Loading
Capitola attracts retirees and high-net-worth buyers who hold real wealth in portfolios, not paychecks. Traditional income docs don't reflect that reality.
Asset depletion loans convert liquid assets into qualifying income. No W-2 required. Your brokerage or investment account does the talking.
680+
Min Credit Score
20% typical
Down Payment
Non-QM
Loan Type
60 days max
Asset Statement Age
Asset Depletion Loans in Capitola
Lenders divide your liquid assets by a set number of months — often 360 — to calculate monthly income. That number is what gets you approved.
Credit requirements run higher on these loans. Expect lenders to want 680 or above. Down payments typically start at 20%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Capitola.
Capitola attracts retirees and high-net-worth buyers who hold real wealth in portfolios, not paychecks. Traditional income docs don't reflect that reality.
Asset depletion loans convert liquid assets into qualifying income. No W-2 required. Your brokerage or investment account does the talking.
Lenders divide your liquid assets by a set number of months — often 360 — to calculate monthly income. That number is what gets you approved.
Most banks won't touch asset depletion loans. This is non-QM territory — specialty lenders only.
SRK CAPITAL works with 200+ wholesale lenders. Several specialize in non-QM programs built for exactly this borrower profile.
The biggest mistake I see: borrowers counting retirement accounts with early-withdrawal penalties. Lenders discount those heavily — or exclude them entirely.
Taxable brokerage accounts, money market funds, and savings count cleanest. The more liquid and penalty-free, the stronger your file.
Bank statement loans work better if you run a business with active cash flow. Asset depletion fits buyers who are past that stage — sitting on accumulated wealth.
DSCR loans are for rental properties generating rent. Asset depletion is for your primary or second home in Capitola, funded by what you've already built.
Capitola draws a significant second-home and retirement buyer pool. Many are cash-rich but income-light on paper — asset depletion was designed for them.
Santa Cruz County properties often carry premium price tags. You'll need substantial liquid assets to generate enough calculated income to qualify.
Savings, checking, money market, and taxable brokerage accounts qualify. Retirement accounts may count at a discount if penalty-free.
Yes. Asset depletion works for primary residences and second homes. Investment properties typically require a DSCR loan instead.
They divide eligible assets by the loan term in months — commonly 360. That monthly figure becomes your qualifying income.
Most non-QM lenders want 680 or higher. Higher scores better rates. Rates vary by borrower profile and market conditions.
You preserve liquidity and keep assets invested. A mortgage lets your portfolio keep compounding while the property gets financed.
Yes. SRK CAPITAL works with wholesale lenders who specialize in non-QM asset depletion programs throughout California, including Capitola.