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Gridley is a small agricultural community in Butte County. Buyers here often have real wealth that doesn't show up on a tax return.
Asset depletion loans let lenders count your liquid assets as income. Retirees and self-employed buyers use this to qualify without W-2s.
620 typical
Min Credit Score
Substantial liquid assets
Asset Requirement
2 months typical
Asset Seasoning
None (assets only)
Income Required
Non-QM
Loan Type
Asset Depletion Loans in Gridley
Lenders divide your liquid assets over a set number of months. That monthly figure becomes your qualifying income.
Most lenders want at least 620 credit. Eligible assets include savings, brokerage accounts, and retirement funds after a haircut.
Banks don't offer asset depletion loans. This is a non-QM product, meaning wholesale lenders handle it.
We work with 200+ wholesale lenders at SRK CAPITAL. That reach matters — asset depletion guidelines vary widely by lender.
The biggest mistake I see: borrowers show up with illiquid assets. Real estate equity doesn't count here.
Vested stock in a private company won't work either. Stick to cash, publicly traded securities, and qualified retirement accounts.
Bank statement loans work if you're self-employed with active income. Asset depletion fits borrowers living off accumulated wealth.
DSCR loans are for rental properties only. If you're buying a primary home with no income stream, asset depletion is the right call.
Gridley has a strong farming economy. Many landowners and agri-business sellers carry significant liquid wealth with minimal reported income.
Butte County purchase prices are lower than coastal California. Smaller loan sizes mean lower asset thresholds to hit qualifying income.
Cash, savings, brokerage accounts, and retirement funds typically qualify. Retirement accounts usually count at 60–70% of their value.
No employment income is required. Your assets alone can serve as the income basis for the loan.
Lenders divide eligible assets by a set number of months — often the loan term. That monthly figure is your qualifying income.
Yes. Retirees with strong savings but no W-2 income are a primary use case for this program.
Most lenders require two months of account statements. Assets should be seasoned — not freshly deposited.
The income bar can be harder to clear. But for borrowers with real liquid wealth, this is often the only program that works.