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Mammoth Lakes attracts buyers who don't fit a W-2 mold. Retirees, investors, and high-net-worth individuals often have substantial assets but limited monthly income on paper.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure by dividing your liquid assets over a set term — no paycheck required.
680+
Min Credit Score
60–84 months
Asset Calculation Term
20–30% typical
Down Payment
60 days
Statements Required
~1–2 pts higher
Rate Premium vs. Conv.
Asset Depletion Loans in Mammoth Lakes
Most lenders divide eligible assets by 60 to 84 months to derive qualifying income. A $1.2M brokerage account could generate $14K–$20K in monthly income for qualification.
Eligible assets typically include checking, savings, brokerage accounts, and retirement funds. Illiquid assets — real estate equity, business ownership — usually don't count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Mammoth Lakes.
Mammoth Lakes attracts buyers who don't fit a W-2 mold. Retirees, investors, and high-net-worth individuals often have substantial assets but limited monthly income on paper.
Asset depletion loans solve that problem. Lenders calculate a monthly income figure by dividing your liquid assets over a set term — no paycheck required.
Most lenders divide eligible assets by 60 to 84 months to derive qualifying income. A $1.2M brokerage account could generate $14K–$20K in monthly income for qualification.
Big banks rarely offer asset depletion programs. This is a non-QM product, meaning it lives in the portfolio lending space — lenders who hold loans on their books.
SRK CAPITAL works with 200+ wholesale lenders, including non-QM specialists who actively write asset depletion loans in Mono County.
The biggest mistake I see: buyers assume all assets count equally. Lenders apply discounts to retirement accounts and exclude anything not easily liquidated.
Document everything before you apply. Sixty days of statements on every qualifying account is standard. Gaps in documentation kill deals that should close.
Bank Statement Loans work better if you run a business with steady deposits. Asset depletion fits buyers with wealth parked in investment accounts, not active income.
DSCR Loans are the go-to for rental properties in Mammoth. If this is a vacation rental or second home, asset depletion may be the cleaner path.
Mammoth Lakes is a resort market. Many buyers here purchase second homes or vacation rentals — property types where traditional income documentation often falls short.
Mono County properties can also carry higher price points relative to local income levels. Asset depletion bridges that gap for cash-rich buyers with modest W-2 income.
They divide total eligible assets by a set number of months — typically 60 to 84. That figure becomes your qualifying monthly income.
Yes, but most lenders apply a 30–40% discount to retirement accounts. Only the adjusted value counts toward qualifying income.
Yes. Asset depletion works for primary, second home, and investment purchases. Second home deals in Mammoth are common with this program.
Most non-QM lenders require 680 or higher. Some go to 660 with compensating factors like larger assets or lower loan-to-value.
Expect a higher rate than conventional — typically 1 to 2 points above. Rates vary by borrower profile and market conditions.
Some lenders allow blended qualifying — part income, part asset depletion. Not all programs offer this, so lender selection matters.