Loading
Los Altos attracts retired tech executives, angel investors, and founders sitting on significant liquid wealth. Traditional income verification misses these borrowers entirely.
Asset depletion converts your portfolio into qualifying income. Lenders divide eligible assets by a set number of months to calculate a monthly income figure.
680+
Min Credit Score
20% minimum
Down Payment
60 days required
Asset Seasoning
Non-QM
Loan Type
60–84 months
Depletion Window
Asset Depletion Loans in Los Altos
Lenders typically divide your liquid assets by 60 to 84 months to arrive at monthly income. A $3M portfolio could generate $35K–$50K in qualifying income per month.
Credit score requirements vary by lender, but most want 680 or higher. Down payments typically start at 20% for this loan type. Rates vary by borrower profile and market conditions.
Asset depletion is a non-QM product. That means banks and credit unions rarely offer it. You need a broker with access to specialty wholesale lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in high-net-worth borrowers in Silicon Valley. Rates and terms differ sharply between them.
The biggest mistake I see: borrowers assume all assets count equally. Vested stock, crypto, and annuities are often excluded or discounted. Stick to cash and brokerage accounts first.
Seasoning matters too. Most lenders want assets documented in accounts for at least 60 days. Moving money in the week before application will kill the deal.
Bank statement loans work if you run a business with consistent revenue. Asset depletion works when income is minimal but your balance sheet is strong.
DSCR loans are the right tool for rental properties. Asset depletion is for primary residences and second homes where rental income isn't part of the picture.
Los Altos sits in one of the most expensive ZIP codes in Santa Clara County. Loan amounts here often exceed conforming limits, pushing into jumbo non-QM territory.
Many local buyers hold concentrated equity in tech stock or private company shares. Those assets require careful structuring before lenders will count them toward qualification.
Cash, checking, savings, and brokerage accounts typically count. Retirement accounts often qualify at 70% of value if you're past withdrawal age.
Unvested options are excluded by most lenders. Vested shares in publicly traded companies may count if they've been seasoned at least 60 days.
It depends on the loan amount and lender formula. A $2M loan often requires $4M or more in eligible liquid assets after down payment and reserves.
Yes. Most non-QM lenders allow asset depletion on primary residences and second homes. Investment properties typically require a DSCR loan instead.
Non-QM underwriting runs 3–5 weeks in most cases. Having 60-day account statements ready upfront speeds things up considerably.
No. Retirement status isn't required. Any borrower with sufficient liquid assets and minimal documentable income can qualify.