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Monterey attracts retirees, coastal investors, and high-net-worth buyers. Many carry significant assets but no W-2 income to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set loan term — no job required.
680+
Min Credit Score
Significantly above loan amt
Asset Requirement
No W-2 needed
Income Required
20% or more
Typical Down Payment
Non-QM
Loan Type
Asset Depletion Loans in Monterey
Lenders typically divide your eligible assets by the loan term in months. That monthly figure becomes your qualifying income.
Most lenders want to see strong credit — usually 680 or above. You'll also need assets well above the loan amount to make the math work.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Monterey.
Monterey attracts retirees, coastal investors, and high-net-worth buyers. Many carry significant assets but no W-2 income to show a traditional lender.
Asset depletion loans solve that problem. Lenders calculate income by dividing your liquid assets over a set loan term — no job required.
Lenders typically divide your eligible assets by the loan term in months. That monthly figure becomes your qualifying income.
This is a non-QM loan. Big retail banks rarely touch it. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders, including non-QM specialists. That means real rate competition — not one bank's take-it-or-leave-it offer.
The biggest mistake I see: buyers assume their brokerage account qualifies at full value. Most lenders discount non-liquid or restricted assets.
Retirement accounts often get a 30–40% haircut if you're under 59½. Know what counts before you build your qualifying case.
Bank statement loans use 12–24 months of deposits as income. Asset depletion uses your balance sheet instead. Both are non-QM — the right fit depends on your situation.
If you have business income flowing through bank accounts, bank statement may qualify you for more. Pure retirees with liquid savings usually do better with asset depletion.
Monterey's coastal market draws buyers with significant investment portfolios and pension income. Asset depletion fits this profile directly.
As of April 2026, Monterey County real estate commands premium prices. Buyers often need jumbo-sized loans — asset depletion can support large loan amounts when the asset base is strong.
Savings accounts, brokerage accounts, and retirement funds typically qualify. Illiquid assets like real estate equity usually do not count.
No traditional income is required. The lender treats your asset draw-down calculation as your monthly income for qualifying purposes.
Most non-QM lenders want 680 or higher. Stronger credit means better rates and terms — rates vary by borrower profile and market conditions.
Yes. Many non-QM lenders allow large loan amounts when your asset base is strong enough to support the income calculation.
Standard loans require documented employment income. Asset depletion replaces that with a formula based on your liquid net worth.
Often yes. Borrowers under 59½ may see accounts discounted 30–40%. Confirm with your lender before assuming full credit.