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Avenal sits in Kings County — a smaller Central Valley market where purchase prices tend to stay modest. That works in your favor with asset depletion loans.
Lower price points mean smaller loan amounts. Your liquid assets stretch further here than they would in coastal California markets.
620 (typical)
Min Credit Score
60–84 months
Asset Term Used
None
Income Required
Non-QM
Loan Type
Asset Depletion Loans in Avenal
Asset depletion works by dividing your liquid assets over a set term — often 60 to 84 months. That calculated figure becomes your qualifying income.
Lenders typically want assets held in verifiable accounts: checking, savings, brokerage, or retirement funds. Illiquid assets like real estate equity usually don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Avenal.
Avenal sits in Kings County — a smaller Central Valley market where purchase prices tend to stay modest. That works in your favor with asset depletion loans.
Lower price points mean smaller loan amounts. Your liquid assets stretch further here than they would in coastal California markets.
Asset depletion works by dividing your liquid assets over a set term — often 60 to 84 months. That calculated figure becomes your qualifying income.
Most retail banks don't offer asset depletion programs. This is a wholesale-only product at the majority of lenders.
We work with 200+ wholesale lenders. Several specialize in non-QM programs exactly like this. Shopping those options is the whole job.
The borrowers I see using this in Kings County are typically retirees or semi-retired buyers with strong brokerage accounts and no current paycheck.
Don't assume your assets automatically qualify as-is. Some lenders haircut retirement accounts by 30-40%. Know the actual usable number before you set a purchase budget.
If you have 12 months of consistent deposits into a business account, Bank Statement Loans may price better. Asset depletion fits best when income is truly absent — not just irregular.
DSCR loans are another non-QM option, but those require rental income from the property. Asset depletion works on primary residences and second homes too.
Avenal's Central Valley location means you're looking at a practical, affordability-driven market. Asset depletion borrowers here are usually buying — not speculating.
Kings County has a smaller pool of comparable sales. Appraisal support matters. Make sure your purchase price holds up before committing to loan terms.
Checking, savings, and brokerage accounts typically qualify. Retirement accounts may qualify with a haircut depending on your age and the lender.
No. That's the point of the program. Your liquid assets replace employment income in the qualification calculation.
They divide your eligible assets by a set number of months — often 60 to 84. The result is treated as monthly qualifying income.
Yes, typically. Non-QM loans carry more risk for lenders, so rates run higher. Rates vary by borrower profile and market conditions.
Yes. This program works on primary residences, second homes, and investment properties depending on the lender's guidelines.
Most lenders start at 620. Better scores mean better rates. Some lenders require 660 or higher for their best non-QM tiers.