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Asset Depletion Loans in Suisun City
Suisun City attracts retirees and high-net-worth buyers who don't fit traditional income boxes. Asset depletion loans let you qualify based on liquid assets—stocks, bonds, retirement accounts—rather than W-2 income.
This program works for anyone with substantial savings but irregular income. Lenders divide your assets by the loan term to create a qualifying income stream that doesn't require tax returns or pay stubs.
Solano County's lower price points make asset depletion particularly effective here. A portfolio that might fall short in Napa easily qualifies you for waterfront homes near the marina.
Most lenders require 620+ credit and at least $500K in verifiable liquid assets. They'll count stocks, bonds, money market accounts, and sometimes 401(k)s or IRAs after applying a discount factor.
The calculation is straightforward: total assets divided by 360 months equals your qualifying income. A $1 million portfolio creates roughly $2,778 monthly income for qualification purposes.
Expect 20-30% down payment minimums. Lenders want skin in the game when you're qualifying on assets rather than employment, especially for investment properties.
Asset depletion lives in the non-QM space, so rates run 1-2% above conventional mortgages. You're paying for underwriting flexibility—not every lender offers this program.
Different lenders apply different depletion rates and asset discounts. One might count 70% of your IRA value while another uses 100%. Shopping lenders through a broker matters significantly here.
Some programs let you combine asset depletion with other income sources. If you have part-time consulting income plus a $750K portfolio, lenders can blend both for qualification.
I close asset depletion deals for three borrower types: early retirees with big portfolios, trust fund buyers, and business owners who write off everything. All have money but can't show traditional income.
The biggest mistake is liquidating assets for a larger down payment. Keep the portfolio intact—that's your qualifying income. Depleting it to 20% down defeats the whole strategy.
Timing matters with portfolio-based loans. If markets just tanked and your account statements show lower balances, wait for recovery. Lenders use the most recent quarter's average value.
Asset depletion beats bank statement loans when you have substantial savings but minimal cash flow. Bank statement programs need 12-24 months of consistent deposits—asset depletion just needs account balances.
DSCR loans work better for pure investment plays with tenants paying mortgages. Asset depletion makes sense for primary residences or second homes where rental income isn't the story.
Foreign national loans require larger down payments but accept international assets. If your portfolio sits offshore, that program might fit better than asset depletion's US-focused requirements.
Suisun City's waterfront properties attract exactly the borrower profile asset depletion serves—retirees downsizing from the Bay Area with equity to deploy. The marina district sees steady demand from this demographic.
Travis Air Force Base creates a military retiree population with pensions plus substantial TSP accounts. Asset depletion can leverage both income sources or use TSP balances alone for qualification.
Properties near downtown Suisun and the waterfront renovations sit in the $500K-$700K range. A $1.5 million portfolio comfortably qualifies you for these homes even with zero employment income.
Stocks, bonds, money markets, CDs, and sometimes retirement accounts with lender-specific discount factors. Cash in checking or savings counts at full value.
No—lenders use portfolio value to calculate qualifying income without requiring liquidation. Keep assets invested while using their value for loan approval.
Yes, asset depletion works for primary residences, second homes, and investment properties. Waterfront homes qualify as long as you meet down payment and credit requirements.
With 25% down, you'd need roughly $1.6-$2 million in assets depending on rates and other debts. The portfolio must generate enough qualifying income to cover the mortgage payment.
Most lenders count IRA and 401(k) balances at 60-70% of face value. The discount accounts for early withdrawal penalties you'd theoretically face.
Expect 1-2% higher than conventional rates. You're paying for underwriting flexibility and non-traditional qualification—typically 6.5-8% depending on credit and down payment.
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.