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Mount Shasta attracts retirees and cash-rich buyers who don't show traditional income. Asset depletion loans are built for exactly that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders use your liquid assets to calculate qualifying income instead.
Typically 680+
Min Credit Score
60–90 Days
Asset Seasoning
Often 20–30%
Down Payment
60–84 Months
Asset Depletion Term
Non-QM
Loan Category
Asset Depletion Loans in Mount Shasta
Lenders divide your eligible assets by a set number of months — typically 60 to 84 — to create a monthly income figure. That number drives your qualification.
Eligible assets usually include checking, savings, brokerage accounts, and retirement funds. Real estate equity and business assets rarely count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Mount Shasta.
Mount Shasta attracts retirees and cash-rich buyers who don't show traditional income. Asset depletion loans are built for exactly that profile.
This is a non-QM loan — meaning it falls outside standard Fannie Mae guidelines. Lenders use your liquid assets to calculate qualifying income instead.
Lenders divide your eligible assets by a set number of months — typically 60 to 84 — to create a monthly income figure. That number drives your qualification.
Most retail banks don't offer asset depletion loans. This program lives almost entirely in the wholesale and non-QM lender space.
We work with 200+ wholesale lenders at SRK CAPITAL. That matters here — non-QM guidelines vary sharply between lenders, and the right one makes a real difference.
The biggest mistake I see: borrowers assume all assets qualify equally. A lender may haircut your IRA to 70% and ignore your LLC account entirely.
Get your asset statements organized before you apply. Lenders want 2–3 months of statements showing consistent balances — gaps or large deposits raise flags.
Bank Statement Loans work well if you run a business with real monthly deposits. Asset depletion makes more sense when income is minimal but net worth is high.
DSCR Loans are another non-QM option — but those only work for investment properties. Asset depletion can be used on a primary residence in Mount Shasta.
Mount Shasta's buyer pool skews toward retirees, remote workers, and second-home buyers — groups that often lack W-2 income but hold significant assets.
Properties here can include cabins, rural parcels, and non-warrantable condos. Asset depletion lenders vary on property type — confirm eligibility before you go deep into underwriting.
Lenders divide total eligible assets by a set term — usually 60 to 84 months. That result becomes your monthly qualifying income.
Yes, but most lenders apply a discount — typically 70% of the account value. The remainder is then divided over the loan term.
Yes. Unlike DSCR loans, asset depletion can be used on primary residences, second homes, and investment properties.
Most non-QM lenders start at 680 for asset depletion. Higher scores improve your rate — rates vary by borrower profile and market conditions.
Most lenders require 60 to 90 days of seasoning. Large recent deposits without a paper trail will slow or kill your approval.
Some do, but lender appetite for rural and non-standard properties varies. Confirming property eligibility early saves a lot of time.