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Davis attracts retirees, academics, and investors with significant savings but no W-2. Asset depletion loans are built for exactly that profile.
This is a non-QM loan. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
~$500,000+
Typical Min. Liquid Assets
680+
Min. Credit Score
20%+
Min. Down Payment
60–360 months
Asset Depletion Term
Non-QM
Loan Classification
Asset Depletion Loans in Davis
Most lenders want at least $500,000 in verifiable liquid assets. Stocks, bonds, money market accounts, and retirement funds can qualify.
Credit score minimums typically start at 680 for asset depletion programs. Expect a down payment of 20% or more on most approvals.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Davis.
Davis attracts retirees, academics, and investors with significant savings but no W-2. Asset depletion loans are built for exactly that profile.
This is a non-QM loan. Lenders calculate income by dividing your liquid assets over a set term — typically 60 to 360 months.
Most lenders want at least $500,000 in verifiable liquid assets. Stocks, bonds, money market accounts, and retirement funds can qualify.
Big banks don't offer asset depletion loans. You need a non-QM wholesale lender — and there are real differences in how each one calculates your asset income.
Some lenders discount retirement accounts by 30%. Others count them at full value. That gap alone can determine whether you qualify.
The lender's asset depletion formula is the whole ballgame. Divide eligible assets by 60 months versus 360 months — that's a 6x swing in qualifying income.
Bring 3 months of statements for every account you want counted. Lenders will not accept screenshots or one-page summaries on non-QM files.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion is the right call when your income is minimal but your balance sheet is strong.
DSCR loans are the better fit for rental properties. Asset depletion is a personal-use mortgage tool — use it for a primary or second home purchase in Davis.
Davis has a high concentration of UC Davis faculty, retired professionals, and longtime homeowners with substantial investment accounts. Asset depletion was made for this demographic.
Yolo County home prices demand real purchasing power. If your assets support the payment calculation, you can compete in Davis without showing a single pay stub.
Checking, savings, stocks, bonds, and retirement accounts typically qualify. Illiquid assets like real estate equity do not count.
They divide eligible assets by a set number of months — often 60 to 360. A shorter term means higher qualifying income.
Yes, but many lenders apply a 30–40% discount to retirement accounts. The net eligible amount still counts toward your calculation.
Some lenders allow it, but DSCR loans are usually better suited for rentals. Asset depletion is strongest for primary and second homes.
Most non-QM lenders require at least a 680. Higher scores get better pricing — the rate gap between 680 and 740 is meaningful.
No. Any borrower with strong liquid assets and limited documented income can qualify. Retirees are common applicants, but not the only ones.