Asset Utilization Loans in Walnut Creek, California
An Asset Utilization loan qualifies borrowers using liquid assets instead of income documentation. It's built for retirees, high-net-worth borrowers, and anyone whose wealth sits in investments or savings rather than a paycheck.
Free, no obligation. You speak with Eric Rotner, not a call center.
“Eric is a very experienced lender with great communication. He’s wonderful to work with always meets timelines or beats them. Working with Eric is a pleasure and I recommend utilizing his services.” — Ca Perry
Benefits of an Asset Utilization loan
Qualify using your assets, not W-2 income or tax returns
No employment or income documentation required
Ideal for retirees and borrowers living off investment income
Eligible assets can include savings, brokerage accounts, and retirement accounts
Available for a primary residence, second home, or investment property
Fixed and adjustable-rate options available
Eligibility requirements
Enough eligible liquid assets to produce a qualifying monthly income, usually by dividing total assets over 60 to 84 months.
Minimum credit score, typically 680+
Standard down payment and reserve requirements apply
Property must meet lender criteria
Retirement account assets are typically discounted before being counted, commonly by 30%
The My Mortgage Ally Difference: Expert Guidance for Asset-Rich Borrowers
Not every qualified borrower has a W-2. At My Mortgage Ally, dedicated loan originator Eric Rotner brings 25+ years of mortgage experience to Asset Utilization lending, working through Cornerstone First Mortgage’s in-house underwriting to translate a borrower’s savings, brokerage accounts, and retirement funds into a qualifying income figure a lender can actually approve.
This program shows up often with retirees settling into Walnut Creek, Lafayette, and Danville, and with high-net-worth borrowers whose wealth is tied up in investments rather than a paycheck. We walk through your asset statements up front, so you know your qualifying income number before you’re under contract, not during underwriting.
Why Local Expertise Matters for Asset Utilization Financing in Walnut Creek
Big online lenders often can’t run an Asset Utilization file at all, or route it through a generic call center that doesn’t know the Bay Area market. We know buyers moving into Contra Costa County from out of state, or downsizing within it, need financing that reflects how they actually built their wealth.
If a straight Asset Utilization calculation doesn’t get you to the purchase price you want in Walnut Creek or San Ramon, our deep integration with Cornerstone First Mortgage lets us combine strategies, pairing assets with a Bank Statement or DSCR approach, without restarting your file. A pre-approval from our office at 1501 N. Broadway also gives listing agents confidence in a competitive offer, which matters as much in a 925-area luxury purchase as anywhere else.
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Frequently Asked Questions
1. How does an Asset Utilization loan calculate my qualifying income?
Your eligible liquid assets, such as savings, brokerage accounts, and discounted retirement funds, are totaled and divided over a set term, commonly 60 to 84 months. That monthly figure is used in place of W-2 or self-employment income.
2. Do retirement accounts count as assets for this program?
Yes, but typically at a discount. Retirement account balances are usually reduced before being counted, commonly by 30%, to account for early withdrawal penalties and taxes.
3. Is Asset Utilization only for retirees?
No. It’s common for retirees, but it also fits high-net-worth borrowers, recent business sale proceeds, or anyone whose income doesn’t show up on a traditional pay stub or tax return.
4. Can I use an Asset Utilization loan for an investment property?
Yes. The program can be used for a primary residence, second home, or investment property, depending on the specific lender guidelines.
5. Are you a mortgage broker or a direct lender for Asset Utilization loans?
My Mortgage Ally operates as both. Eric Rotner is a mortgage broker and banker, NMLS
#338424, working through Cornerstone First Mortgage, LLC, NMLS#173855. That gives us in-house underwriting plus access to additional asset-based programs through our wholesale lender panel.