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Sonoma attracts a lot of retired and semi-retired buyers. Many have significant wealth but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders convert your liquid assets into a monthly income figure for qualifying purposes.
Typically 680+
Min Credit Score
Assets ÷ 360 months
Income Method
Non-QM
Loan Type
12–24 months post-close
Reserves Required
Higher than conventional
Rate Note
Asset Depletion Loans in Sonoma
Lenders divide your eligible assets by a loan term — typically 360 months. That number becomes your qualifying monthly income.
Most programs want 12-24 months of reserves after closing. Credit requirements vary but expect a 680 minimum at most lenders.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Sonoma.
Sonoma attracts a lot of retired and semi-retired buyers. Many have significant wealth but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders convert your liquid assets into a monthly income figure for qualifying purposes.
Lenders divide your eligible assets by a loan term — typically 360 months. That number becomes your qualifying monthly income.
Asset depletion is a non-QM product. That means traditional banks rarely offer it. You need a lender with a non-QM shelf.
We work with 200+ wholesale lenders. Several specialize in asset depletion for high-net-worth borrowers. Rate and terms vary sharply across them.
Not all assets qualify equally. Retirement accounts often get a haircut — lenders may count only 60-70% of the balance.
Crypto, illiquid real estate equity, and business accounts usually don't count. Stick to documented, liquid, accessible funds.
Bank statement loans work well if you have self-employment income flowing monthly. Asset depletion works when income has stopped entirely.
DSCR loans are for investment properties only. If you're buying a primary home or second home in Sonoma, asset depletion is the cleaner path.
Wine country properties in Sonoma can carry high price tags. Asset depletion loans can go into jumbo territory, which fits the local market well.
Second home buyers are common here. Many asset depletion lenders allow second home financing, though rates will be slightly higher than primary.
Checking, savings, brokerage, and vested retirement accounts typically qualify. Illiquid assets like real estate equity or business accounts usually do not.
Most lenders divide your eligible assets by 360 months. That figure is treated as your monthly income for debt-to-income calculations.
Yes. Many non-QM lenders allow asset depletion on second homes. Expect a slightly higher rate than a primary residence purchase.
No. You just need significant liquid assets. Some borrowers are between jobs, semi-retired, or have income that's hard to document.
They're non-QM, so underwriting is more manual. Strong assets, good credit, and clean documentation matter a lot. No approval is guaranteed.
Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions, so compare across multiple lenders.