Question 1

What assets count toward qualification in Fort Bragg?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of value after the lender's discount.

Question 2

Can I use asset depletion for a second home on the Mendocino coast?

Accepted Answer

Yes. Second homes and primary residences both qualify. Investment properties are a harder fit — consider a DSCR loan instead.

Question 3

How is my income calculated under asset depletion?

Accepted Answer

Lenders divide eligible assets by a set number of months — often 60. That result becomes your monthly qualifying income.

Question 4

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

Accepted Answer

No employment is required. That's the point. Lenders qualify you on what you own, not what you earn.

Question 5

What credit score do I need for asset depletion in California?

Accepted Answer

Most non-QM lenders want 680 or higher. Some go lower, but expect a higher rate and larger down payment.

Question 6

How is asset depletion different from a standard mortgage?

Accepted Answer

Standard loans require verifiable income — W-2s or tax returns. Asset depletion replaces income with documented liquid wealth.

Asset Depletion Loans in Fort Bragg, CA