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Marina sits on Monterey Bay — a coastal market that draws retirees, investors, and military families from nearby Fort Ord.
Asset depletion loans fit this buyer profile well. Many buyers here have significant savings but no traditional paycheck to show a lender.
Typically 680+
Min Credit Score
60–84 months
Asset Calc Term
None (asset-based)
Income Required
20% or more
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Marina
Lenders divide your liquid assets by a set term — typically 60 to 84 months — to create a monthly income figure.
That calculated income replaces employment income on your application. No pay stubs. No employer verification required.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Marina.
Marina sits on Monterey Bay — a coastal market that draws retirees, investors, and military families from nearby Fort Ord.
Asset depletion loans fit this buyer profile well. Many buyers here have significant savings but no traditional paycheck to show a lender.
Lenders divide your liquid assets by a set term — typically 60 to 84 months — to create a monthly income figure.
Asset depletion is a non-QM product. Most banks won't touch it. Wholesale lenders built for non-QM deals are where this gets done.
At SRK CAPITAL, we shop across 200+ wholesale lenders. That matters here — pricing and asset calculation methods vary widely between lenders.
The biggest mistake I see: borrowers try to count illiquid assets. Real estate equity doesn't count. Neither do business assets you can't access.
Retirement accounts often count at 70% of value if you're under 59½. Over that age, most lenders count the full balance. Know your number before you apply.
Bank statement loans work better if you run a business with consistent monthly deposits. Asset depletion fits borrowers who live off savings or investments.
DSCR loans cover investment properties using rental income. If you're buying a primary residence and have no income stream, asset depletion is the right call.
Marina has seen steady demand from retiring military personnel and coastal lifestyle buyers. Many carry pension assets and brokerage accounts — ideal asset depletion profiles.
Monterey County has no shortage of buyers who sold businesses or Bay Area homes and are sitting on large cash positions. This loan was built for exactly that scenario.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets do not.
No traditional income is required. Your assets are converted into a calculated monthly income figure by the lender.
Yes. Asset depletion loans work for primary residences, second homes, and investment properties across Monterey County.
It depends on the loan amount and term used. More assets equal higher calculated income, which supports a larger loan.
It requires more documentation and tighter credit standards. But for asset-rich borrowers, it's often the only program that works.
Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions — get quotes before assuming.