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Los Altos remains one of Silicon Valley's most sought neighborhoods. Homes regularly exceed the 2026 conforming limit of $1,249,125.
Santa Clara University's new medical school partnership signals sustained regional investment. Asset Depletion Loans let retirees tap accumulated savings as qualifying income.
620+
Minimum FICO
10–25%
Down Payment Range
45–60 days
Typical Close Timeline
$159,674
County Median Income
Asset Depletion Loans in Los Altos
Asset Depletion Loans convert retirement accounts into qualifying income. Divide total liquid assets by 360 months to establish monthly income.
Lenders typically require 620+ FICO and proof of asset ownership. Down payments range from 10% to 25% depending on loan amount.
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.
Los Altos remains one of Silicon Valley's most sought neighborhoods. Homes regularly exceed the 2026 conforming limit of $1,249,125.
Santa Clara University's new medical school partnership signals sustained regional investment. Asset Depletion Loans let retirees tap accumulated savings as qualifying income.
Asset Depletion Loans convert retirement accounts into qualifying income. Divide total liquid assets by 360 months to establish monthly income.
Asset Depletion Loans remain a niche product with fewer lenders. Underwriting timelines run longer because each asset must be documented.
California brokers access portfolio lenders and specialty banks. Expect 45–60 days to close with detailed asset statements required.
Asset Depletion Loans shine for Los Altos buyers with substantial retirement savings. A retired executive with $2,000,000 in accounts can qualify without selling investments.
They don't work for buyers who need to preserve every dollar. If your savings fund living expenses, this loan forces a difficult choice.
Versus conventional loans, Asset Depletion Loans skip the W-2 income requirement. Conventional buyers must show recent employment; Asset Depletion borrowers show bank statements.
The tradeoff: Asset Depletion rates run slightly higher and down payments sit at 10–25%. Lender choice is also narrower, meaning fewer options to shop.
Mitchell Park Place, a 50-unit affordable housing development in nearby Palo Alto, signals regional commitment to housing diversity. For retirees relocating to Los Altos, this investment suggests stable long-term values.
Santa Clara University and Sutter Health are launching the Bay Area's first medical school in over 100 years. That $175 million investment anchors professional growth and reinforces Los Altos as a premier address.
Asset Depletion Loans represent a small but growing segment of California's mortgage market. Retirees and early-exit entrepreneurs increasingly use them to relocate without employment verification.
Lenders offering this product tend to be portfolio-based. That stability allows them to underwrite non-traditional income sources.
Yes. Asset Depletion Loans convert your retirement savings into qualifying income. Divide your total liquid assets by 360 months — that becomes your monthly income.
Most lenders require 620 FICO or higher. Some portfolio lenders accept 600–620 with compensating factors like substantial reserves.
Typically 10–25% depending on the lender and loan size. Larger down payments strengthen your application and may improve your rate.
Plan for 45–60 days. Asset verification takes longer than W-2 underwriting because lenders must review account statements and documentation.
Yes. Lenders count the assets toward your qualifying income, so they're committed to the loan. You cannot keep them fully liquid while using them to qualify.