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Lathrop sits in San Joaquin County — a market drawing retirees and investors who hold serious wealth but draw little taxable income.
Asset depletion loans let those borrowers qualify using liquid assets instead of a pay stub. No job required. No W-2 needed.
60–84 months
Asset Division Window
680+
Typical Min Credit Score
None (assets only)
Income Docs Required
60–90 days
Asset Seasoning
Asset Depletion Loans in Lathrop
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 84. That math creates your qualifying income.
Most programs require assets held in verifiable accounts: checking, savings, brokerage, or retirement funds. Illiquid holdings like real estate 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 Lathrop.
Lathrop sits in San Joaquin County — a market drawing retirees and investors who hold serious wealth but draw little taxable income.
Asset depletion loans let those borrowers qualify using liquid assets instead of a pay stub. No job required. No W-2 needed.
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 84. That math creates your qualifying income.
Big banks rarely offer asset depletion. This is a non-QM product, meaning it lives in the wholesale and portfolio lender space.
SRK CAPITAL works with 200+ wholesale lenders. We find who's pricing this product competitively for Lathrop borrowers right now.
The most common mistake: assuming all assets qualify. Vested retirement funds often count at a haircut — sometimes 60–70% of the balance.
Lenders also want to see those assets seasoned. Funds that showed up last month won't fly. Expect a 2–3 month seasoning requirement at minimum.
Bank statement loans work better if you have self-employment income flowing in monthly. Asset depletion is for borrowers with wealth but minimal cash flow.
DSCR loans serve investors using rental income to qualify. Asset depletion doesn't care about the property's income — only your balance sheet.
Lathrop has drawn buyers priced out of the Bay Area — including early retirees who cashed out equity and now hold large liquid reserves.
San Joaquin County's lower price points compared to coastal California mean asset depletion borrowers often have plenty of assets relative to the loan size needed.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.
They divide your eligible assets by a set number of months — often 60 to 84. That figure becomes your monthly qualifying income.
Not necessarily. Some lenders allow pure asset-based qualification. Others require a small income floor — it depends on the program.
Location rarely affects eligibility. What matters is your asset balance, credit profile, and the property type you're buying.
Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.
Yes, but most lenders apply a discount — often 60–70% of the vested balance. The funds usually need 60–90 days of seasoning too.