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Asset Depletion Loans in Exeter
What assets count toward income?
Checking, savings, money market accounts, and investment portfolios typically qualify. Retirement accounts often count at a discount — usually 60% to 70% of the balance.
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Exeter is a small San Joaquin Valley city in Tulare County. Ag money, retirement savings, and family wealth are common here — but traditional income on paper? Often thin.
Asset depletion loans let lenders count your liquid assets as income. Retired farmers, landowners, and business sellers often qualify when W-2 borrowers can't.
Typically 680+
Min Credit Score
60–84 months
Asset Spread Period
No
Employment Required
Non-QM
Loan Type
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Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number drives your loan approval.
You typically need strong credit, a solid down payment, and verified liquid assets. Retirement accounts, savings, and investment portfolios all count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Exeter.
Exeter is a small San Joaquin Valley city in Tulare County. Ag money, retirement savings, and family wealth are common here — but traditional income on paper? Often thin.
Asset depletion loans let lenders count your liquid assets as income. Retired farmers, landowners, and business sellers often qualify when W-2 borrowers can't.
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number drives your loan approval.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Most banks don't offer asset depletion programs. This is a non-QM product — wholesale lenders and specialty shops carry it, not your local branch.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones have the most favorable asset calculation methods and the lowest rates for this product.
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The asset calculation method varies a lot between lenders. One lender might spread your assets over 84 months. Another uses 60. That difference moves the needle on approval.
Borrowers in Exeter often have proceeds from land sales or ag operations sitting in accounts. That's exactly the asset profile this loan is designed for.
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Bank statement loans work if your business still runs. Asset depletion works when you've sold, retired, or simply don't draw income anymore.
DSCR loans cover investment property — asset depletion covers your primary residence or second home. Different tools for different situations.
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Tulare County has deep roots in agriculture. Generational wealth here often looks like land equity, crop profits, and sale proceeds — not W-2s.
Exeter buyers using asset depletion are often downsizing, relocating, or buying a second property after a major liquidity event. This loan fits that profile well.
FAQ
Checking, savings, money market accounts, and investment portfolios typically qualify. Retirement accounts often count at a discount — usually 60% to 70% of the balance.
Yes. That's exactly the point. You need verifiable liquid assets, not employment. Many retired Tulare County buyers qualify this way.
It depends on your asset total and the lender's calculation method. Higher liquid assets equal higher qualifying income. Rates vary by borrower profile and market conditions.
No. Home equity isn't liquid until you sell or cash out. Lenders want funds already accessible — cash, brokerage accounts, or CDs.
It's a non-QM loan, which means it falls outside standard agency guidelines. That doesn't mean risky — it means the underwriting approach is different.
Most asset depletion lenders want at least a 680, though requirements vary. Higher scores get better rates — and rates vary by borrower profile and market conditions.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Tulare County
Our team of licensed mortgage brokers works Tulare County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Tulare County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.