Question 1

What assets qualify for income calculation?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60–70% of their value.

Question 2

Can I use asset depletion for a condo in Emeryville?

Accepted Answer

Yes. Condos are eligible, but lenders will check the HOA's financials and owner-occupancy ratios. Warrantable condos get better terms.

Question 3

What credit score do I need?

Accepted Answer

Most non-QM lenders want at least 620. Better rates start around 700. Each lender sets its own minimum.

Question 4

How much can I borrow with asset depletion?

Accepted Answer

Loan amounts depend on your asset total and the lender's formula. Many non-QM programs go well above conforming limits for qualified borrowers.

Question 5

Is this a fixed or adjustable rate loan?

Accepted Answer

Both options exist. Fixed rates give stability. ARMs can offer lower initial rates but carry adjustment risk down the road.

Question 6

Do I need to be retired to use this loan?

Accepted Answer

No. Self-employed borrowers, investors, and high-net-worth buyers with low reported income all use asset depletion. Retirement is not a requirement.

Asset Depletion Loans in Emeryville, CA