has shifted but whose assets remain strong.
Asset depletion loans for a primary residence require a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio.
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.
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Asset depletion loans are a non-qualified mortgage product written by a smaller set of lenders. Brokers shop these files across wholesale partners because each lender's asset-conversion math varies.
Underwriting focuses on the asset schedule itself—how the drawdown is calculated and whether assets are truly liquid. SRK CAPITAL closes asset depletion loans in 17 to 21 days, or in 10 days when expedited.
04
Asset depletion loans make sense in Pacifica when a buyer has substantial liquid assets but limited W-2 income. The program converts that nest egg into qualifying income on a predictable schedule.
They don't work well if your assets are mostly home equity or retirement accounts. The program needs accessible liquid funds that the lender can verify.
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Conventional loans require documented income and typically ask for 5–10% down. Asset depletion loans skip the income requirement but demand proof of liquid assets.
FHA loans carry lower rates but still need income documentation. Asset depletion is the right fit when income is the bottleneck, not the down payment.
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The San Mateo Union High School District approved a cellphone ban during the entire school day. That policy matters to families weighing Pacifica as a place to raise kids.
Pillar Point Harbor is welcoming two new restaurants after a previous tenant dispute. These local improvements support the appeal of Pacifica's seaside location.
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San Mateo County's median household income is $156,000, supporting strong purchasing power in Pacifica. Buyers with liquid assets and lower current income often find asset depletion loans fill a gap.
The program appeals to buyers relocating to the coast for retirement. Pacifica's location and community investment make it attractive to this demographic.
FAQ
Yes. Asset depletion loans are built for retirees. The program converts your liquid savings into qualifying income on a fixed drawdown schedule.
Bank accounts, money market funds, stocks, and bonds count. Retirement accounts and home equity do not. The lender verifies every asset on bank statements.
For a primary residence, you need a minimum of 9 months of reserves. Reserves are liquid assets left over after your down payment.
For a primary residence, the loan amount caps at $3,000,000. The actual amount depends on your asset drawdown and debt-to-income ratio.
SRK CAPITAL closes asset depletion loans in 17 to 21 days. Expedited files close in 10 days.
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.