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Salinas sits in Monterey County, where agriculture drives serious wealth — often held in assets, not paychecks.
Asset depletion loans let you qualify using liquid assets instead of W-2 income. That fits a lot of buyers here.
680 Typical
Min Credit Score
÷ 60–84 Months
Asset Calculation
20–30%
Down Payment
Non-QM
Loan Type
60 Days Min
Asset Seasoning
Asset Depletion Loans in Salinas
Lenders divide your liquid assets by a set number of months — typically 60 to 84 — to calculate monthly income.
You need meaningful assets to make the math work. Think investment accounts, savings, or retirement funds.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Salinas.
Salinas sits in Monterey County, where agriculture drives serious wealth — often held in assets, not paychecks.
Asset depletion loans let you qualify using liquid assets instead of W-2 income. That fits a lot of buyers here.
Lenders divide your liquid assets by a set number of months — typically 60 to 84 — to calculate monthly income.
Most banks won't touch this. Asset depletion is a non-QM product, meaning wholesale and private lenders handle it.
At SRK CAPITAL, we work with 200+ wholesale lenders. We shop this specific program hard to find the right fit.
The biggest mistake we see: borrowers move assets right before applying. That kills the paper trail lenders need.
Keep assets seasoned — typically 60 days in the same account before you apply. Don't shuffle money around.
Bank Statement Loans work better if you have business income. Asset depletion is for those with wealth but no income stream.
DSCR loans suit rental investors. If the property pays for itself, that's a different path than asset depletion.
Salinas has a high concentration of ag business owners and retirees — two profiles asset depletion was built for.
As of April 2026, Monterey County home prices remain competitive. Substantial assets are often needed to close deals here.
Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and illiquid business assets usually do not.
Most lenders want 680 or higher for asset depletion loans. Lower scores mean fewer options and higher rates. Rates vary by borrower profile and market conditions.
Yes, but most lenders apply a 70% haircut to retirement accounts. A $1M IRA counts as roughly $700K in qualifying assets.
Expect 20–30% down on most asset depletion programs. Higher down payments often unlock better rates and terms.
Not exactly. Your assets are converted into calculated monthly income. Lenders still underwrite that income figure carefully.
Asset depletion is a niche non-QM product. One lender's formula may yield twice the qualifying income of another's. Shopping matters.