Question 1

What assets qualify for asset depletion in Brawley?

Accepted Answer

Checking, savings, brokerage, and money market accounts typically qualify. Retirement accounts may count at a reduced value.

Question 2

How does the lender calculate my income?

Accepted Answer

Lenders divide eligible assets by a set number of months. That figure becomes your qualifying monthly income.

Question 3

Do I need to sell my assets to qualify?

Accepted Answer

No. The assets stay in your accounts. Lenders just use them to calculate income on paper.

Question 4

What credit score do I need for asset depletion?

Accepted Answer

Most non-QM lenders want 620 or higher. Better credit usually gets you a better rate. Rates vary by borrower profile and market conditions.

Question 5

Can farmers or ag landowners use asset depletion loans?

Accepted Answer

Yes — and it's a strong fit. Low taxable income is common in ag, but significant assets often exist.

Asset Depletion Loans in Brawley, CA