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Redding attracts retirees and cash-rich buyers who don't draw a traditional paycheck. Asset depletion loans are built for exactly that profile.
This is a non-QM loan — meaning it falls outside standard government guidelines. Lenders calculate income from your liquid assets, not your W-2.
Typically 680+
Min Credit Score
Usually 20% min
Down Payment
60–360 months
Asset Divisor Range
None (asset-based)
Income Docs Required
Non-QM
Loan Type
Lenders divide your eligible assets by a set number of months — typically 60 to 360 — to calculate monthly income. That figure must support the loan payment.
Most lenders want a 680+ credit score and at least 20% down. Eligible assets usually include checking, savings, money market, and investment accounts.
Most banks won't touch asset depletion loans. This product lives in the wholesale and non-QM lending space — which is exactly where we operate.
We work with 200+ wholesale lenders, so we can shop the asset calculation methodology, not just the rate. How a lender counts your assets changes everything.
The biggest mistake borrowers make: assuming all lenders count assets the same way. One lender may use 60 months. Another uses 240. That gap can make or break approval.
Retirement accounts are trickier. Many lenders discount them 30–40% if you're under 59½. Bring your most recent 2–3 months of statements for every account you plan to use.
Bank statement loans work well for self-employed borrowers with active income. Asset depletion fits borrowers who are living off savings or a portfolio.
DSCR loans are for rental properties. Asset depletion works for primary homes, second homes, and investment properties depending on the lender.
Redding sees steady inflow of retirees from the Bay Area selling high-value homes and relocating. Those proceeds are exactly what asset depletion lenders want to see.
Shasta County's lower price points mean asset depletion can work here with a smaller asset base than in coastal California markets.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60–70% of their value.
No employment income is required. The calculated asset income replaces it for qualification purposes.
It depends on the loan amount and how many months the lender uses in their calculation. More assets and a longer divisor means lower qualifying income.
Yes — many Redding buyers use Bay Area home sale proceeds. The funds need to be seasoned and fully documented.
Yes. Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions.
Many lenders allow asset depletion on second homes and some investment properties. Terms vary by lender.
Asset Depletion Loans in Redding