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Los Banos sits in Merced County's Central Valley — an area with a strong mix of retirees, farmers, and self-employed buyers.
Asset depletion loans exist for borrowers who have real wealth but no W-2 to show for it. That describes a lot of people here.
680 Typical
Min Credit Score
20–30%
Down Payment
None Required
Income Docs
30–45 Days
Est. Close Time
Non-QM
Loan Type
Asset Depletion Loans in Los Banos
Lenders take your liquid assets — savings, brokerage accounts, retirement funds — and divide them over a loan term to calculate income.
A borrower with $900,000 in verified assets might qualify using $2,500/month as imputed income over 30 years. No job required.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Los Banos.
Los Banos sits in Merced County's Central Valley — an area with a strong mix of retirees, farmers, and self-employed buyers.
Asset depletion loans exist for borrowers who have real wealth but no W-2 to show for it. That describes a lot of people here.
Lenders take your liquid assets — savings, brokerage accounts, retirement funds — and divide them over a loan term to calculate income.
Big banks rarely touch asset depletion loans. This is wholesale lender territory — and not every wholesale lender does it well.
Guidelines vary widely. One lender might count your IRA at 60%. Another counts it at 100% if you're past 59½. Comparison shopping matters.
The biggest mistake I see: borrowers assume their assets automatically qualify. Lenders want seasoned, documented, liquid funds — not locked-up equity.
Stocks, bonds, and money market accounts typically count. Real estate equity usually does not. Know the difference before you apply.
Bank statement loans work better if you're still running a business with active monthly deposits. Asset depletion fits borrowers whose income has stopped.
DSCR loans serve investors with rental income. Asset depletion serves buyers who live off a portfolio. Different tools for different situations.
Los Banos has a notable agricultural base. Landowners who've sold acreage often hold significant cash or investment accounts — ideal for this program.
Merced County home prices are lower than coastal California. That means your assets can stretch further here than in the Bay Area.
Checking, savings, brokerage, and retirement accounts typically qualify. Illiquid assets like real estate equity or business ownership usually do not count.
No traditional income is required. Lenders calculate a monthly income figure based solely on your documented liquid asset balance.
It depends on the purchase price and loan amount. Generally, your assets must be large enough to cover both the loan term and reserves.
Yes — rates run higher than conventional loans. This is a non-QM product, so lenders price in added risk. Rates vary by borrower profile and market conditions.
Absolutely. Retirees who sold land or equipment and now hold significant investment accounts are strong candidates for asset depletion financing.
Expect 30-45 days. Documentation review is thorough — lenders verify every account carefully before approval.