Question 1

What assets count toward qualification in Crescent City?

Accepted Answer

Checking, savings, and brokerage accounts typically count fully. Retirement accounts often count at 60–70% of their value depending on the lender.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No traditional income is required. Your liquid assets serve as the income source after the lender applies their depletion formula.

Question 3

What credit score do I need for this loan?

Accepted Answer

Most non-QM lenders want at least 680. Higher scores open better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I use this loan for a second home in Crescent City?

Accepted Answer

Yes. Asset depletion programs work for primary homes, second homes, and investment properties. Terms differ by property type.

Question 5

How long does it take to close an asset depletion loan?

Accepted Answer

Most non-QM loans close in 21–30 days. Documentation review takes longer than a standard loan, so start gathering statements early.

Asset Depletion Loans in Crescent City, CA