Question 1

What assets qualify for this loan program?

Accepted Answer

Checking, savings, brokerage, and vested retirement accounts typically count. Real estate equity and business assets usually don't.

Question 2

How is my qualifying income calculated?

Accepted Answer

Lenders divide your eligible assets by a set number of months. A $1.2M portfolio divided by 120 months equals $10,000 in monthly income.

Question 3

Can I use this loan for a primary residence in San Leandro?

Accepted Answer

Yes. Asset depletion works on primary residences, second homes, and investment properties.

Question 4

What credit score do I need?

Accepted Answer

Most lenders start at 680. Higher scores get better pricing — non-QM rate spreads are sensitive to credit tiers.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Do I need to liquidate my assets to qualify?

Accepted Answer

No. The assets stay in your accounts. Lenders use the balance to calculate income — you don't spend them down.

Asset Depletion Loans in San Leandro, CA