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Tehachapi attracts retirees, remote workers, and self-made investors. Many have serious wealth but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders count your liquid assets as income — no job required.
680 (typical)
Min Credit Score
Assets ÷ 360 months
Asset Calculation
None
Income Docs Required
60 days
Statement Age Limit
Up to 70% of value
Retirement Account Factor
Asset Depletion Loans in Tehachapi
Lenders take your eligible assets and divide them over a set term — often 360 months. That monthly figure becomes your qualifying income.
Most programs require at least 12 months of reserves after closing. Credit score minimums typically start around 680.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Tehachapi.
Tehachapi attracts retirees, remote workers, and self-made investors. Many have serious wealth but no W-2 to show a traditional lender.
Asset depletion loans solve that problem. Lenders count your liquid assets as income — no job required.
Lenders take your eligible assets and divide them over a set term — often 360 months. That monthly figure becomes your qualifying income.
Retail banks rarely offer this program. It lives almost entirely in the wholesale and non-QM lending space.
We work with 200+ wholesale lenders. Several specialize in asset depletion and have competitive pricing for high-asset borrowers.
Asset type matters more than total balance. Lenders treat brokerage accounts differently than IRAs or 401(k)s.
Restricted accounts get discounted — sometimes 30% off face value. Bring your most liquid assets to the front of the file.
Bank statement loans work if you run a business with cash flow. Asset depletion works when the cash is already sitting in accounts.
DSCR loans require rental income from a property. Asset depletion needs no income at all — just documented wealth.
Tehachapi draws buyers from Los Angeles and the Bay Area cashing out equity. Many arrive with large liquid reserves and no local income history.
As of April 2026, Kern County remains more affordable than coastal California. Asset depletion borrowers often buy outright or put down 30% or more.
Checking, savings, and brokerage accounts work best. Retirement accounts like IRAs qualify too, usually at 70% of their balance.
No employment income is required. Your documented assets serve as the income source for qualification purposes.
Lenders divide eligible assets by the loan term — typically 360 months. That figure becomes your monthly qualifying income.
Possibly, but rural properties face extra scrutiny. Some lenders restrict non-QM loans on properties with large acreage or limited comparables.
Most asset depletion lenders start at 680. Higher scores get better pricing. Rates vary by borrower profile and market conditions.
Yes, some lenders allow asset depletion on investment properties. Expect a higher down payment and tighter reserve requirements.