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Shafter sits in Kern County's agricultural core. Retirees and asset-rich buyers here often can't show a W-2 — but they have real wealth.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs.
620–680+
Min Credit Score
Assets ÷ 360 months
Asset Formula
No
Employment Required
21–30 days
Typical Close Time
Asset Depletion Loans in Shafter
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
You typically need strong credit and significant reserves. Most lenders want at least 620, many want 680 or higher.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Shafter.
Shafter sits in Kern County's agricultural core. Retirees and asset-rich buyers here often can't show a W-2 — but they have real wealth.
Asset depletion loans let lenders count your liquid assets as income. No job required. No pay stubs.
Lenders divide your liquid assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Big retail banks rarely offer asset depletion. This is a non-QM product — wholesale lenders carry it, not your local branch.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find who actually prices this well for Kern County borrowers.
The math matters here. A borrower with $1.2M liquid gets roughly $3,333/month in qualifying income on a 360-month formula.
Not all assets count equally. Vested retirement accounts often get a haircut — sometimes only 70% of the balance is used.
Bank statement loans work better if you run a business with real monthly cash flow. Asset depletion fits those with wealth parked in accounts.
DSCR loans are the right call for rental properties. Asset depletion is for the borrower — not the property.
Kern County has a strong agricultural and oil economy. Landowners and retiring farmers often sit on significant liquid assets with no W-2.
Shafter's cost of living is lower than coastal California. That means your asset pool may stretch further here than in LA or the Bay Area.
Checking, savings, money market, stocks, and bonds typically qualify. Vested retirement accounts usually count at a reduced percentage.
No traditional income is required. Your assets are converted into a monthly income figure that lenders use to qualify you.
It depends on the purchase price and loan amount. We run the numbers specific to your asset balance and target property.
It's non-QM, which means different guidelines — not necessarily riskier. You still need strong credit and real assets.
Yes, vested retirement accounts count. Most lenders apply a discount — often 70% of the balance — before calculating income.
Non-QM loans typically close in 21-30 days. Having your asset statements ready speeds the process significantly.