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Asset Depletion Loans in Cotati
Do I need employment income to qualify for an asset depletion loan?
No. Asset depletion loans convert your liquid savings into qualifying income on a fixed monthly drawdown. Employment history is not required.
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Cotati's median home price is $760,000. Homes sell in about 29 days on average.
Asset depletion loans convert liquid savings into qualifying income on a fixed schedule. This matters in Cotati, where buyers often have substantial assets but non-traditional income sources.
680
Minimum credit score
50%
Maximum debt-to-income
9 months
Minimum reserves
$3,000,000
Loan amount cap
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For a primary residence, you need a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio.
For a primary residence, you need a minimum of 9 months in reserves. The program caps loan amounts at $3,000,000. The lender counts your liquid assets as monthly income, not your job history.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Cotati.
Cotati's median home price is $760,000. Homes sell in about 29 days on average.
Asset depletion loans convert liquid savings into qualifying income on a fixed schedule. This matters in Cotati, where buyers often have substantial assets but non-traditional income sources.
For a primary residence, you need a minimum 680 representative credit score. You also need a maximum 50 percent total debt-to-income ratio.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Asset depletion loans are a non-QM product written by a smaller set of wholesale lenders. SRK CAPITAL shops these loans across its wholesale lender network to find the best fit.
Underwriting focuses on the strength and liquidity of your savings. The lender will order bank statements, investment account statements, and proof of ownership to calculate your qualifying income.
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Asset depletion loans work well for Cotati buyers with substantial savings but self-employment or irregular income. At the $760,000 median price, liquid assets can convert into qualifying income under the program's rules.
The trade-off is documentation burden. If your income is clean W-2 employment, conventional or FHA will close faster.
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Conventional loans require employment verification and typically a down payment. Asset depletion loans skip employment entirely but demand proof of liquid savings.
If you have the assets but not the income history, asset depletion opens the door. If you have solid W-2 income, conventional will move faster.
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Sonoma Valley Unified School District hired 18 new teachers for 2026-27. That signals investment in schools that matter to families buying here.
Sonoma County's median household income is $102,840. Many Cotati buyers earn income from investments, rental property, or business ownership rather than W-2 jobs.
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Cotati sits in Sonoma County, where asset depletion lending has grown. More buyers retire or shift to self-employment in this region.
Asset depletion loans represent a small but important slice of the non-QM market. Brokers who specialize in alternative documentation have access to lenders who price these files competitively.
FAQ
No. Asset depletion loans convert your liquid savings into qualifying income on a fixed monthly drawdown. Employment history is not required.
Bank accounts, money market funds, stocks, bonds, and investment accounts all count. The lender will verify ownership with recent statements.
For a primary residence, a minimum of 9 months in reserves is required. Reserves are calculated after the asset depletion income is established.
Yes. The program caps loan amounts at $3,000,000 for a primary residence. Your credit score, debt-to-income ratio, and reserves determine approval.
SRK CAPITAL closes asset depletion loans in 17 to 21 days. Expedited files close in 10 days when documentation is complete upfront.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Sonoma County
Our team of licensed mortgage brokers works Sonoma County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Sonoma County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.