Loading
Loading
Asset Depletion Loans in Los Altos Hills
Can I qualify for an Asset Depletion Loan if I'm retired?
Yes. Asset Depletion Loans are designed for retirees. Your retirement accounts count as qualifying income, divided by 360 months.
01
Los Altos Hills sits in Santa Clara County where the median household income is $159,674. Most homes here exceed the 2026 conforming limit of $1,249,125.
Asset Depletion Loans let you count retirement and investment accounts as qualifying income. This opens doors for retirees, business owners, and professionals with uneven earnings.
620+
Minimum FICO
10% to 20%
Down Payment Range
45–60 days
Underwriting Timeline
$159,674
County Median Income
02
Asset Depletion Loans typically require a 620+ FICO score and 10% to 20% down. The lender divides your liquid assets by 360 months and adds that to your monthly income.
Santa Clara County's median household income of $159,674 buys a solid home here. Most Los Altos Hills buyers have significant assets that can count toward qualification.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Los Altos Hills.
Los Altos Hills sits in Santa Clara County where the median household income is $159,674. Most homes here exceed the 2026 conforming limit of $1,249,125.
Asset Depletion Loans let you count retirement and investment accounts as qualifying income. This opens doors for retirees, business owners, and professionals with uneven earnings.
Asset Depletion Loans typically require a 620+ FICO score and 10% to 20% down. The lender divides your liquid assets by 360 months and adds that to your monthly income.
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 less common than conventional or FHA programs. Most portfolio lenders and credit unions offer them, but not all retail banks do.
Underwriting takes longer because the lender must verify your liquid assets. Expect 45 to 60 days from application to close.
04
Asset Depletion Loans make sense for Los Altos Hills buyers with strong savings but lower current income. Retirees, early-exit entrepreneurs, and professionals between jobs often qualify when conventional doesn't.
They don't work well if your assets are illiquid or if you need every dollar for down payment. The lender counts some assets toward qualification but still requires cash reserves at closing.
05
Conventional loans require your W-2 income to support the payment. Asset Depletion Loans convert your savings into qualifying income instead.
FHA loans work for lower-income buyers but carry lifetime mortgage insurance if down payment is under 10%. Asset Depletion Loans skip mortgage insurance entirely.
06
Laurelwood Elementary School just opened a new campus in nearby Sunnyvale. This signals strong school infrastructure investment across the region.
The Santa Clara Unified district's growth supports long-term property values here. New schools attract families and professionals, keeping demand steady.
07
Asset Depletion Loans remain a niche product in California's lending market. Portfolio lenders and credit unions dominate this space because they can hold loans in portfolio rather than sell them.
Demand for Asset Depletion Loans grows as California's population ages and more retirees seek to buy or refinance. Los Altos Hills, with its high median income and older demographic, sees steady interest in this program.
FAQ
Yes. Asset Depletion Loans are designed for retirees. Your retirement accounts count as qualifying income, divided by 360 months.
Most lenders require 620+ FICO. Some portfolio lenders may go lower with compensating factors like substantial liquid assets.
Typically 10% to 20% down. The exact amount depends on your assets, credit, and the lender's guidelines.
Asset Depletion underwriting takes 45 to 60 days. Asset verification adds time compared to standard conventional loans.
No. Asset Depletion Loans skip mortgage insurance entirely, unlike FHA loans with less than 10% down.
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 Santa Clara County
Our team of licensed mortgage brokers works Santa Clara 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 Santa Clara 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.