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Asset Depletion Loans in Woodside
Do I need current employment income to qualify for an Asset Depletion Loan?
No. Lenders count your savings and investments as qualifying income instead. You divide your total liquid assets by 360 months to calculate monthly income.
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San Mateo's Bespoke mixed-use project at the former Talbot's site just won planning commission backing. That kind of downtown investment signals confidence in the region's long-term appeal for homebuyers.
Woodside sits in San Mateo County where the median household income is $156,000. At that income level, buyers can comfortably afford homes in the $1,200,000 range with the right financing structure.
620+
Minimum FICO Score
10–20%
Down Payment Range
$156,000
County Median Income
$1,249,125
2026 Conforming Limit
45–60 days
Typical Underwriting
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Asset Depletion Loans require a 620+ FICO score. Lenders count your liquid assets—savings, investments, retirement accounts—as qualifying income by dividing total assets by 360 months.
Down payments typically range from 10% to 20% depending on your asset position. The larger your down payment, the more assets lenders can count toward your monthly income calculation.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Woodside.
San Mateo's Bespoke mixed-use project at the former Talbot's site just won planning commission backing. That kind of downtown investment signals confidence in the region's long-term appeal for homebuyers.
Woodside sits in San Mateo County where the median household income is $156,000. At that income level, buyers can comfortably afford homes in the $1,200,000 range with the right financing structure.
Asset Depletion Loans require a 620+ FICO score. Lenders count your liquid assets—savings, investments, retirement accounts—as qualifying income by dividing total assets by 360 months.
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 offered by portfolio lenders and some specialty mortgage banks. Retail banks rarely carry these programs, so working with a broker who has access to multiple portfolio lenders matters.
Underwriting takes 45 to 60 days because lenders verify asset seasoning and ownership. This is longer than conventional loans but faster than stated-income programs for savers with documented assets.
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Asset Depletion Loans shine for Woodside buyers who have substantial savings but limited W-2 income. Retirees, business owners between ventures, and high-net-worth individuals with irregular paychecks qualify easily here.
Above $1,249,125—the 2026 conforming limit—Asset Depletion Loans become the cleaner path than jumbo conventional. You avoid the tighter reserves and credit overlays that jumbo lenders impose.
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Conventional loans require current W-2 income and typically demand 20% down to avoid PMI. Asset Depletion Loans let you skip the PMI entirely at any down payment if your assets qualify.
FHA loans go lower on down payment (3.5%) but carry lifetime mortgage insurance. Asset Depletion Loans cost more upfront but eliminate that permanent insurance drag over the loan's life.
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San Mateo Union High School District banned cellphones during the entire school day. For families with school-age children, that policy signals a district focused on student engagement and learning outcomes.
Two new restaurants are coming to Pillar Point Harbor after a previous tenant dispute. That kind of waterfront dining expansion shows the county's continued investment in lifestyle amenities that support long-term home values.
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Asset Depletion Loans remain a niche product in California's mortgage market. Portfolio lenders and specialty banks dominate this space because they can hold loans on their books and accept the longer underwriting timelines.
Broker access is critical because retail banks rarely offer these programs. A broker with relationships to multiple portfolio lenders can shop your scenario and find the best terms for your specific asset profile.
FAQ
No. Lenders count your savings and investments as qualifying income instead. You divide your total liquid assets by 360 months to calculate monthly income.
Most lenders require a 620+ FICO score. Some may go lower with compensating factors like substantial assets or a larger down payment.
Yes. Lenders count IRAs, 401(k)s, and other retirement accounts as liquid assets. You'll need recent statements showing the account balance and ownership.
Typically 10% to 20% depending on the lender and your asset position. The larger your down payment, the more assets the lender can count toward income.
Expect 45 to 60 days. Asset verification and seasoning checks take longer than conventional loans. Plan accordingly if you have a closing deadline.
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.