Question 1

What assets count toward qualifying income?

Accepted Answer

Checking, savings, CDs, and brokerage accounts typically qualify. Retirement accounts may be discounted depending on your age.

Question 2

Do I need a job to get this loan?

Accepted Answer

No. Asset depletion loans are designed for borrowers with no employment income. Your assets do the qualifying work.

Question 3

How is my income calculated from assets?

Accepted Answer

Lenders divide your total eligible assets by a set number of months. That figure is treated as your monthly income.

Question 4

Is this loan available in Dos Palos?

Accepted Answer

Yes. It's a non-QM loan funded by wholesale lenders who serve all of California, including Merced County.

Question 5

What credit score do I need?

Accepted Answer

Requirements vary by lender. Most non-QM programs start around 620 to 660. Better scores get better rates.

Question 6

Can proceeds from a land sale qualify?

Accepted Answer

Possibly, if funds are seasoned in a liquid account — typically at least 60 days. Ask your broker before assuming.

Asset Depletion Loans in Dos Palos, CA