Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts may count at 70% of their value after lender discounts.

Question 2

Can I use a 401k for asset depletion in Chowchilla?

Accepted Answer

Yes, but most lenders discount it before calculating income. Expect 60–70% of the vested balance to count toward your qualifying figure.

Question 3

Is asset depletion available for a primary home purchase?

Accepted Answer

Yes. It works for primary residences and second homes. Investment property eligibility depends on the specific lender's guidelines.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide eligible assets by a set term — often 60 to 84 months. That result becomes your monthly income for underwriting.

Question 5

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

Accepted Answer

No. That's the point. This program exists for borrowers who have wealth but no active employment income.

Question 6

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Chowchilla, CA