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Montague sits in Siskiyou County — rural, affordable, and a real option for retirees with serious assets but no W-2.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs needed.
Varies by lender
Min Credit Score
60 days minimum
Asset Seasoning
None
Income Docs Required
20–30%
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Montague
Lenders divide your liquid assets over a set term — often 60 to 360 months — to calculate monthly income.
Eligible assets typically include savings, brokerage accounts, and money market funds. Retirement accounts may qualify with restrictions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Montague.
Montague sits in Siskiyou County — rural, affordable, and a real option for retirees with serious assets but no W-2.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs needed.
Lenders divide your liquid assets over a set term — often 60 to 360 months — to calculate monthly income.
Big retail banks rarely offer asset depletion programs. This is a wholesale and non-QM lender product.
As a broker with access to 200+ wholesale lenders, we shop this program across multiple sources — rates and terms vary widely.
The borrowers I see win with this loan: retired professionals, sold-business owners, and investors living off portfolios.
One mistake I see constantly — people show up with assets tied in illiquid real estate. That doesn't count. Lenders want cash and securities they can verify.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion fits those with wealth but little cash flow.
DSCR loans serve rental property buyers. Asset depletion serves the buyer personally — based on what they own, not what a property earns.
Montague attracts buyers moving out of high-cost California metros — many arrive with strong equity from a prior sale.
That equity, once liquidated, can fuel an asset depletion qualification. Siskiyou County's lower price points mean smaller loan sizes and less asset draw required.
Checking, savings, brokerage, and money market accounts typically qualify. Real estate equity and illiquid assets generally do not.
No traditional income is required. The lender converts your assets into a calculated monthly income figure.
It depends on the loan amount and the lender's depletion formula. Lower home prices in Montague reduce how much you need.
Yes — it's one of the strongest fits for retirees with investment accounts and no current W-2 income.
Usually yes. Non-QM pricing carries a premium. Rates vary by borrower profile and market conditions.
Yes, in most cases. The funds must be in a verified, liquid account — typically for at least 60 days.