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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
Asset Depletion Loans in Sonora
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.
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.
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.
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.
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.
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.