Question 1

What assets count toward qualification in Chico?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60-70% of their value.

Question 2

Can I use insurance settlement funds as assets?

Accepted Answer

Many lenders accept documented settlement funds as eligible assets. You'll need clear paper trail showing the source and current balance.

Question 3

What credit score do I need for asset depletion?

Accepted Answer

Most non-QM lenders want at least 680. Higher scores get better pricing — this is not a credit-repair product.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide your eligible assets by a set number of months — often 60 to 84. The result is treated as monthly income.

Question 5

Do I need to be retired to use this loan?

Accepted Answer

No. Any borrower with significant liquid assets and limited verifiable income can qualify. Retirees are common, but not the only fit.

Question 6

How does asset depletion differ from a no-doc loan?

Accepted Answer

Asset depletion still requires full documentation of your assets. It's no-income, not no-doc — lenders verify every account statement.

Asset Depletion Loans in Chico, CA