Question 1

What counts as a liquid asset for this loan?

Accepted Answer

Checking, savings, stocks, and retirement accounts typically qualify. Illiquid assets like real estate equity do not count.

Question 2

How do lenders calculate income from assets?

Accepted Answer

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

Question 3

Can I use this loan to buy in Taft if I'm retired?

Accepted Answer

Yes. This program was built for borrowers without active employment income. Retirees are the primary use case.

Question 4

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.

Question 5

Do I have to actually spend down my assets?

Accepted Answer

No. Lenders use the depletion calculation to qualify you — you keep your assets intact after closing.

Asset Depletion Loans in Taft, CA