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Chowchilla sits in Madera County, where prices stay well below coastal California. That makes it a realistic target for asset-rich buyers who want value.
Asset depletion loans let you qualify using liquid assets — think savings, brokerage accounts, or retirement funds — instead of a paycheck. No W-2 required.
Typically 640+
Min Credit Score
60–84 months
Asset Spread Term
No — assets only
Income Proof Needed
Non-QM
Loan Category
Higher — non-QM premium
Rate vs Conventional
Asset Depletion Loans in Chowchilla
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number must cover the mortgage payment.
Expect to need strong reserves, a credit score typically above 640, and assets that are fully documented. Retirement accounts often get discounted before the math runs.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Chowchilla.
Chowchilla sits in Madera County, where prices stay well below coastal California. That makes it a realistic target for asset-rich buyers who want value.
Asset depletion loans let you qualify using liquid assets — think savings, brokerage accounts, or retirement funds — instead of a paycheck. No W-2 required.
Lenders divide your eligible assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number must cover the mortgage payment.
Most banks won't touch asset depletion. It's a non-QM product, which means wholesale lenders and specialty shops handle it — not your local credit union.
As a broker with access to 200+ wholesale lenders, SRK CAPITAL shops this across multiple non-QM sources. Guidelines vary significantly between lenders.
The biggest mistake I see: borrowers assume all assets count equally. Restricted stock, annuities, and illiquid accounts often get excluded or heavily discounted.
Get your asset statements organized before you apply. Lenders want 2–3 months of statements showing the full balance. Gaps in documentation kill deals fast.
Bank statement loans work better if you have active self-employment income. Asset depletion fits retirees or those who've stopped drawing a regular income.
DSCR loans serve investors whose rental income covers the payment. Asset depletion is for personal residences or second homes where income isn't the story.
Chowchilla's Central Valley location draws buyers from agriculture, retirement relocations, and out-of-area investors looking for lower price points than coastal markets.
Asset depletion fits the retiree moving inland from a higher-cost area. They often carry significant equity or savings — and zero current income.
Checking, savings, and brokerage accounts typically qualify. Retirement accounts may count at 70% of their value after lender discounts.
Yes, but most lenders discount it before calculating income. Expect 60–70% of the vested balance to count toward your qualifying figure.
Yes. It works for primary residences and second homes. Investment property eligibility depends on the specific lender's guidelines.
Lenders divide eligible assets by a set term — often 60 to 84 months. That result becomes your monthly income for underwriting.
No. That's the point. This program exists for borrowers who have wealth but no active employment income.
Yes, typically. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.