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Asset Depletion Loans in Mountain View
Mountain View's tech-driven economy attracts professionals with substantial investment portfolios but non-traditional income streams. Asset depletion loans let you qualify for a mortgage using liquid assets like stocks, bonds, and retirement accounts instead of W-2 income.
This financing approach particularly benefits early retirees, equity-rich employees, and entrepreneurs in Santa Clara County who hold significant assets but lack steady paychecks. Lenders calculate a monthly income equivalent by dividing your asset balance across the loan term.
Rates vary by borrower profile and market conditions. These non-QM products provide flexibility that conventional programs cannot offer to asset-rich borrowers.
Lenders typically require 20-30% down payment for asset depletion loans. Your liquid assets must remain after the down payment and closing costs to demonstrate financial stability.
Most programs divide your total eligible assets by 60-360 months to establish monthly income capacity. Acceptable assets include brokerage accounts, 401(k)s, IRAs, and savings accounts. Real estate equity usually does not count toward qualification.
Credit score minimums generally start at 680, though some lenders accept scores as low as 620 with larger down payments. Recent bankruptcies or foreclosures may disqualify you temporarily.
Asset depletion loans require specialized non-QM lenders since Fannie Mae and Freddie Mac do not offer these programs. Not all California lenders provide this product, making broker relationships valuable for accessing multiple options.
Each lender applies different asset calculation methods and divisor periods. Some accept 70% of retirement account balances to account for tax liability, while others use higher percentages for taxable accounts.
Interest rates typically run 0.5-2% higher than conventional loans due to the non-traditional underwriting approach. Shopping multiple lenders becomes essential for securing competitive terms.
Mountain View borrowers often combine multiple asset types to maximize qualifying income. A balanced portfolio across taxable and retirement accounts provides the strongest application.
Timing matters when documenting assets. Market fluctuations can impact your qualifying amount, so lenders typically average account balances over 2-3 months. Plan your application when portfolio values remain stable.
Consider which assets to liquidate for your down payment. Selling appreciated securities triggers capital gains taxes, while tapping retirement accounts may incur penalties. Coordinate with your tax advisor before moving funds.
Bank statement loans work better for self-employed borrowers with consistent business revenue but limited personal assets. Asset depletion suits retirees and investors who hold substantial wealth but minimal monthly income.
DSCR loans serve investment property buyers using rental income for qualification. If you plan to occupy your Mountain View property, asset depletion provides a path when investment properties do not.
Foreign national loans help international buyers without U.S. credit or income documentation. If you hold U.S. assets and credit history, asset depletion typically offers better rates.
Santa Clara County property values make asset depletion loans particularly relevant. A modest Mountain View home may require $200,000-$300,000 down, demanding significant assets even before calculating qualification amounts.
Many tech employees accumulate restricted stock units and employee stock purchase plan holdings. These assets become eligible once vested and transferable, though lenders apply conservative valuations to concentrated positions.
California community property laws affect married borrowers differently than in other states. Both spouses' assets typically count toward qualification, but liabilities must also be considered regardless of whose name appears on accounts.
Yes. Lenders count retirement assets for qualification purposes without requiring withdrawal. You only need to liquidate enough for your down payment and reserves.
Most lenders average your account balances over 2-3 months to smooth out daily fluctuations. This approach protects both you and the lender from sudden market swings.
Liquid assets like stocks, bonds, and bank accounts qualify. Real estate equity, cryptocurrency, and personal property typically do not count toward asset depletion calculations.
Expect to submit 2-3 months of statements for all asset accounts, proof of funds for down payment, and credit authorization. Tax returns help verify asset sources.
Yes. Many borrowers add part-time income, Social Security, or pension payments to their asset-based qualifying income. This approach can improve your debt-to-income ratio.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.