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Wheatland sits in Yuba County — affordable by California standards. That makes it a real option for asset-rich borrowers who want to stretch their dollar.
Asset depletion loans let you qualify using liquid assets instead of a paycheck. No W-2 required. No employer to call.
680+ typical
Min Credit Score
60–84 months
Asset Divisor
None (asset-based)
Income Docs Required
Non-QM
Loan Type
Asset Depletion Loans in Wheatland
Lenders divide your eligible assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
Strong credit and significant liquid assets are non-negotiable. Most lenders want to see a 680+ credit score and assets well above the loan amount.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Wheatland.
Wheatland sits in Yuba County — affordable by California standards. That makes it a real option for asset-rich borrowers who want to stretch their dollar.
Asset depletion loans let you qualify using liquid assets instead of a paycheck. No W-2 required. No employer to call.
Lenders divide your eligible assets by a set number of months — often 60 to 84. That monthly figure becomes your qualifying income.
Banks won't touch this loan. It's a non-QM product, which means you need a wholesale lender or portfolio lender who writes these regularly.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in asset depletion. We know which ones price it competitively.
The biggest mistake I see: borrowers count assets that don't qualify. Most lenders won't use 401k funds at full value before age 59½.
Get your asset statements ready — 2 to 3 months, all pages. Any large unexplained deposits will slow things down fast.
Bank statement loans work for self-employed borrowers with strong cash flow. Asset depletion fits those who have wealth but minimal monthly income.
DSCR loans cover investment properties using rental income. Asset depletion works on primary residences, second homes, and investment properties.
Wheatland attracts retirees and semi-rural buyers priced out of Sacramento. That's exactly the profile asset depletion was built for.
As of April 2026, Yuba County remains one of the more accessible markets in Northern California. Asset-rich buyers can move decisively here.
Checking, savings, brokerage, and vested retirement accounts typically qualify. Lenders verify and may discount retirement assets depending on your age.
Yes. Asset depletion works on primary residences, second homes, and investment properties. Each property type may carry different down payment requirements.
Most lenders want 680 or higher. Some go lower with larger asset reserves. Expect the rate to reflect your credit tier.
Lenders divide eligible assets by a set number of months — commonly 60 to 84. The result is your monthly qualifying income for underwriting purposes.
Yes, typically. Non-QM loans carry a rate premium over conventional financing. Rates vary by borrower profile and market conditions.
No. The math is used to establish income on paper. You keep your assets — lenders just use the formula to verify you can service the debt.