Loading
Loading
Seaside sits in Monterey County — a market that draws retirees, investors, and military families from Fort Ord's legacy community. Many buyers here have serious wealth but no W-2 to show a lender.
Asset depletion loans solve that problem. Your liquid assets — brokerage accounts, savings, retirement funds — become the income a lender uses to qualify you.
620+
Min Credit Score
20% typical
Down Payment
60-90 days
Asset Seasoning
Non-QM
Loan Type
Higher
Rate vs Conventional
Asset Depletion Loans in Seaside
Lenders divide your eligible assets by a set term — often 360 months — to calculate monthly income. A $1.8M portfolio becomes $5,000/month on paper.
Most lenders want at least 620 credit. Stronger credit opens better pricing. Down payments typically start at 20% for non-QM asset depletion programs.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Seaside.
Seaside sits in Monterey County — a market that draws retirees, investors, and military families from Fort Ord's legacy community. Many buyers here have serious wealth but no W-2 to show a lender.
Asset depletion loans solve that problem. Your liquid assets — brokerage accounts, savings, retirement funds — become the income a lender uses to qualify you.
Lenders divide your eligible assets by a set term — often 360 months — to calculate monthly income. A $1.8M portfolio becomes $5,000/month on paper.
Asset depletion is a non-QM product. Your local bank almost certainly won't offer it. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders. Several specialize in asset depletion for high-net-worth borrowers. Guidelines vary — one lender's formula for asset calculation can cost you qualification at another.
The biggest mistake I see: borrowers moving assets right before applying. Lenders require 60-90 days of statements. Sudden large deposits raise flags.
Keep assets seasoned in the same accounts. Gift funds and recent transfers complicate the story. Clean, stable statements get approvals faster.
Bank statement loans work better if you run a business with real monthly deposits. Asset depletion is the right call when your income is investment returns or you're fully retired.
DSCR loans cover investment properties using rent instead of personal income. Asset depletion covers your primary residence or second home using your portfolio. Different tools for different situations.
Seaside's proximity to Pebble Beach, Carmel, and the Monterey Peninsula means second-home and luxury purchases are common. Asset depletion fits that buyer profile exactly.
The Fort Ord redevelopment has also brought in investors and relocating professionals. Many arrive with stock portfolios or retirement assets — not steady paychecks. This loan is built for them.
Checking, savings, brokerage, and retirement accounts typically qualify. Retirement accounts are usually counted at 70% of their value.
Yes. Asset depletion works for primary residences and second homes. Expect at least 20% down and stronger credit requirements for second homes.
Most lenders want 60-90 days of statements showing stable balances. Recent large transfers create underwriting problems.
Yes, non-QM products carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes — that's the core use case. Sufficient liquid assets replace employment income for qualification purposes.
No. The calculation is a formula lenders use to qualify you. You keep your assets invested and repay the loan normally.