Question 1

What assets qualify for this loan in California?

Accepted Answer

Liquid assets qualify — savings, checking, brokerage, and money market accounts. Real estate and farm equipment do not count.

Question 2

Can I use my IRA or 401k?

Accepted Answer

Most lenders allow it at 60–70% of the balance. You do not need to withdraw the funds — the math is hypothetical.

Question 3

How much do I need in assets to qualify?

Accepted Answer

Divide your target monthly payment by the lender's depletion rate to work backward. More assets means more qualifying income.

Question 4

Do I need any income at all?

Accepted Answer

Some lenders require zero income. Others want a small verified income floor. Guidelines vary — that is why shopping lenders matters.

Question 5

Is this loan available for a primary home in Gustine?

Accepted Answer

Yes. Asset depletion works for primary residences, second homes, and investment properties. Property type does not disqualify you.

Question 6

What credit score do lenders typically require?

Accepted Answer

Most non-QM lenders want at least 660–680, though some go lower with higher assets or a larger down payment.

Asset Depletion Loans in Gustine, CA