Loading
Asset Depletion Loans in Rio Vista
Rio Vista attracts retirees and investors with portfolio wealth but no W-2 income. These buyers often own multiple properties or sold businesses.
Asset depletion loans let you qualify using stocks, bonds, or retirement accounts instead of pay stubs. Lenders calculate monthly income by dividing your assets over the loan term.
This works well in Rio Vista's waterfront market where buyers have substantial savings but irregular income. Traditional underwriting misses these qualified borrowers entirely.
You need significant liquid assets—typically $500k minimum across all accounts. Most lenders require 620+ credit and 20-30% down depending on loan amount.
Qualifying income equals your total assets divided by 360 months (some lenders use 240). If you have $1.2 million in assets, that's $3,333 monthly qualifying income.
Cash and retirement accounts both count. Some lenders include 70% of stock portfolio value to account for market volatility.
Only non-QM lenders offer true asset depletion programs. Your local bank won't do this—they're stuck in the W-2 employment box.
Expect rates 1.5-2.5% above conventional loans. The spreads reflect higher perceived risk and specialized underwriting.
We work with 30+ lenders who handle asset depletion differently. Some accept IRAs at full value; others heavily discount them. Shopping this loan type matters more than conventional mortgages.
Most Rio Vista borrowers using asset depletion are buying second homes or downsizing from Bay Area properties. They sold a home or business and park proceeds in brokerage accounts.
The biggest mistake is not staging your accounts properly. Consolidate assets into easily verifiable accounts three months before applying. Moving money during underwriting triggers red flags.
I've closed these loans in 25 days when documentation is clean. But if you've got assets scattered across twelve accounts, expect 45+ days and significant paperwork hassles.
Asset depletion beats bank statement loans when you have no business to document. Retirees can't produce 12-24 months of deposits showing consistent income.
Foreign national loans require similar down payments but don't verify assets the same way. If you're a U.S. citizen with portfolio wealth, asset depletion typically offers better rates.
DSCR loans work for rental properties only. Asset depletion covers primary residences and second homes in Rio Vista's waterfront neighborhoods.
Rio Vista's waterfront properties often exceed Solano County median prices. Asset depletion commonly covers $600k-$1.2M purchases here.
This is a small market with limited comparable sales. Appraisals take longer than Sacramento suburbs. Plan an extra week for valuation.
HOA communities along the Delta require flood insurance. Factor that cost into your qualification—lenders include it in debt-to-income calculations.
Cash, checking, savings, money markets, stocks, bonds, and most retirement accounts qualify. Lenders typically discount stock values 20-30% for volatility.
Yes, most lenders count retirement accounts at 70-100% of current value. You don't withdraw anything—they're just calculating theoretical monthly income.
Expect 25-30 days with clean documentation, 45+ days if assets are scattered. Consolidating accounts before applying speeds approval significantly.
Yes, underwriters need 2-3 months of statements showing asset seasoning. Large recent deposits require source documentation to prevent money laundering.
Most lenders want 20-30% down. Higher asset levels sometimes justify 15% down, but that's lender-specific and rare.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.