Question 1

What assets count for qualification in Merced?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at a discount. Real estate equity does not.

Question 2

How does a lender calculate my income?

Accepted Answer

They divide your eligible assets by a set number of months — usually 60 to 84. That monthly figure becomes your qualifying income.

Question 3

Do I need to be retired to use this loan?

Accepted Answer

No. Any borrower with sufficient liquid assets can qualify. Retirees are common, but so are investors and business owners between ventures.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender. Many non-QM lenders start at 680. Better scores open up better rates. Rates vary by borrower profile and market conditions.

Question 5

Can I use this for an investment property in Merced?

Accepted Answer

Yes, but DSCR loans may be a better fit for rentals. Asset depletion works well for primary or second home purchases.

Question 6

How is this different from a conventional loan?

Accepted Answer

Conventional loans require documented employment income. Asset depletion replaces that requirement entirely with verified liquid assets.

Asset Depletion Loans in Merced, CA