Question 1

What assets qualify for this loan in Clovis?

Accepted Answer

Savings, checking, and brokerage accounts typically qualify in full. Retirement accounts are usually counted at 60–70% of their value.

Question 2

Can I use this loan to buy a primary home in Clovis?

Accepted Answer

Yes. Asset depletion loans work for primary residences and second homes. Most lenders in this space allow both.

Question 3

Do I need any income at all to qualify?

Accepted Answer

Not necessarily. The calculated asset income replaces traditional income. Some lenders allow a hybrid of both income and assets.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide your total eligible assets by the loan term in months — typically 360. That number becomes your monthly qualifying income.

Question 5

Are interest rates higher on asset depletion loans?

Accepted Answer

Yes. Non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How is this different from a no-income loan?

Accepted Answer

Asset depletion is not a stated-income product. Lenders verify and document your assets — they just convert them to income mathematically.

Asset Depletion Loans in Clovis, CA