Question 1

What assets count toward the depletion calculation?

Accepted Answer

Checking, savings, money market, stocks, bonds, mutual funds, and retirement accounts all qualify. Real estate equity, business ownership, and crypto typically don't count.

Question 2

Can I use my spouse's assets if they're not on the loan?

Accepted Answer

Yes, if you're married you can use joint assets even if only one spouse is on the mortgage. You'll need statements showing both names on the accounts.

Question 3

How much should I put down on an asset depletion loan?

Accepted Answer

Minimum is usually 20%, but 25-30% down significantly improves your rate. The less you borrow relative to assets, the better your pricing.

Question 4

Do I have to liquidate my portfolio to get this loan?

Accepted Answer

No, you keep your investments. Lenders just use the portfolio value to calculate qualifying income. You make regular mortgage payments from whatever source you choose.

Question 5

What if my portfolio drops after I apply?

Accepted Answer

Lenders use statements from the application date. Market changes after you lock don't affect your approval as long as you maintain required reserves.

Asset Depletion Loans in Martinez: Qualify Using Your Portfolio, Not Your Paystub