Question 1

What counts as a liquid asset for this loan?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of their balance.

Question 2

Can I use this loan to buy in Rio Dell without a job?

Accepted Answer

Yes — that's exactly the point. You qualify on assets, not employment income. Credit and down payment requirements still apply.

Question 3

How is my qualifying income calculated?

Accepted Answer

Lenders divide eligible assets by the loan term, usually 360 months. A $540,000 liquid portfolio produces $1,500/month in qualifying income.

Question 4

Are rates higher than conventional loans?

Accepted Answer

Yes. Asset depletion is a non-QM product. Expect rates above conventional. Rates vary by borrower profile and market conditions.

Question 5

Do I need to deplete my assets to repay the loan?

Accepted Answer

No. The depletion calculation is only used for qualifying. You make normal monthly mortgage payments — assets stay intact.

Asset Depletion Loans in Rio Dell, CA