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Fairfield's job market is shifting. The Solano Workforce Board reports 2,100 jobs lost in 2026, including 69 layoffs at Jelly Belly's corporate campus. For retirees and older buyers, this backdrop makes income flexibility crucial.
Solano County's median household income sits at $99,994. That income level supports homes in the $600,000 to $750,000 range comfortably.
620
Minimum FICO
10% to 20%
Down Payment Range
45–60 days
Closing Timeline
No
Employment Required
$99,994
Solano County Median Income
Asset Depletion Loans in Fairfield
Asset depletion loans require 620+ FICO and typically 10% to 20% down. The lender divides your liquid savings by 360 months (30 years) and counts that monthly figure as qualifying income.
Solano County's $99,994 median household income translates to roughly $8,333 per month gross. Asset depletion borrowers often have less monthly W-2 income but substantial retirement accounts.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfield.
Fairfield's job market is shifting. The Solano Workforce Board reports 2,100 jobs lost in 2026, including 69 layoffs at Jelly Belly's corporate campus. For retirees and older buyers, this backdrop makes income flexibility crucial.
Solano County's median household income sits at $99,994. That income level supports homes in the $600,000 to $750,000 range comfortably.
Asset depletion loans require 620+ FICO and typically 10% to 20% down. The lender divides your liquid savings by 360 months (30 years) and counts that monthly figure as qualifying income.
Asset depletion loans are a niche product. Most retail banks don't offer them; portfolio lenders and credit unions lead the market. Brokers can access these loans through specialized wholesale channels that cater to non-traditional income profiles.
Underwriting moves slower than conventional loans because the lender must verify savings, calculate depletion income, and assess longevity risk. Expect 45 to 60 days to close.
Asset depletion loans make sense in Fairfield for retirees with $300,000+ in liquid savings and minimal W-2 income. The Jelly Belly layoffs and broader job losses in Solano County mean more older workers are leaving employment early.
They don't work for buyers with strong W-2 income. Conventional loans will always be cheaper and faster. Asset depletion is the answer when your savings are real but your paychecks aren't—not a substitute for traditional income.
Conventional loans require employment history and W-2 income verification. Asset depletion loans skip that entirely, counting savings instead. The tradeoff: conventional rates run lower, but you must have a job.
If you're retired and have savings, asset depletion opens the door. If you're still working, conventional is cheaper and faster. The choice depends on whether your income comes from paychecks or a bank account.
Solano County's 2026 Restaurant Week and the Martini Trail across Vacaville, Suisun, Dixon, and Benicia signal an active lifestyle market.
The Solano Watershed Explorers program serves 1,800 third-graders, showing strong schools and family engagement. For retirees downsizing or semi-retired buyers with grandchildren, Fairfield's schools and outdoor programs add real value to the purchase...
The lender divides your liquid savings by 360 months. A $300,000 account becomes $833 monthly qualifying income. That figure counts toward your debt-to-income ratio, letting you qualify without W-2 paychecks.
No. You need substantial liquid savings and minimal W-2 income. Semi-retired workers, early retirees, and self-employed buyers with low documented income all qualify if savings are large enough.
Most lenders require 620+ FICO. Some portfolio lenders go as low as 600 with compensating factors like large savings or low debt. Call for your specific lender's floor.
Typically 10% to 20%. Asset depletion loans carry higher risk, so lenders want skin in the game. Larger down payments improve approval odds and may lower your rate.
Expect 45 to 60 days. Asset depletion underwriting is slower because the lender must verify savings, calculate depletion income, and assess longevity risk. Documentation is heavier than conventional.