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Asset Depletion Loans in Santa Clara
Can I use retirement accounts to qualify for an Asset Depletion Loan?
Yes. The lender divides your retirement account balance by 360 months to calculate monthly qualifying income. IRAs, 401(k)s, and brokerage accounts all count toward your debt-to-income ratio.
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Santa Clara's median household income of $159,674 supports homes well above the county average. Asset Depletion Loans let retirees and those with substantial savings qualify based on portfolio income, not just W-2 wages.
Laurelwood Elementary's new Sunnyvale campus reflects ongoing school investment in the area. Buyers relocating for family or career can use retirement accounts and investment portfolios to meet qualification thresholds.
620+
Minimum FICO
10–20%
Down Payment Range
$159,674
County Median Income
17-21 days
Typical Close
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Asset Depletion Loans typically require 620+ FICO and 10% to 20% down. The program divides your liquid assets by 360 months to calculate monthly qualifying income, so substantial savings directly improve your debt-to-income ratio.
Santa Clara County's median household income of $159,674 means most retirees and semi-retired buyers here have portfolios large enough to qualify. The conforming limit for 2026 is $1,249,125, so this program works well for standard purchases in the area.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Santa Clara.
Santa Clara's median household income of $159,674 supports homes well above the county average. Asset Depletion Loans let retirees and those with substantial savings qualify based on portfolio income, not just W-2 wages.
Laurelwood Elementary's new Sunnyvale campus reflects ongoing school investment in the area. Buyers relocating for family or career can use retirement accounts and investment portfolios to meet qualification thresholds.
Asset Depletion Loans typically require 620+ FICO and 10% to 20% down. The program divides your liquid assets by 360 months to calculate monthly qualifying income, so substantial savings directly improve your debt-to-income ratio.
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.
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Asset Depletion Loans are offered by a smaller pool of lenders than conventional or FHA programs. Most brokers source them through portfolio lenders or specialty programs that underwrite retirement income differently.
Underwriting timelines run 17-21 days because the lender must verify asset history and calculate depletion income. Documentation includes bank statements, investment account statements, and sometimes a CPA letter confirming asset values.
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Asset Depletion Loans shine for Santa Clara buyers who've retired early or sold a business but don't have W-2 income yet. If you have $500,000+ in liquid assets and solid credit, this program often beats FHA because there's no mortgage insurance.
The trade-off is documentation burden and a slightly higher rate than conventional. For buyers with strong portfolios but limited employment history, the qualification flexibility makes the extra paperwork worth it.
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FHA loans require only 3.5% down but charge lifetime mortgage insurance on purchases with less than 10% down. Asset Depletion Loans typically need 10% down but skip mortgage insurance, saving money over the loan's life.
Conventional loans demand W-2 income and 20% down to avoid PMI. Asset Depletion Loans open the door for retirees and portfolio-rich buyers who don't fit the traditional employment mold.
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Sunnyvale and Santa Clara coordinated safe pedestrian routes for the new Laurelwood Elementary campus. Families buying in Santa Clara benefit from ongoing school infrastructure investment that supports long-term property values.
Asia Live at West Valley Fair Mall brings family-style Asian dining to the area. Santa Clara's retail and restaurant scene appeals to buyers seeking urban convenience with suburban accessibility.
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Asset Depletion Loans remain a niche product in California, offered by portfolio lenders and specialty underwriters. Demand has grown as early retirees and semi-retired professionals relocate to Santa Clara for its tech-sector proximity and quality of life.
Santa Clara County's high median household income attracts buyers with substantial portfolios. The conforming limit of $1,249,125 in 2026 means most local purchases qualify for Asset Depletion financing without jumbo overlays.
FAQ
Yes. The lender divides your retirement account balance by 360 months to calculate monthly qualifying income. IRAs, 401(k)s, and brokerage accounts all count toward your debt-to-income ratio.
Most lenders require 620+ FICO. Some portfolio lenders go as low as 600 with compensating factors like substantial assets or a larger down payment.
Typically 10% to 20%. The larger your down payment, the easier qualification becomes because the lender's risk decreases and your equity cushion grows.
No. Because you're putting down 10%+ and the lender verifies substantial liquid assets, there's no PMI or MIP. That's a major advantage over FHA.
Plan on 17-21 days. The lender needs 2–3 months of bank and investment statements to verify asset history and calculate your depletion income accurately.
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.