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Saratoga sits in one of the wealthiest zip codes in Santa Clara County. High-net-worth buyers here often hold millions in liquid assets — but lack W-2 income that traditional loans require.
Asset depletion loans fix that problem. Lenders calculate a monthly income figure from your assets, then use that number to qualify you for the mortgage.
Typically 620+
Min Credit Score
20–30% common
Down Payment
None (asset-based)
Income Docs Required
Non-QM / Jumbo
Loan Type
Loan term in months
Asset Calc Window
Asset Depletion Loans in Saratoga
Lenders divide your eligible liquid assets by a set number of months — often 360 — to derive a monthly income figure. That number drives your debt-to-income ratio.
Eligible assets typically include checking, savings, brokerage accounts, and vested retirement funds. Illiquid holdings like real estate equity usually don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Saratoga.
Saratoga sits in one of the wealthiest zip codes in Santa Clara County. High-net-worth buyers here often hold millions in liquid assets — but lack W-2 income that traditional loans require.
Asset depletion loans fix that problem. Lenders calculate a monthly income figure from your assets, then use that number to qualify you for the mortgage.
Lenders divide your eligible liquid assets by a set number of months — often 360 — to derive a monthly income figure. That number drives your debt-to-income ratio.
Most banks won't touch asset depletion loans. They're a non-QM product, meaning they fall outside standard agency guidelines.
Wholesale non-QM lenders handle these deals — and each one calculates qualifying income differently. The spread in what you can borrow from lender to lender is significant.
Asset depletion is misunderstood — even by some loan officers. The key is how each lender treats retirement accounts. Some apply a haircut of 30–40% before dividing. Others don't.
Shopping this across multiple non-QM lenders isn't optional. It directly changes your qualifying income and your approved loan amount. One lender's rejection is another's approval.
Bank Statement Loans are the closest alternative. They work if you have consistent business deposits but don't show taxable income. Asset depletion works when income is truly minimal.
DSCR loans serve investors with rental properties. If you own income-producing real estate, that may be a cleaner path — but asset depletion remains the tool for pure wealth-based qualifying.
Saratoga buyers often come from tech exits, inheritance, or decades of investment gains. That profile maps directly onto asset depletion eligibility.
Purchase prices in this area push well above conforming limits. Asset depletion is typically paired with jumbo loan sizing, so expect lenders to scrutinize asset documentation closely.
Liquid assets — checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at a discount. Real estate equity usually does not.
Lenders divide eligible assets by the loan term in months. A $3M asset base divided by 360 produces an $8,333 monthly income figure.
Not necessarily. The asset calculation substitutes for income. Some lenders require at least some income; others work purely on assets.
Yes. Non-QM loans carry rate premiums over conventional loans. Rates vary by borrower profile and market conditions.
Yes — and that's the most common use case here. Most non-QM lenders offering asset depletion also handle jumbo loan amounts.
Pull statements 60–90 days before applying. Lenders want recent, consistent documentation with no large unexplained transfers.