Question 1

What assets count toward qualification in Clayton?

Accepted Answer

Cash, stocks, bonds, mutual funds, and retirement accounts like IRAs and 401(k)s. Real estate equity and illiquid business holdings don't qualify.

Question 2

How much in assets do I need for a $1M Clayton home?

Accepted Answer

Expect $1.5-2M minimum in liquid assets after your down payment. Lenders want cushion beyond the calculated income requirement.

Question 3

Can I use retirement accounts without penalty?

Accepted Answer

Yes, lenders verify balances but don't require withdrawals. Your accounts stay intact—they're just used for income calculation purposes.

Question 4

Do asset depletion loans have prepayment penalties?

Accepted Answer

Most carry 2-3 year prepayment penalties typical of non-QM loans. Some lenders offer no-penalty options at higher rates.

Question 5

How long does asset depletion underwriting take?

Accepted Answer

30-45 days typical. Slower than conventional because lenders manually verify each account and calculate asset-to-income conversions.

Asset Depletion Loans in Clayton: Qualify With Your Portfolio, Not Your Paystub