Question 1

How do lenders calculate income from my assets?

Accepted Answer

They divide eligible assets by a set term — often 60 to 84 months. That monthly figure is your qualifying income.

Question 2

Can I use retirement accounts to qualify?

Accepted Answer

Yes, but lenders usually apply a discount — often 70% of the value. The account also typically needs to be accessible.

Question 3

Does this loan work for primary residences in Albany?

Accepted Answer

Yes. Asset depletion works for primary homes, second homes, and investment properties. Property type doesn't restrict eligibility.

Question 4

What credit score do I need?

Accepted Answer

Most lenders want at least 680. Stronger credit means better rates and more lender options. Rates vary by borrower profile and market conditions.

Question 5

How much in assets do I actually need?

Accepted Answer

Enough to generate qualifying monthly income after division. For higher-priced Albany homes, that often means $1M+ in liquid assets.

Question 6

Is asset depletion harder to get approved than a conventional loan?

Accepted Answer

It's a different underwriting path, not necessarily harder. The right lender and documentation make a big difference.

Asset Depletion Loans in Albany, CA