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Asset Depletion Loans in Sonora
What assets qualify for an asset depletion loan?
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.
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Sonora attracts retirees, business owners, and high-net-worth buyers. Many have substantial assets but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — no employer required.
Typically 660+
Min Credit Score
Assets ÷ 360 months
Asset Calculation
None (asset-based)
Income Docs Needed
20–30%
Typical Down Payment
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Lenders divide your eligible assets by the loan term — often 360 months. That number becomes your qualifying monthly income.
Eligible assets typically include checking, savings, investment accounts, and retirement funds. Illiquid assets like real estate equity usually 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 Sonora.
Sonora attracts retirees, business owners, and high-net-worth buyers. Many have substantial assets but no W-2 income to show a lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term — no employer required.
Lenders divide your eligible assets by the loan term — often 360 months. That number becomes your qualifying monthly income.
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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Most retail banks don't offer asset depletion loans. This product lives in the non-QM wholesale market.
SRK CAPITAL works with 200+ wholesale lenders. We find which ones price this program competitively for Tuolumne County borrowers.
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The biggest mistake I see: buyers assume all their assets count at face value. Retirement accounts often get haircut 30–40% before calculation.
Bring a full picture of your accounts before we run numbers. The asset mix matters as much as the total balance.
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Bank statement loans work well if you're still operating a business. Asset depletion is the better fit if you've sold and are living off investments.
DSCR loans apply to rental properties — income comes from the property itself. Asset depletion covers your primary or second home purchase in Sonora.
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Sonora sits in the Sierra Nevada foothills. It draws buyers from the Bay Area and Central Valley looking for a slower pace and lower prices.
Many of those buyers are equity-rich from selling a primary home. Asset depletion fits that profile well — large cash position, no active income.
FAQ
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.
Lenders divide your total eligible assets by the loan term in months. That figure becomes your monthly qualifying income.
Yes. Most non-QM lenders allow asset depletion for primary residences and second homes. Investment property terms vary.
Requirements vary by lender. Most non-QM programs start around 660, but stronger asset profiles may offset a lower score.
Standard programs require documented pension or Social Security income. Asset depletion uses your savings balance itself as the income source.
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 Tuolumne County
Our team of licensed mortgage brokers works Tuolumne 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 Tuolumne 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.