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Asset Depletion Loans in Gridley
What assets count for an asset depletion loan?
Cash, savings, brokerage accounts, and retirement funds typically qualify. Retirement accounts usually count at 60–70% of their value.
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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
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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.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Gridley.
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.
Lenders divide your liquid assets over a set number of months. That monthly figure becomes your qualifying income.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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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.
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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.
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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.
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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.
FAQ
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.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Butte County
Our team of licensed mortgage brokers works Butte County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Butte County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.