Question 1

What assets can I use to qualify in Piedmont?

Accepted Answer

Checking, savings, money market, brokerage, and retirement accounts all count. Each asset type has its own discount rate applied by the lender.

Question 2

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and the lender's formula. A larger loan requires more assets to generate enough imputed monthly income.

Question 3

Is asset depletion available for jumbo loans?

Accepted Answer

Yes. Many non-QM lenders offer asset depletion well above conforming limits. This is common for higher-priced Alameda County properties.

Question 4

Do I need to liquidate my assets to qualify?

Accepted Answer

No. Assets stay in your accounts. Lenders use your balance to calculate income — you don't actually draw them down.

Question 5

What credit score do I need for asset depletion?

Accepted Answer

Most lenders require at least 620. Better scores get better rates. Rates vary by borrower profile and market conditions.

Question 6

Can I use a trust account or LLC-held assets?

Accepted Answer

Sometimes. Some lenders allow trust accounts if you're a named beneficiary with access. LLC-held assets are harder — ask your broker upfront.

Asset Depletion Loans in Piedmont, CA