Question 1

What assets can I use to qualify in Susanville?

Accepted Answer

Savings, brokerage, and retirement accounts are common. Lenders typically discount retirement accounts before counting them.

Question 2

Do I need a job to get an asset depletion loan?

Accepted Answer

No. That's the point. Your assets replace employment income in the qualification calculation.

Question 3

How does the lender calculate my income from assets?

Accepted Answer

They divide your eligible asset total by a set number of months — often 360. That monthly figure is your qualifying income.

Question 4

Is asset depletion available for second homes near Susanville?

Accepted Answer

Yes. Many non-QM lenders allow asset depletion on second homes. Expect a slightly higher rate than a primary residence.

Question 5

Are rates higher on asset depletion loans than conventional?

Accepted Answer

Yes, typically. Non-QM programs carry more lender risk. Rates vary by borrower profile and market conditions.

Question 6

Can I use an IRA or 401(k) for asset depletion?

Accepted Answer

Most lenders allow it with a 30-40% haircut applied first. The net amount after that discount counts toward your qualifying assets.

Asset Depletion Loans in Susanville, CA