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Clovis attracts retirees and high-net-worth buyers who hold serious wealth — but little or no W-2 income. Asset depletion loans exist for exactly this profile.
This is a non-QM loan. That means it falls outside conventional guidelines. Lenders qualify you on liquid assets instead of a pay stub.
680 (typical)
Min Credit Score
20–30%
Down Payment
60 days statements
Asset Lookback
Liquid assets
Income Source
Non-QM
Loan Type
Asset Depletion Loans in Clovis
Lenders take your eligible liquid assets and divide them over a loan term — typically 360 months. That monthly figure becomes your qualifying income.
Most lenders want a 680+ credit score and 20–30% down. Eligible assets usually include savings, brokerage accounts, and retirement funds at a discount.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Clovis.
Clovis attracts retirees and high-net-worth buyers who hold serious wealth — but little or no W-2 income. Asset depletion loans exist for exactly this profile.
This is a non-QM loan. That means it falls outside conventional guidelines. Lenders qualify you on liquid assets instead of a pay stub.
Lenders take your eligible liquid assets and divide them over a loan term — typically 360 months. That monthly figure becomes your qualifying income.
Most big retail banks don't offer asset depletion programs. This product lives in the wholesale and portfolio lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products like this. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers move assets right before applying. Lenders want 60 days of statements. Shuffling accounts triggers underwriting questions.
Document every account early. Lenders will discount illiquid assets — think real estate equity or business holdings. Stick to cash and marketable securities.
Bank statement loans work better if you run a business with strong monthly deposits. Asset depletion fits better when income is low but savings are deep.
DSCR loans are for rental properties — they qualify on rent, not personal assets. Asset depletion is for primary homes and second homes with no rental income.
Clovis sits in Fresno County, where property values are lower than coastal California. That actually helps — your assets stretch further here than in LA or the Bay Area.
The area draws retirees from pricier metros who sell high and buy in Clovis with cash-heavy portfolios. Asset depletion is a natural fit for that move.
Savings, checking, and brokerage accounts typically qualify in full. Retirement accounts are usually counted at 60–70% of their value.
Yes. Asset depletion loans work for primary residences and second homes. Most lenders in this space allow both.
Not necessarily. The calculated asset income replaces traditional income. Some lenders allow a hybrid of both income and assets.
Lenders divide your total eligible assets by the loan term in months — typically 360. That number becomes your monthly qualifying income.
Yes. Non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Asset depletion is not a stated-income product. Lenders verify and document your assets — they just convert them to income mathematically.