Question 1

What assets qualify for this loan in California?

Accepted Answer

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

Question 2

Do I need income at all to qualify?

Accepted Answer

No traditional income is required. Your assets are converted into a monthly income figure using the lender's formula.

Question 3

Can a retired borrower in Wasco use this loan?

Accepted Answer

Yes — it's one of the best-suited borrower profiles. Retirees with sizable investment accounts often qualify cleanly.

Question 4

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and term used. A broker can run the math once they know your assets and target purchase price.

Question 5

Are asset depletion loans more expensive than conventional?

Accepted Answer

Yes. Expect a higher rate than conventional. Rates vary by borrower profile and market conditions.

Question 6

Can I use a 401k or IRA for asset depletion?

Accepted Answer

Often yes, but lenders typically apply a discount — sometimes 30% — to retirement balances before counting them.

Asset Depletion Loans in Wasco, CA