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Cathedral City attracts retirees, seasonal residents, and high-net-worth buyers. Many carry real wealth — just not a W-2 to show for it.
Asset depletion loans were built for exactly this borrower. Your portfolio replaces your pay stub.
Typically 680+
Min Credit Score
Often 20% or more
Down Payment
None — assets only
Income Docs Needed
Non-QM
Loan Type
Fixed & ARM options
Rate Type
Asset Depletion Loans in Cathedral City
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 360. That monthly figure becomes your qualifying income.
Eligible assets usually include checking, savings, money market accounts, and vested investment portfolios. Retirement accounts often qualify at a discount.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Cathedral City.
Cathedral City attracts retirees, seasonal residents, and high-net-worth buyers. Many carry real wealth — just not a W-2 to show for it.
Asset depletion loans were built for exactly this borrower. Your portfolio replaces your pay stub.
Lenders divide your eligible liquid assets by a set number of months — typically 60 to 360. That monthly figure becomes your qualifying income.
Most retail banks won't touch asset depletion loans. This is a non-QM product — meaning it lives in the wholesale and private lending space.
SRK CAPITAL works with 200+ wholesale lenders. We know which ones price asset depletion competitively and which ones pad their margins.
The biggest mistake we see: borrowers underestimating how much in assets they actually need. Run the math before assuming you qualify.
A $1.5M liquid portfolio divided over 360 months gives you roughly $4,200/month in qualifying income. That may not be enough for a higher-priced Cathedral City home without a solid down payment.
Bank statement loans work well if you run a business with regular deposits. Asset depletion works better when income is irregular or investment-driven.
DSCR loans are the right call on rental properties. For a primary residence or second home purchase, asset depletion is usually the cleaner path.
Cathedral City sits in the Coachella Valley alongside Palm Springs. Second home and vacation purchases are common here — asset depletion fits that buyer profile well.
Many buyers in this market are purchasing seasonally or in retirement. They have assets. They just stopped drawing a salary. This loan was made for them.
Checking, savings, money market, and investment accounts typically qualify. Retirement accounts often count at a reduced percentage.
Yes. Second home purchases are eligible. Expect lenders to require at least 20% down and strong reserves.
Lenders divide your eligible assets by a set number of months. That figure becomes your monthly qualifying income for debt-to-income purposes.
Most lenders start at 680 for asset depletion programs. Better scores can improve your rate. Rates vary by borrower profile and market conditions.
No. You document and verify your assets fully. The income calculation method differs — but this is not a no-doc or stated loan.
Most banks don't offer non-QM products like this. SRK CAPITAL accesses 200+ wholesale lenders who specialize in asset-based qualifying.