Loading
Tulare sits in the heart of California's San Joaquin Valley. Agriculture drives the local economy — and that means a lot of wealth tied up in land, equipment, and savings rather than W-2 paychecks.
Asset depletion loans let lenders count your liquid assets as income. Retirees, farmers, and business owners with strong balance sheets use them to qualify without showing a traditional paycheck.
680+
Min Credit Score
None
Income Docs Required
Assets ÷ 360 months
Asset Calculation
Non-QM
Loan Type
Primary, 2nd, Investment
Property Types
Lenders divide your eligible liquid assets by a set number of months — often 360. That figure becomes your qualifying monthly income.
Credit requirements vary by lender, but most asset depletion programs want a 680 or higher. You also need to show assets in verifiable, accessible accounts.
Asset depletion is a non-QM product. Most big retail banks won't touch it. You need wholesale lenders who specialize in non-traditional income documentation.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones price asset depletion competitively and which ones bury fees in the rate.
The biggest mistake I see: borrowers counting illiquid assets. Land equity and business equipment don't count. Cash, brokerage accounts, and CDs do.
Tulare County has plenty of borrowers sitting on significant net worth with modest reported income. Asset depletion was built for exactly that profile.
Bank statement loans work better if you have steady business deposits. Asset depletion works better if you have a large lump sum and minimal monthly cash flow.
DSCR loans are another non-QM option — but those only work for investment properties. Asset depletion works for a primary residence, second home, or investment.
Tulare County agriculture creates real wealth accumulation. Growers, packers, and landowners often show low taxable income but hold substantial liquid reserves.
As of April 2026, this loan type fills a genuine gap in Tulare's market. Local borrowers often get turned away by conventional lenders despite strong financial positions.
Cash, checking, savings, brokerage, and CD accounts typically qualify. Retirement accounts may count at 60-70% of their value.
Yes. Asset depletion works on primary residences. It's a strong fit for agricultural borrowers with assets but low reported income.
No employment income is required. Your assets are converted to a monthly income figure that lenders use to qualify you.
It depends on the loan amount. Divide the loan term in months into your assets — the result must cover your debt ratios.
Yes. Rates run higher than conventional programs. Rates vary by borrower profile and market conditions.
Most lenders allow joint accounts. The full balance typically counts if both borrowers are on the loan application.
Asset Depletion Loans in Tulare