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Hanford sits in Kings County — a working agricultural valley where cash-heavy retirees and business owners often struggle to show W-2 income.
Asset depletion loans solve that problem. Lenders divide your liquid assets over a set period to calculate qualifying income — no job required.
680+ typical
Min Credit Score
20% common
Down Payment
No W-2 required
Income Docs
60–90 days typical
Asset Seasoning
Non-QM
Loan Type
Asset Depletion Loans in Hanford
Lenders typically require significant liquid assets — think retirement accounts, brokerage funds, or savings. The formula varies by lender.
Credit requirements are stricter than FHA. Most lenders want 680 or higher. Down payments usually start at 20%.
Big banks rarely offer asset depletion programs. This is a non-QM product — meaning it lives in the wholesale and private lending space.
SRK CAPITAL shops across 200+ wholesale lenders. That gives you real options, not just whatever one bank decided to price that week.
The biggest mistake I see: borrowers assume all assets count equally. A checking account and a locked 401k are not the same to an underwriter.
IRAs and 401ks often get discounted 30–40% before the income calculation starts. Taxable brokerage accounts usually count at full value. Know the difference before you apply.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion fits borrowers who live off investments, not revenue.
DSCR loans are built for rental properties — not primary residences. If you want to buy a home in Hanford using wealth, not wages, asset depletion is the right tool.
Kings County attracts retirees and ag-sector investors who have built real wealth but don't show it on a tax return.
Hanford home prices are lower than coastal California. That means your asset pool can stretch further here than in LA or the Bay Area.
Lenders divide eligible assets by a set number of months — often 360. That monthly figure becomes your qualifying income.
Yes, but most lenders discount retirement accounts before calculating. Expect 60–70% of the balance to count toward qualifying assets.
Yes. Unlike DSCR loans, asset depletion works for primary residences and second homes — not just investment properties.
Most non-QM lenders require 680 or higher for asset depletion. Some go to 660, but pricing gets worse below 700.
It depends on the purchase price and loan amount. Your assets must generate enough calculated monthly income to cover the payment.
Yes — non-QM products carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.