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San Mateo sits in the heart of Silicon Valley wealth, where many homebuyers hold substantial assets but show irregular income. Retired executives, investors, and startup founders often own millions in stocks or crypto but struggle with traditional mortgage applications.
Asset depletion loans let you qualify by dividing your liquid assets into a monthly income stream. Some lenders now accept verified cryptocurrency holdings alongside traditional accounts.
Asset Depletion Loans in San Mateo
Most lenders want $500k minimum in verified liquid assets after your down payment and reserves. They divide that balance by 60-360 months to calculate your qualifying income, depending on the program.
You still need decent credit — typically 680 or higher. Lenders verify assets through recent bank and brokerage statements, usually 60 days' worth.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in San Mateo.
San Mateo sits in the heart of Silicon Valley wealth, where many homebuyers hold substantial assets but show irregular income. Retired executives, investors, and startup founders often own millions in stocks or crypto but struggle with traditional mortgage applications.
Asset depletion loans let you qualify by dividing your liquid assets into a monthly income stream. Some lenders now accept verified cryptocurrency holdings alongside traditional accounts.
Most lenders want $500k minimum in verified liquid assets after your down payment and reserves. They divide that balance by 60-360 months to calculate your qualifying income, depending on the program.
Only about 30 of our 200+ wholesale partners offer true asset depletion programs. Each lender uses different depletion periods and asset types, which creates massive rate variance.
Some lenders cap loan amounts at $2M. Others go higher but require larger asset reserves. A few now count crypto after third-party verification, but most still stick to traditional accounts.
I see two common mistakes. First, buyers assume all assets count equally — they don't. Retirement accounts face age penalties that reduce qualifying value. Second, people underestimate reserve requirements.
The best deals go to borrowers with 50%+ down and diverse asset types. If you're sitting on tech stock or Bitcoin gains, this beats selling and triggering capital gains just to show W-2 income.
Bank statement loans work better if you run a business with steady deposits. DSCR loans make sense for rental properties. Asset depletion shines when you hold significant wealth but no active income.
Rates run 0.5-1.5% higher than conventional loans. You're paying for underwriting flexibility — the ability to qualify without employment verification or tax returns.
San Mateo County has some of the highest asset concentration in the country. Many buyers here hold stock options, pre-IPO equity, or cryptocurrency that doesn't show as traditional income.
Property taxes and insurance run high, which affects debt ratios even with strong assets. We factor those into the depletion calculation to ensure you qualify comfortably.
Most lenders accept checking, savings, stocks, bonds, and mutual funds. Some count retirement accounts with age-based penalties. A few now accept verified cryptocurrency holdings.
They divide your total liquid assets by a depletion period, usually 60-360 months. Shorter periods create higher monthly income but require more assets to qualify.
Yes, but lenders typically reduce the value by 30-40% to account for early withdrawal penalties. The exact haircut varies by lender and account type.
Absolutely. Most programs require 6-12 months of reserves beyond the assets used for income calculation. Higher loan amounts demand larger reserves.
Asset depletion avoids triggering capital gains taxes and preserves your investment positions. You keep your portfolio intact while still qualifying for the mortgage.