Question 1

What assets can I use to qualify in San Anselmo?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically count. Lenders may discount retirement accounts to 60–70% of their value.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No traditional income is required. Your liquid assets serve as the qualifying income source.

Question 3

Is this a good loan for a Marin County retiree?

Accepted Answer

Yes. Retirees with significant savings but no W-2 are the exact borrower these programs were designed for.

Question 4

How does the lender calculate my income from assets?

Accepted Answer

They divide your total eligible assets by the loan term in months. That monthly figure is your qualifying income.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, non-QM programs typically carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How long does my money need to be in the account?

Accepted Answer

Most lenders require 60 days of account statements showing the funds. Moving money just before applying can cause problems.

Asset Depletion Loans in San Anselmo, CA