Question 1

How much in assets do I need to qualify in Pleasanton?

Accepted Answer

It depends on the loan amount and the lender's depletion formula. A $1.2M loan may require $2M+ in liquid assets after down payment and reserves.

Question 2

Can I use my 401k or IRA for asset depletion?

Accepted Answer

Yes, but most lenders discount retirement accounts to 60–70% of value. Accessible, non-retirement accounts get full credit.

Question 3

Is asset depletion a risky loan type?

Accepted Answer

The risk is in the rate and underwriting standards, not the structure. You're still getting a fixed or ARM mortgage — just qualified differently.

Question 4

Do I need to actually spend down my assets?

Accepted Answer

No. The depletion calculation is a qualification method, not a spending requirement. Your assets stay invested.

Question 5

How long does it take to close an asset depletion loan?

Accepted Answer

Non-QM loans typically close in 21–30 days. Asset verification can add time if accounts are spread across multiple institutions.

Question 6

What credit score do I need for asset depletion in Alameda County?

Accepted Answer

Most non-QM lenders want 680 or above. Higher scores get better rates and terms. Below 660, options narrow significantly.

Asset Depletion Loans in Pleasanton, CA