Loading
Del Rey Oaks sits inside Monterey County — a coastal market that attracts retirees, executives, and high-net-worth buyers. Many have significant assets but no W-2 income.
Asset depletion loans let lenders convert your liquid assets into qualifying income. No job required. No pay stubs. Just provable wealth.
620+
Min Credit Score
Assets ÷ 360 months
Income Calc Method
None
Employment Required
Non-QM
Loan Category
Asset Depletion Loans in Del Rey Oaks
Lenders divide your eligible assets by a set number of months — often 360 — to calculate monthly income. A $1.8M portfolio becomes $5,000/month on paper.
Most lenders want 620+ credit and assets well beyond the loan amount. Retirement accounts typically count at a discount, around 60-70% of face value.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Del Rey Oaks.
Del Rey Oaks sits inside Monterey County — a coastal market that attracts retirees, executives, and high-net-worth buyers. Many have significant assets but no W-2 income.
Asset depletion loans let lenders convert your liquid assets into qualifying income. No job required. No pay stubs. Just provable wealth.
Lenders divide your eligible assets by a set number of months — often 360 — to calculate monthly income. A $1.8M portfolio becomes $5,000/month on paper.
Asset depletion is a non-QM product. Your local bank probably won't offer it. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in asset-based qualifying. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers underestimate how much liquidity lenders want to see. They want assets far above the loan balance.
Which accounts count matters too. Checking, savings, and brokerage accounts are straightforward. Illiquid assets like real estate equity don't qualify.
Bank statement loans work better if you're self-employed with active business income. Asset depletion fits borrowers whose wealth is parked, not flowing.
DSCR loans are the right call for rental properties — income comes from the property, not you. Asset depletion is for primary or second home purchases.
Monterey County draws a large retiree and second-home buyer pool. Asset depletion is one of the few loan types purpose-built for this crowd.
Del Rey Oaks is small and quiet, but it borders Monterey and Seaside. Buyers here often have significant portfolios and zero interest in documenting a job.
Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60-70% of their value.
Yes. Asset depletion works for primary residences and second homes. It is not limited to investment properties.
Most non-QM lenders using asset depletion require no traditional employment income. Your assets do the qualifying work.
Lenders typically divide eligible assets by 360 months. The result becomes your qualifying monthly income for debt-to-income purposes.
It is a non-QM product, so underwriting standards differ from conventional loans. Terms vary widely — shopping multiple lenders matters.