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Oakdale sits in Stanislaus County — a mix of agriculture, small business, and retirees with real wealth on paper.
Asset depletion loans let you qualify using liquid assets instead of a pay stub. That's a fit for how many Oakdale borrowers actually earn.
Typically 680+
Min Credit Score
None — assets only
Income Docs Required
Non-QM
Loan Type
2-3 months typical
Asset Seasoning
Lenders take your eligible assets — savings, brokerage accounts, retirement funds — and divide them over a set period to calculate income.
Most programs require strong credit, typically 680 or higher. You also need enough assets to satisfy the lender's depletion formula after the down payment.
Asset depletion is a non-QM product. Your local bank almost certainly doesn't offer it.
We work with 200+ wholesale lenders. Several specialize in non-QM programs like this. That gives you real options — not just whatever one lender happens to carry.
The biggest mistake I see: borrowers assume their 401(k) counts dollar for dollar. Most lenders discount retirement assets by 30-40% before the depletion calc runs.
Get your asset statements clean and current before applying. Lenders want 2-3 months of statements showing consistent balances — not a recent wire from a relative.
Bank statement loans work if you run cash through a business account. Asset depletion works if your money sits in savings or investments.
DSCR loans are better for rental properties with cash flow. Asset depletion is about personal wealth — not property income. Know which problem you're actually solving.
Oakdale has a strong agricultural base. Many landowners and farmers hold significant assets but show low taxable income — asset depletion is built for that profile.
Stanislaus County also draws retirees relocating from the Bay Area. Selling a Bay Area home often leaves a borrower cash-rich but income-poor. This loan bridges that gap.
Savings, brokerage, and retirement accounts typically qualify. Business accounts and illiquid assets like real estate usually don't count.
Lenders divide eligible assets by a set number of months — often the loan term. That monthly figure becomes your qualifying income.
Yes, but most lenders apply a 30-40% discount first. The remaining balance enters the depletion formula.
Most lenders require at least 680. Better scores get better rates. Rates vary by borrower profile and market conditions.
It can be. Farmers with land equity or liquid reserves but low tax returns are exactly who this program was designed for.
Bank statement loans use cash flow as income. Asset depletion uses your balance — no revenue required.
Asset Depletion Loans in Oakdale