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Lemoore sits in Kings County, where the median household income of $68,750 stretches across a market with room to grow. Asset Depletion Loans open doors for buyers whose savings exceed their recent income — a real advantage in agricultural communities where...
This loan type counts your liquid assets as qualifying income, not just your W-2s or tax returns. If you've built savings over decades, that cash becomes your qualification engine.
620 (typically)
Minimum FICO
10% to 20%
Down Payment Range
45–60 days
Typical Close Timeline
$68,750 (Kings County)
County Median Income
Asset Depletion Loans in Lemoore
Asset Depletion Loans typically require 620+ FICO and 10% to 20% down, though some lenders go lower on both with strong reserves. The real qualifier is your liquid assets — bank accounts, money market funds, stocks, and retirement accounts (with age...
At Kings County's median household income of $68,750 annually, a typical buyer here earns about $5,729 per month. Add $100,000 in liquid assets, and you've created roughly $278 in additional monthly qualifying income.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Lemoore.
Lemoore sits in Kings County, where the median household income of $68,750 stretches across a market with room to grow. Asset Depletion Loans open doors for buyers whose savings exceed their recent income — a real advantage in agricultural communities where...
This loan type counts your liquid assets as qualifying income, not just your W-2s or tax returns. If you've built savings over decades, that cash becomes your qualification engine.
Asset Depletion Loans typically require 620+ FICO and 10% to 20% down, though some lenders go lower on both with strong reserves. The real qualifier is your liquid assets — bank accounts, money market funds, stocks, and retirement accounts (with age...
Asset Depletion Loans are a niche product. Most major retail lenders don't offer them; portfolio lenders and credit unions are your primary sources.
Documentation is heavier than conventional. You'll submit 2 months of bank statements, brokerage statements, and retirement account statements.
Asset Depletion Loans make sense in Lemoore for retirees and career-changers with strong savings but thin recent income. If you've worked 30 years, built $200,000 in liquid assets, and just retired, this loan is your path.
They don't make sense if you have strong W-2 income and minimal savings. You'll qualify faster and cheaper on a conventional loan. Asset Depletion is a specialist tool for a specific situation — use it when your balance sheet is stronger than your recent...
Versus conventional loans, Asset Depletion trades faster approval for deeper asset review. A conventional lender looks at your last 2 years of income and moves on.
Versus FHA, Asset Depletion doesn't require mortgage insurance if you put 20% down. FHA's lifetime mortgage insurance (on loans under 10% down) costs more over 30 years. Asset Depletion's tradeoff is documentation burden, not insurance cost.
Lemoore's economy is rooted in agriculture and military presence (Naval Air Station Lemoore is a major employer). Seasonal work, contract farming, and military retirement are common.
If you've spent 20 years in agricultural business or military service and built substantial reserves, Asset Depletion is your loan. Conventional lenders struggle with seasonal 1099 income. This product doesn't. That's the local advantage.
Yes — most lenders count IRAs, 401(k)s, and similar accounts, but with restrictions. If you're under 59½, the lender may apply a 10% penalty haircut. At 59½ or older, the full balance counts.
There's no hard floor, but lenders typically want at least $50,000 to $100,000 in accessible funds. The more assets you have, the stronger your application.
Yes. Asset Depletion Loans typically require 10% to 20% down. Your savings counts toward qualification, not as a substitute for a down payment. Some lenders may go lower with exceptional reserves, but expect to put cash down at closing.
Plan for 45 to 60 days. The extra time comes from verifying your assets — bank statements, brokerage statements, and sometimes accountant letters. Conventional loans close in 30 to 45 days. The trade-off is qualification without recent income proof.
That's exactly when Asset Depletion Loans shine. If you retired last month and your W-2 income vanished, conventional lenders reject you. Asset Depletion counts your liquid assets as income instead.