Your Atherton Estate Awaits— Qualify With Assets, Not Tax Returns
You've built wealth through decades of smart investing. Your portfolio speaks for itself. Why should a bank demand tax returns when your assets tell the whole story? Asset depletion mortgages let your wealth work for you.
Peninsula Inventory Is Tight
Atherton and Hillsborough see fewer than 50 sales per year. When the right property appears, you need to move fast. Get pre-approved now.
Joe Shalaby
Founder & Senior Loan Officer
NMLS #139369
"The Peninsula is home to some of the wealthiest individuals in America—founders, VCs, executives who've built generational wealth. Many have complex tax situations that don't reflect their true financial strength. Asset depletion lets me see the full picture and get deals done that traditional lenders can't touch."
Why Peninsula Buyers Choose Asset Depletion
Founders & Executives
Your W-2 shows $1 salary. Your stock grants are worth $50M. Traditional lenders see a problem. We see the solution—asset depletion uses your portfolio as income.
Retired Investors
You've spent 40 years building a portfolio. Now you want to downsize to Hillsborough or upgrade in Atherton. Your assets qualify you—no employment required.
Complex Tax Situations
Carried interest, K-1s from multiple entities, deferred compensation—your tax returns are a maze. Asset depletion bypasses all of it.
How Asset Depletion Works
The Calculation
We take your eligible liquid assets and divide by the loan term (typically 360 months for a 30-year mortgage) to calculate monthly qualifying income.
Example:
$5,000,000 in liquid assets ÷ 360 months = $13,889/month qualifying income
This income is used to qualify you for the mortgage—no tax returns, no employment verification, no pay stubs required.
Eligible Assets
- Stocks, bonds, and mutual funds (100%)
- Retirement accounts - IRA, 401k (70%)
- Cash and money market accounts (100%)
- Vested stock options (varies)
- Cryptocurrency (select lenders)
Asset-Based Qualification
- Loan amounts up to $10M+
- No tax returns required
- No employment verification
- Interest-only options available
VA No Loan Limit
- No loan limit with full entitlement
- $0 down payment on any amount
- No PMI ever
- Combine with asset income
Recent Peninsula Closings
Retired tech founder. $12M portfolio, no W-2 income. Denied by First Republic (before collapse) and JPMorgan Private Bank. Closed in 28 days.
Navy veteran, now VC partner. Complex K-1 income. $0 down, no PMI on a $2.85M Old Palo Alto home. Closed in 30 days.
Retired physician couple. $8M in retirement accounts, minimal taxable income. Qualified using asset depletion. Closed in 25 days.
Questions from Peninsula Buyers
Can I qualify for a mortgage in Atherton using my stock portfolio?
Yes. Asset depletion mortgages let you qualify using liquid assets like stocks, bonds, and retirement accounts. We divide your assets by the loan term to calculate qualifying income—no tax returns required.
What's the VA loan limit in San Mateo County?
There is no VA loan limit for eligible veterans with full entitlement. You can finance a $5M Atherton estate with $0 down and no PMI if you have sufficient income or assets to qualify.