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Morgan Hill attracts retirees, tech executives, and business owners with serious wealth. Many don't show traditional W-2 income — but they have substantial liquid assets.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure from your assets. No job required.
Typically 680+
Min Credit Score
Assets ÷ 360 months
Asset Calculation
Not required
Income Verification
20–30%
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Morgan Hill
Lenders divide your eligible assets by a set number of months — often 360. That result becomes your qualifying monthly income.
You typically need strong credit, usually 680 or higher. Reserves after closing matter too. The more liquid your assets, the cleaner the file.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Morgan Hill.
Morgan Hill attracts retirees, tech executives, and business owners with serious wealth. Many don't show traditional W-2 income — but they have substantial liquid assets.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure from your assets. No job required.
Lenders divide your eligible assets by a set number of months — often 360. That result becomes your qualifying monthly income.
This is a non-QM loan. Most retail banks and credit unions won't touch it. You need a broker with access to specialty wholesale lenders.
We work with 200+ wholesale lenders. A handful specialize in asset depletion. Rates vary by lender — and the differences between them are real.
Not all assets count equally. Cash and brokerage accounts are clean. Some lenders discount IRAs and 401(k)s by 30-40% for qualification purposes.
Timing your application matters. If you recently sold equity or liquidated a position, document the source clearly. Lenders want a clean paper trail on every dollar.
Bank statement loans work better if you run a business with consistent monthly revenue. Asset depletion is the right call when income is truly minimal or irregular.
DSCR loans are for investment properties only. If you're buying a primary residence or second home in Morgan Hill, asset depletion is the cleaner path.
Morgan Hill sits in the southern end of Santa Clara County. Prices reflect Silicon Valley proximity. Larger loan amounts are common here.
Many buyers in this market come from tech liquidity events — RSU sales, IPO proceeds, or a business exit. That's exactly the borrower profile asset depletion was designed for.
Cash, checking, savings, and brokerage accounts typically qualify at full value. Retirement accounts may count at 60-70% depending on the lender.
Yes. Many lenders offer asset depletion on jumbo amounts. Expect stricter reserve requirements and higher credit score thresholds.
No. Lenders use your asset balance to calculate income. You keep the assets — they just verify the balance exists.
Lenders divide eligible assets by the loan term in months, often 360. That number becomes your monthly qualifying income for underwriting.
Yes. Second home purchases qualify. Rates vary by borrower profile and market conditions, and down payment requirements may be higher than on a primary residence.
Asset depletion is a non-QM product. Most retail banks don't offer it. A wholesale broker has access to lenders who specialize in this program.