Question 1

How do lenders calculate my income from assets?

Accepted Answer

They divide your eligible liquid assets by a set term — often 360 months. That number becomes your monthly qualifying income.

Question 2

Do retirement accounts count as qualifying assets?

Accepted Answer

Yes, but lenders typically apply a 70% haircut. A $500k IRA may count as $350k in eligible assets.

Question 3

Can I use this loan for a vacation home on Clear Lake?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Lenders may require a higher down payment for second home purchases.

Question 4

What's the minimum credit score for this loan?

Accepted Answer

Most non-QM lenders want 620 or higher. Better scores get better pricing — and more lender options.

Question 5

How long do assets need to be in my account?

Accepted Answer

Most lenders require 60-90 days of account history. Moving funds right before closing can delay or kill your approval.

Question 6

Is asset depletion available through regular banks?

Accepted Answer

Rarely. This is a non-QM product. You'll find it through wholesale lenders — which brokers like SRK CAPITAL access directly.

Asset Depletion Loans in Clearlake, CA