Loading
Petaluma attracts retirees, investors, and self-employed buyers with serious wealth. Many can't show traditional W-2 income — but they don't need to.
Asset depletion loans let lenders count your liquid assets as income. A large portfolio can qualify you without a single pay stub.
Typically 680+
Min Credit Score
Assets ÷ 360 months
Asset Conversion
None — assets only
Income Docs Required
20% or more
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Petaluma
Lenders divide your liquid assets by a set number of months — typically 360. That monthly figure becomes your qualifying income.
Eligible assets include checking, savings, brokerage accounts, and retirement funds. Illiquid assets like real estate equity don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Petaluma.
Petaluma attracts retirees, investors, and self-employed buyers with serious wealth. Many can't show traditional W-2 income — but they don't need to.
Asset depletion loans let lenders count your liquid assets as income. A large portfolio can qualify you without a single pay stub.
Lenders divide your liquid assets by a set number of months — typically 360. That monthly figure becomes your qualifying income.
Most banks won't touch asset depletion loans. This is a non-QM product — meaning it lives outside conventional lending guidelines.
Wholesale lenders who specialize in non-QM are where this product lives. We work with 200+ lenders, so we know exactly who prices these well.
The biggest mistake I see: buyers assume their retirement account counts dollar for dollar. Most lenders haircut retirement assets by 30-40%.
Get your asset statements current before applying. Lenders want 2-3 months of statements. Stale docs slow everything down.
Bank Statement Loans work if you run a business with cash flow. Asset depletion works if your wealth sits in accounts, not revenue.
DSCR Loans are better for rental properties. Asset depletion fits owner-occupied purchases and second homes in Petaluma better.
Petaluma draws Wine Country retirees and Bay Area transplants cashing out equity after decades of appreciation. Asset depletion is built for that profile.
Sonoma County properties can carry high price tags. A strong asset base often matters more than a paycheck when loan amounts climb.
Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of their value after lender discounts.
Some lenders accept trust assets if you have documented access and control. Not all lenders allow it — this varies by program.
Most non-QM lenders start at 680 for asset depletion. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Divide your target monthly payment by your asset income figure to reverse-engineer the requirement. Larger loan amounts need larger asset bases.
Yes. Many lenders allow asset depletion on second homes. Expect a slightly higher rate than a primary residence purchase.
Asset depletion is documented — lenders verify every account. Stated income loans no longer legally exist in their original form.