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Dos Palos sits in Merced County's agricultural core. Retirees and landowners here often hold significant assets but show little traditional income.
Asset depletion loans convert liquid assets into qualifying income. That opens mortgage approval to borrowers banks routinely turn away.
~620–660
Min Credit Score
60 days typical
Asset Seasoning
Non-QM
Loan Type
None
Employment Required
Asset Depletion Loans in Dos Palos
Lenders divide your eligible assets by a set number of months — typically 60 to 360. That monthly figure becomes your qualifying income.
Eligible assets usually include checking, savings, brokerage, and retirement accounts. Illiquid assets like real estate equity generally 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 Dos Palos.
Dos Palos sits in Merced County's agricultural core. Retirees and landowners here often hold significant assets but show little traditional income.
Asset depletion loans convert liquid assets into qualifying income. That opens mortgage approval to borrowers banks routinely turn away.
Lenders divide your eligible assets by a set number of months — typically 60 to 360. That monthly figure becomes your qualifying income.
Most retail banks don't offer asset depletion programs. This is a non-QM product, and you need lenders who specialize in it.
SRK CAPITAL works with 200+ wholesale lenders. Several carry strong asset depletion programs with competitive terms. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers assume all assets qualify. A lender may discount retirement accounts by 30% if you're under 59½.
Get your asset statements organized before applying. Lenders want 2-3 months of records. Gaps in documentation slow closings fast.
Bank statement loans work better if you run a business with cash flow. Asset depletion fits borrowers who are asset-rich but income-light.
DSCR loans are built for rental properties — the property's rent qualifies you. Asset depletion uses your personal wealth instead.
Merced County has a strong agricultural landowning community. Many families here have accumulated real wealth over generations with modest W-2 income.
Asset depletion can be an ideal fit for that profile. If you've sold farmland or inherited liquid assets, this program is worth a hard look.
Checking, savings, CDs, and brokerage accounts typically qualify. Retirement accounts may be discounted depending on your age.
No. Asset depletion loans are designed for borrowers with no employment income. Your assets do the qualifying work.
Lenders divide your total eligible assets by a set number of months. That figure is treated as your monthly income.
Yes. It's a non-QM loan funded by wholesale lenders who serve all of California, including Merced County.
Requirements vary by lender. Most non-QM programs start around 620 to 660. Better scores get better rates.
Possibly, if funds are seasoned in a liquid account — typically at least 60 days. Ask your broker before assuming.