Question 1

What assets count toward qualification in Ferndale?

Accepted Answer

Checking, savings, and brokerage accounts qualify. Retirement accounts typically count at 60–70% of value.

Question 2

How much do I need saved to buy in Ferndale?

Accepted Answer

Depends on the loan amount and the depletion schedule your lender uses. More assets equal higher qualifying income.

Question 3

Can I use proceeds from a recent home sale?

Accepted Answer

Yes. Documented sale proceeds sitting in a liquid account are strong qualifying assets. Season them for 30–60 days if possible.

Question 4

Is asset depletion available for second homes?

Accepted Answer

Most non-QM lenders allow it on second homes and investment properties. Expect a higher rate than on a primary residence.

Question 5

Do I need to show any income at all?

Accepted Answer

Not with asset depletion. The asset calculation replaces income documentation entirely. No tax returns required.

Question 6

How is the rate on asset depletion loans compared to conventional?

Accepted Answer

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

Asset Depletion Loans in Ferndale, CA