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Ceres sits in the heart of Stanislaus County — ag country, small business country, retirement money country. A lot of wealth here doesn't show up on a W-2.
Asset depletion loans are built for exactly that. Your liquid assets become your qualifying income. No employer, no pay stubs required.
660–680 typical
Min Credit Score
60–84 months
Asset Depletion Window
None (asset-based)
Income Docs Required
Non-QM
Loan Type
30–45 days
Est. Close Time
Asset Depletion Loans in Ceres
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That monthly figure becomes your qualifying income.
You'll need liquid assets: checking, savings, money market, or investment accounts. Real estate equity and retirement accounts may count with restrictions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Ceres.
Ceres sits in the heart of Stanislaus County — ag country, small business country, retirement money country. A lot of wealth here doesn't show up on a W-2.
Asset depletion loans are built for exactly that. Your liquid assets become your qualifying income. No employer, no pay stubs required.
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That monthly figure becomes your qualifying income.
Retail banks almost never offer asset depletion. This is a non-QM product. Wholesale lenders who specialize in it have very different guidelines from each other.
We work with 200+ wholesale lenders at SRK CAPITAL. On a product like this, having access to multiple non-QM shops makes a real difference in rate and terms.
The biggest mistake I see is borrowers assuming all assets count equally. A taxable brokerage account hits differently than a 401k with a 10% early withdrawal penalty factored in.
Document everything before you apply. Two months of statements is standard, but some lenders want twelve. Get the paperwork clean early — it speeds everything up.
Bank statement loans work if you have consistent business deposits. Asset depletion works if you have the balance but not the cash flow. Different tools for different situations.
DSCR loans are for rental property investors — income comes from the property. Asset depletion is personal wealth qualifying for a personal purchase or refinance.
Stanislaus County has a large population of retired farmers and agribusiness owners. Many sold land or equipment and are sitting on significant liquid assets with little active income.
Asset depletion is a natural fit here. If you closed on a land sale or exited a business and want to buy in Ceres without showing income, this program is worth a serious look.
They divide eligible assets by 60 to 84 months. That result is your monthly qualifying income for the loan.
Usually yes, but lenders apply a discount. Penalty exposure and tax liability reduce how much counts toward qualifying.
Most non-QM lenders want 660–680 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.
It depends on the loan amount and term. More assets equal more imputed monthly income — run the math before assuming you qualify.
It can, but DSCR loans are often a stronger fit for rentals. Asset depletion is usually cleaner for primary residence purchases.
Expect 30–45 days. Non-QM underwriting takes longer than conventional. Start documentation early to avoid delays.