Question 1

What assets qualify for asset depletion in Alameda County?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Illiquid assets like real estate equity usually don't count.

Question 2

Can I use a 401k or IRA to qualify?

Accepted Answer

Yes, but most lenders apply a 70% discount to retirement accounts. The remaining balance is then divided over the depletion term.

Question 3

What credit score do I need for this loan?

Accepted Answer

Most lenders require 680 or higher. Some go lower, but rates climb fast. Rates vary by borrower profile and market conditions.

Question 4

Can I buy a primary home in Newark with asset depletion?

Accepted Answer

Yes. This program works for primary residences, second homes, and investment properties depending on the lender.

Question 5

How is my monthly income calculated from assets?

Accepted Answer

Lenders divide total eligible assets by a set number of months — commonly 60 to 360. That figure becomes your qualifying income.

Question 6

Is asset depletion harder to qualify for than a conventional loan?

Accepted Answer

It has tighter asset and down payment requirements. But for borrowers with strong assets and low W-2 income, it's often the only path.

Asset Depletion Loans in Newark, CA