Question 1

What assets count toward qualification in Mariposa?

Accepted Answer

Checking, savings, stocks, and retirement accounts typically qualify. Real estate equity and business accounts usually do not count.

Question 2

Can I use this loan for a Yosemite-area vacation property?

Accepted Answer

Yes. Lenders allow it but often require more reserves for second homes. Expect stricter asset minimums on those transactions.

Question 3

Does asset depletion work on rural land parcels?

Accepted Answer

It depends on acreage and property type. Many lenders cap eligible properties at 10 acres — confirm before you make an offer.

Question 4

What credit score do I need for this loan?

Accepted Answer

Most asset depletion lenders require a 680 or higher. Some go down to 660 with compensating factors like a large asset base.

Question 5

How long does asset depletion approval take?

Accepted Answer

Non-QM loans typically close in 21-30 days. Having all asset statements ready upfront prevents most delays.

Asset Depletion Loans in Mariposa, CA