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Benicia attracts retirees, executives, and self-directed investors. Many have significant wealth — but no W-2 to show a lender.
Asset depletion loans solve that problem. Your savings, brokerage accounts, and retirement funds become qualifying income.
700+ typical
Min Credit Score
20% typical
Down Payment
Non-QM
Loan Type
60–360 months
Asset Division Term
Lenders divide your eligible assets by a set number of months — typically 60 to 360. That figure becomes your monthly income.
Most programs require a 700+ credit score and 20% down. Asset types that qualify include checking, savings, and taxable brokerage accounts.
Asset depletion is a non-QM product. Most retail banks won't touch it. You need a broker with access to wholesale non-QM lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in asset depletion programs with competitive terms.
The biggest mistake borrowers make: showing too little liquid assets at application. Lenders want to see documented balances — not estimates.
Restricted stock, illiquid real estate equity, and annuities typically don't count. Get your asset statements organized before you apply.
Bank statement loans work better if you have active business income. Asset depletion fits borrowers with wealth but little current cash flow.
DSCR loans require a rental property as collateral. Asset depletion works on a primary residence, second home, or investment property.
Benicia sits in Solano County, which has seen steady demand from Bay Area buyers priced out of Marin and Contra Costa.
Many buyers here are older, asset-rich, and cash-flow-light. Asset depletion loans are built exactly for that profile.
Checking, savings, and taxable brokerage accounts typically qualify. Retirement accounts may count at a reduced percentage.
Yes. Asset depletion works on primary residences, second homes, and investment properties. Guidelines vary by lender.
No traditional income is required. Your documented liquid assets serve as the income source for qualification purposes.
It depends on the loan amount and the lender's formula. More assets mean higher calculated income. Run the numbers before applying.
Standard loans use pay stubs or tax returns. Asset depletion divides your liquid assets over time to create a qualifying income figure.
Yes, typically. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Asset Depletion Loans in Benicia