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Gonzales sits in the Salinas Valley, a region built on agriculture and seasonal income. Many asset-rich residents here don't show steady W-2 income — and that's exactly who asset depletion loans serve.
This is a non-QM loan. That means it falls outside standard government lending rules. Lenders calculate income using your liquid assets instead of pay stubs or tax returns.
Often 680+
Min Credit Score
60 Days Minimum
Asset Seasoning
Assets ÷ 60–84 Months
Income Calculation
Non-QM
Loan Classification
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate a monthly income figure. That number must support the loan payment.
Eligible assets typically include savings, brokerage accounts, and retirement funds. Retirement accounts are usually discounted. Illiquid assets like real estate don't count.
No major retail bank will quote you this loan at the branch window. Asset depletion is a wholesale and portfolio product. You need access to specialty lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs like this one. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers move assets right before applying. Lenders want to see those funds seasoned — typically 60 days in the same account.
Asset depletion math is lender-specific. One lender discounts IRAs at 70%. Another uses 60%. That gap changes your qualifying income significantly. Comparison shopping is not optional here.
Bank statement loans work better if you run a business with consistent deposits. Asset depletion fits borrowers who are retired or living off investments — not active earners.
DSCR loans are for rental properties and use rent income to qualify. Asset depletion covers primary residences, second homes, and investment properties using personal assets.
Gonzales has a tight housing market with deep agricultural roots. Growers, landowners, and farming families often hold significant assets but show modest taxable income.
Monterey County's rural economy means many buyers here are self-employed or seasonally paid. Asset depletion is one of the few programs built for that financial profile.
Savings, brokerage, and retirement accounts typically qualify. Retirement funds are discounted. Physical property does not count.
No. The whole point is to replace employment income with asset-based income. Retirees and investors use this program regularly.
Lenders divide total eligible assets by a set number of months. The result becomes your monthly qualifying income.
Yes. Asset depletion loans work for primary residences, second homes, and investment properties in California.
Most lenders want 680 or higher for asset depletion loans. Some go lower, but rates will be higher.
Most lenders require 60 days of seasoning. Moving funds around right before applying can hurt your file.
Asset Depletion Loans in Gonzales