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McFarland sits in Kern County's agricultural heartland. Many buyers here have real wealth but no W-2 to show a conventional lender.
Asset depletion loans solve that problem. Your liquid assets — savings, brokerage accounts, retirement funds — become your qualifying income.
Typically 680+
Min Credit Score
20-30% typical
Down Payment
No pay stubs needed
Income Docs
21-30 days
Est. Close Time
Asset Depletion Loans in McFarland
Lenders divide your eligible assets by a set term — often 360 months — to calculate monthly income. That number drives your approval.
Expect to need strong reserves, a solid credit profile, and a meaningful down payment. Most lenders want 20-30% down on asset depletion deals.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in McFarland.
McFarland sits in Kern County's agricultural heartland. Many buyers here have real wealth but no W-2 to show a conventional lender.
Asset depletion loans solve that problem. Your liquid assets — savings, brokerage accounts, retirement funds — become your qualifying income.
Lenders divide your eligible assets by a set term — often 360 months — to calculate monthly income. That number drives your approval.
Big retail banks rarely offer asset depletion programs. This is a non-QM product, and the wholesale lending market is where it lives.
As a broker with access to 200+ wholesale lenders, we shop this product across multiple non-QM shops. Pricing and asset calculation methods vary widely.
The biggest mistake borrowers make is assuming all lenders calculate assets the same way. They don't. One lender might exclude your IRA. Another counts it at 60%.
We match your specific asset mix to the lender whose formula gives you the highest qualifying income. That directly affects how much house you can buy.
Bank statement loans work well for self-employed borrowers with active business income. Asset depletion fits borrowers who are retired or simply living off savings.
DSCR loans are built for rental properties. Asset depletion is for primary residences and second homes where rental income isn't part of the picture.
Kern County has a strong agricultural economy. Landowners, farm operators, and agribusiness investors often accumulate significant assets without steady W-2 income.
Asset depletion is a natural fit for that borrower profile. If you've built wealth in Kern County outside traditional employment, this program was designed for you.
Checking, savings, and brokerage accounts typically count at full value. Retirement accounts are often discounted to 60-70% of their balance.
Yes. Asset depletion works for primary residences and second homes. It is not limited to investment properties.
Lenders divide eligible assets by the loan term — usually 360 months. The result is your imputed monthly income for underwriting.
No. Retirement helps, but any borrower with sufficient liquid assets can qualify. Employment status is not the deciding factor.
Yes, typically. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Non-QM loans often close in 21-30 days. Asset documentation review adds time, so gather statements early.