Question 1

Can I use assets held in Mexican banks?

Accepted Answer

Yes, but you'll need certified translations and verification letters. Some lenders require seasoning statements showing 60-90 days of consistent balances.

Question 2

Do I pay taxes on assets used for qualification?

Accepted Answer

No. Lenders calculate theoretical income from your assets, but you don't withdraw or pay taxes on them. Your assets stay invested.

Question 3

What if my assets are in my business account?

Accepted Answer

Business accounts typically don't count for asset depletion. You'd need to show personal liquid assets or consider a bank statement loan instead.

Question 4

Can I use my primary residence equity?

Accepted Answer

No. Asset depletion requires liquid assets you can access. Home equity doesn't qualify, though cash-out refinance proceeds would after closing.

Question 5

How quickly can I close with asset depletion?

Accepted Answer

Plan 45-60 days in Calexico. Asset verification, appraisals, and non-QM underwriting all take longer than conventional loans.

Asset Depletion Loans in Calexico: Qualify Using Liquid Assets, Not Paystubs