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Fort Jones sits in Siskiyou County — rural, affordable, and far from the W-2 economy that most lenders assume.
Retirees and asset-rich buyers here often can't show traditional income. Asset depletion loans are built for exactly that profile.
620+
Min Credit Score
20–30% typical
Down Payment
30–45 days
Est. Close Time
None traditional
Income Required
Asset Depletion Loans in Fort Jones
Asset depletion works by dividing your liquid assets over a set term — usually 84 to 360 months — to calculate qualifying income.
Lenders typically want 620+ credit and 20-30% down. The stronger your asset base, the more flexible the terms.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Fort Jones.
Fort Jones sits in Siskiyou County — rural, affordable, and far from the W-2 economy that most lenders assume.
Retirees and asset-rich buyers here often can't show traditional income. Asset depletion loans are built for exactly that profile.
Asset depletion works by dividing your liquid assets over a set term — usually 84 to 360 months — to calculate qualifying income.
Most local banks won't touch this loan type. Asset depletion is a non-QM product — it lives in the wholesale lending space.
We work with 200+ wholesale lenders. That means we can actually shop this loan and find who prices it best for your asset mix.
The biggest mistake I see: borrowers try to apply at a local credit union and get turned down flat.
Asset depletion underwriting varies a lot by lender. Some count 100% of retirement accounts. Others haircut them by 30%. That gap matters.
Bank Statement Loans work well if you have self-employment income flowing through an account. Asset depletion is for borrowers with wealth but minimal cash flow.
DSCR Loans are investment-property focused. If you're buying a primary home in Fort Jones with retirement savings, asset depletion is the cleaner path.
Fort Jones attracts buyers moving out of high-cost metros with equity to burn and no need to keep working. That's the asset depletion borrower.
Rural properties here can trigger appraisal challenges. Your loan structure matters less than finding a lender comfortable with Siskiyou County valuations.
Checking, savings, money market, and investment accounts typically qualify. Retirement accounts often count at 70% after a haircut.
Yes, but not every lender is comfortable with rural Siskiyou County. We find lenders who know how to handle these appraisals.
No traditional income is required. Your assets are converted into a calculated monthly income figure for underwriting.
It depends on the loan amount and term used. More assets means a higher calculated income and stronger approval odds.
Yes, typically. Non-QM loans carry a rate premium. Rates vary by borrower profile and market conditions.
Expect 30-45 days. Non-QM underwriting takes longer than conventional, especially on rural properties.