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Asset Depletion Loans in Santa Rosa
Can I qualify for a mortgage on retirement savings alone?
Yes. Asset Depletion Loans divide your liquid assets by 360 months to create qualifying income. A $400,000 portfolio generates roughly $1,111 monthly income for underwriting.
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Santa Rosa's median home price sits near the 2026 conforming limit of $897,000. The Junction, a new beer garden downtown, signals ongoing investment in the city's lifestyle.
Asset Depletion Loans let you tap retirement savings to qualify without selling investments. This matters where many buyers have substantial assets but limited current income.
620
Minimum FICO
10% to 25%
Down Payment Range
45–60 days
Underwriting Timeline
$300,000+
Asset Requirement
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Asset Depletion Loans divide liquid assets by 360 months to create qualifying income. A borrower with $500,000 in savings gets roughly $1,389 monthly income for underwriting.
Credit scores typically start at 620, though 640+ is preferred. Down payments range from 10% to 25% depending on lender and asset position. Sonoma County's median household income of $102,840 means many retirees here have assets exceeding annual earnings.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Santa Rosa.
Santa Rosa's median home price sits near the 2026 conforming limit of $897,000. The Junction, a new beer garden downtown, signals ongoing investment in the city's lifestyle.
Asset Depletion Loans let you tap retirement savings to qualify without selling investments. This matters where many buyers have substantial assets but limited current income.
Asset Depletion Loans divide liquid assets by 360 months to create qualifying income. A borrower with $500,000 in savings gets roughly $1,389 monthly income for underwriting.
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 less common than conventional or FHA products. Brokers typically source these through portfolio lenders or specialized shops that understand retirement income.
Underwriting takes longer because assets must be documented and verified. Bank statements, brokerage statements, and proof of liquid funds replace tax returns. Lock periods are often 45 to 60 days.
04
Asset Depletion Loans shine for Santa Rosa buyers over 55 with substantial retirement savings but modest pensions. If you have $400,000+ in liquid assets and want to avoid selling appreciated stocks, this path works.
They don't make sense if you need to access those assets soon after closing. The 2026 conforming limit here is $897,000, so jumbo buyers face higher rates and stricter requirements.
05
Versus conventional loans, Asset Depletion avoids the need to show W-2 income or employment history. Conventional loans require stable employment or recent self-employment tax returns.
Versus FHA, Asset Depletion typically carries a higher rate but skips lifetime mortgage insurance. For a retiree with substantial savings, Asset Depletion often costs less over 30 years.
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The school district is facing budget pressures and arts program cuts. For retirees without school-age children, this signals tighter municipal finances across Sonoma County.
Medtronic's exit will remove over 300 jobs by 2028. Santa Rosa's downtown revival—The Junction, Graton Resort's new AYA restaurant—shows the city is investing in lifestyle and hospitality.
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Asset Depletion Loans remain a niche product in California. They are offered primarily by portfolio lenders and specialized shops.
Santa Rosa's retiree population and median home price near the conforming limit make it a natural fit. Brokers who work with retirement-focused buyers often see steady demand for this product.
FAQ
Yes. Asset Depletion Loans divide your liquid assets by 360 months to create qualifying income. A $400,000 portfolio generates roughly $1,111 monthly income for underwriting.
No. Asset Depletion Loans let you keep stocks, mutual funds, and bonds intact. The lender verifies the assets exist but doesn't require liquidation.
Most lenders start at 620 FICO, though 640 or higher is preferred. Some portfolio lenders go lower if your assets are substantial and liquid.
Down payments typically range from 10% to 25%, depending on the lender and your total liquid assets. Larger asset reserves often allow lower down payments.
Asset Depletion underwriting is slower than conventional—typically 45 to 60 days. Full asset documentation and verification take extra time compared to income-based loans.
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.