Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, and brokerage accounts typically count at full value. Retirement accounts usually get discounted 30–40% before the calculation.

Question 2

Do I need any income at all to qualify?

Accepted Answer

Not necessarily. The calculated asset figure replaces income entirely on most programs. Some lenders require a minimum monthly income alongside it.

Question 3

What credit score do I need in Madera?

Accepted Answer

Most asset depletion lenders want at least a 680. Stronger credit can improve your rate and expand your program options.

Question 4

How much can I borrow with an asset depletion loan?

Accepted Answer

It depends on your assets, credit, and the lender's program limits. Non-QM programs can go into jumbo territory. No guarantee of any specific amount.

Question 5

Are asset depletion loans available for investment properties in Madera?

Accepted Answer

Yes. Some lenders allow asset depletion on non-owner occupied properties. A DSCR loan may also be worth comparing for investment purchases.

Question 6

How long does it take to close an asset depletion loan?

Accepted Answer

Non-QM loans typically take 21–30 days. Having 12 months of asset statements ready upfront speeds up the process considerably.

Asset Depletion Loans in Madera, CA