Question 1

How much in assets do I need to qualify?

Accepted Answer

It depends on the loan amount and repayment term. Lenders divide your assets over the loan period to calculate monthly income.

Question 2

Can I use a 401k or IRA for asset depletion?

Accepted Answer

Yes, but most lenders discount retirement accounts to 60–70% of their value. Liquid non-retirement accounts carry more weight.

Question 3

Do asset depletion loans have higher rates?

Accepted Answer

Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 4

Can I buy a rural property in El Dorado County with this loan?

Accepted Answer

Often yes, but lenders may add conditions for acreage or rural designations. We vet lender overlays before submitting your file.

Question 5

Do I need to show any income at all?

Accepted Answer

No employment income is required. The asset calculation substitutes as qualifying income under non-QM guidelines.

Question 6

What credit score do I need for asset depletion?

Accepted Answer

Most lenders require 680 or higher. A stronger score improves your rate and expands lender options significantly.

Asset Depletion Loans in Placerville, CA