Question 1

What assets count toward qualification in Los Banos?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Illiquid assets like real estate equity or business ownership usually do not count.

Question 2

Do I need any income at all for this loan?

Accepted Answer

No traditional income is required. Lenders calculate a monthly income figure based solely on your documented liquid asset balance.

Question 3

How much do I need in assets to qualify?

Accepted Answer

It depends on the purchase price and loan amount. Generally, your assets must be large enough to cover both the loan term and reserves.

Question 4

Is an asset depletion loan more expensive than a conventional loan?

Accepted Answer

Yes — rates run higher than conventional loans. This is a non-QM product, so lenders price in added risk. Rates vary by borrower profile and market conditions.

Question 5

Can retired farmers in Merced County use this program?

Accepted Answer

Absolutely. Retirees who sold land or equipment and now hold significant investment accounts are strong candidates for asset depletion financing.

Question 6

How long does the asset depletion loan process take?

Accepted Answer

Expect 30-45 days. Documentation review is thorough — lenders verify every account carefully before approval.

Asset Depletion Loans in Los Banos, CA