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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
Asset Depletion Loans in Exeter
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.
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.
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.
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.
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.
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.