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Delano sits in Kern County's agricultural core. Many residents here have real wealth — land, savings, investments — but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term, typically 360 months.
680 (typical)
Min Credit Score
20-30% typical
Down Payment
60-90 days
Asset Seasoning
Non-QM
Loan Category
Asset Depletion Loans in Delano
Lenders divide your eligible assets by the loan term to create a calculated monthly income. A $1.2M portfolio could generate $3,333/month on paper.
Most lenders want a 680+ credit score and 20-30% down. This is a non-QM loan — standards vary significantly by lender.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Delano.
Delano sits in Kern County's agricultural core. Many residents here have real wealth — land, savings, investments — but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set term, typically 360 months.
Lenders divide your eligible assets by the loan term to create a calculated monthly income. A $1.2M portfolio could generate $3,333/month on paper.
Asset depletion is a non-QM product. Most retail banks don't offer it. You're looking at specialty wholesale lenders and portfolio shops.
Guidelines differ sharply across lenders. One may haircut retirement funds by 30%. Another may exclude them entirely. Rates vary by borrower profile and market conditions.
The math matters here. Asset type, account ownership, and seasoning all affect what a lender will count. A joint brokerage account may only count 50%.
Retirees and agricultural landowners in Kern County are strong candidates. If your assets are documented and liquid, this loan often closes cleaner than expected.
Bank Statement Loans work if you have business income flowing through accounts. Asset depletion works when the money is already sitting there.
DSCR loans serve rental property investors. Asset depletion serves buyers who don't need rental income — they need to qualify on what they've already saved.
Kern County agriculture creates a specific borrower type — sellers of farmland, retiring owners, or heirs with inherited assets and limited income on paper.
As of April 2026, Delano's market is accessible compared to coastal California. That means asset depletion borrowers here can often cover down payment and still meet asset thresholds.
Checking, savings, brokerage, and retirement accounts typically qualify. Illiquid assets like real estate or business equity usually don't count.
Yes — if proceeds from a land sale are liquid and seasoned in a bank account. Lenders want 60-90 days of documented history.
No. Any borrower with sufficient liquid assets can apply. Retirees are common candidates, but self-employed and high-net-worth borrowers qualify too.
Lenders divide eligible assets by the loan term — often 360 months. That figure becomes your qualifying monthly income.
Rates are higher than conventional. It's a non-QM product. Rates vary by borrower profile and market conditions.
Often, but only at 50% of the balance. Lenders want to see your ownership share, not the full account total.