Question 1

What assets qualify for asset depletion in California?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Each account type is weighted differently by the lender.

Question 2

Can I use a recent home sale to qualify?

Accepted Answer

Yes. Proceeds from a home sale deposited into a liquid account can count. The funds need to be sourced and seasoned per lender guidelines.

Question 3

How does the income calculation work?

Accepted Answer

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

Question 4

Is asset depletion available for second homes in Amador County?

Accepted Answer

Yes. Many lenders allow it for second homes and vacation properties. Expect stricter down payment requirements than a primary residence.

Question 5

Do I need any employment history to qualify?

Accepted Answer

No employment history is required. That's the core advantage — assets replace income entirely for qualification purposes.

Asset Depletion Loans in Jackson, CA