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Taft sits in Kern County oil country. Retirees and longtime asset holders are common here.
Asset depletion loans let those borrowers qualify without a paycheck. Liquid assets do the work instead.
Typically 640+
Min Credit Score
Usually 20%+
Down Payment
None (assets only)
Income Required
Non-QM
Loan Type
Asset Depletion Loans in Taft
Lenders divide your liquid assets by a set number of months. That math produces your qualifying monthly income.
Most lenders want strong credit and significant reserves. Expect a 640+ credit score minimum and 20%+ down.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Taft.
Taft sits in Kern County oil country. Retirees and longtime asset holders are common here.
Asset depletion loans let those borrowers qualify without a paycheck. Liquid assets do the work instead.
Lenders divide your liquid assets by a set number of months. That math produces your qualifying monthly income.
Big retail banks rarely offer asset depletion programs. This product lives in the wholesale and non-QM space.
SRK CAPITAL shops across 200+ wholesale lenders. That reach matters on a niche product like this.
The asset calculation method varies by lender. One lender divides by 60 months. Another uses 84. That gap changes your qualifying income significantly.
Retirement accounts often get a haircut — lenders may count only 70% of IRA balances. Know that before you plan your numbers.
Bank statement loans work better if you have active self-employment income. Asset depletion fits borrowers who are retired or have stopped drawing a salary.
DSCR loans require rental income. Asset depletion requires neither income nor tenants — just documented liquid assets.
Kern County has deep roots in oil and agriculture. Many local borrowers built wealth through those industries and now hold assets rather than salaries.
Taft home prices tend to be lower than coastal California. That works in your favor — your assets stretch further here.
Checking, savings, stocks, and retirement accounts typically qualify. Illiquid assets like real estate equity do not count.
They divide your total eligible assets by a set number of months. That figure becomes your monthly qualifying income.
Yes. This program was built for borrowers without active employment income. Retirees are the primary use case.
Yes, typically. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.
No. Lenders use the depletion calculation to qualify you — you keep your assets intact after closing.