Question 1

What types of assets count toward the $500K minimum?

Accepted Answer

Stocks, bonds, mutual funds, and savings accounts count at full value. IRAs and 401ks get discounted 30-40% at most lenders if you're under 59½ due to early withdrawal penalties.

Question 2

Can I use asset depletion for investment properties in Calipatria?

Accepted Answer

Yes, though DSCR loans usually price better when rental income covers the payment. Asset depletion works for second homes and vacation properties where rental income doesn't apply.

Question 3

How much down payment do I need with asset depletion?

Accepted Answer

Expect 20% minimum for primary homes, 25-30% for second homes and investment properties. Higher down payments can offset lower credit scores in underwriting.

Question 4

Do lenders verify where my assets came from?

Accepted Answer

Yes. You need 60 days of account statements showing seasoned funds. Large recent deposits require sourcing to prove the money isn't borrowed, which would affect debt ratios.

Question 5

What rates should I expect in Imperial County as of February 2026?

Accepted Answer

Asset depletion rates run 0.75-1.5% above conventional pricing. Rates vary by borrower profile and market conditions, with credit score and loan-to-value ratio driving the biggest differences.

Asset Depletion Loans in Calipatria: Qualify Using Your Portfolio, Not Paychecks