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Dunsmuir is a small mountain town in Siskiyou County. Buyers here often include retirees and self-employed individuals with real assets but no W-2 income.
Asset depletion loans let lenders count your liquid assets as income. A retiree with $1M in savings can qualify without a single pay stub.
680+
Min Credit Score
Assets ÷ 360 months
Asset Calculation
None
Income Required
Non-QM
Loan Type
Asset Depletion Loans in Dunsmuir
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Most programs require a 680+ credit score. You'll also need assets held in verifiable accounts like brokerage, savings, or money market funds.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Dunsmuir.
Dunsmuir is a small mountain town in Siskiyou County. Buyers here often include retirees and self-employed individuals with real assets but no W-2 income.
Asset depletion loans let lenders count your liquid assets as income. A retiree with $1M in savings can qualify without a single pay stub.
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Most banks won't touch asset depletion loans. These are non-QM products — meaning they sit outside standard government guidelines.
Wholesale lenders that specialize in non-QM have built these programs specifically for asset-rich borrowers. Rate varies significantly by lender. Rates vary by borrower profile and market conditions.
The asset calculation method matters a lot. Some lenders use 360 months, others use 240. That difference can make or break your approval.
We've seen borrowers get denied at one lender and approved at another with the same assets. Matching the right lender to your asset profile is everything.
Bank statement loans work if you have business income flowing through accounts. Asset depletion works when the money is already there — sitting in savings or investments.
DSCR loans make sense for rental properties. Asset depletion is the better call for a primary or second home purchase with no active income.
Dunsmuir draws buyers looking for a quiet retreat along the Sacramento River. Many are cash-heavy retirees or remote workers with irregular income.
Properties here are priced modestly by California standards. Asset depletion buyers often have more than enough assets — they just need a lender who knows how to count them.
Savings, brokerage, and money market accounts typically qualify. Retirement accounts like IRAs may count at a reduced percentage.
Yes, but most lenders apply a 30–40% haircut to retirement accounts. The remaining balance is then spread across the qualifying period.
No. The asset calculation replaces income entirely. Your liquid assets do the qualifying work.
It can be. Second-home pricing and down payment requirements still apply. Your assets must be sufficient to cover both the purchase and ongoing reserves.
Most lenders divide eligible assets by 360 months. That monthly figure is treated as your gross monthly income for approval purposes.
Yes, typically. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.