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Turlock's affordable housing compared to Bay Area markets attracts retirees and self-funded buyers with substantial savings. Asset depletion loans let you qualify using investment accounts, not paystubs.
This program works well in Stanislaus County where buyers often relocate with savings from high-cost areas. Lenders divide your liquid assets by 360 months to calculate qualifying income.
Asset Depletion Loans in Turlock
Most lenders require $500,000+ in verifiable liquid assets after your down payment and reserves. Credit scores typically start at 680, though some programs go to 660.
You'll document assets with recent statements showing balances for 60-90 days. Acceptable assets include taxable accounts, IRAs, 401(k)s, and money market funds. Some lenders now count verified cryptocurrency holdings.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Turlock.
Turlock's affordable housing compared to Bay Area markets attracts retirees and self-funded buyers with substantial savings. Asset depletion loans let you qualify using investment accounts, not paystubs.
This program works well in Stanislaus County where buyers often relocate with savings from high-cost areas. Lenders divide your liquid assets by 360 months to calculate qualifying income.
Most lenders require $500,000+ in verifiable liquid assets after your down payment and reserves. Credit scores typically start at 680, though some programs go to 660.
Asset depletion is a non-QM product, so availability varies significantly between lenders. Some wholesale lenders accept 70% of asset value for calculations while others cap at 60%.
Recent product innovations allow borrowers to include cryptocurrency in asset calculations. This expands qualification for tech-savvy buyers with digital holdings alongside traditional investments.
I see asset depletion used most by early retirees in their 50s buying in Turlock with Bay Area equity. They have substantial portfolios but minimal W-2 income.
The key is finding lenders who calculate assets favorably and don't penalize retirement account access. A $1.2M portfolio can generate $3,333 monthly qualifying income using standard 360-month depletion.
Bank statement loans work better if you have business income you can document. Asset depletion makes sense when you're truly asset-rich but income-light.
DSCR loans suit investors buying rental property. Asset depletion works for primary residences when you have savings but don't want to liquidate investments for traditional income documentation.
Turlock's median home prices make asset depletion accessible with smaller portfolios than coastal California. A $600K home requires less asset base than similar programs in San Jose.
Stanislaus County appraisals come in reliably, which matters for non-QM underwriting. Lenders get conservative when values fluctuate, but Turlock's stable market reduces that concern.
Yes, most lenders count 401(k) and IRA balances at 70% of value. You don't withdraw funds, just prove you have them with recent statements.
Asset depletion rates run 1-2% above conventional loans as of February 2026. Rates vary by borrower profile and market conditions.
No, assets stay invested. Lenders mathematically convert your balance into qualifying income by dividing by 360 months.
Some non-QM lenders now accept verified crypto holdings in asset calculations. Documentation requirements vary, so ask your broker which lenders offer this.
Expect 6-12 months of reserves beyond your asset depletion calculation base. Higher reserves can improve your rate.
Yes, lenders approve primary residences and second homes. Investment properties typically require DSCR loans instead.