Question 1

What assets count for an asset depletion loan?

Accepted Answer

Cash, savings, brokerage accounts, and retirement funds typically qualify. Retirement accounts usually count at 60–70% of their value.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No employment income is required. Your assets alone can serve as the income basis for the loan.

Question 3

How does the income calculation work?

Accepted Answer

Lenders divide eligible assets by a set number of months — often the loan term. That monthly figure is your qualifying income.

Question 4

Can I use this loan to buy in Gridley as a retiree?

Accepted Answer

Yes. Retirees with strong savings but no W-2 income are a primary use case for this program.

Question 5

How long do assets need to be in my account?

Accepted Answer

Most lenders require two months of account statements. Assets should be seasoned — not freshly deposited.

Question 6

Are asset depletion loans harder to qualify for than conventional loans?

Accepted Answer

The income bar can be harder to clear. But for borrowers with real liquid wealth, this is often the only program that works.

Asset Depletion Loans in Gridley, CA