Question 1

What assets count toward qualification?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Retirement balances are usually discounted before the income calculation.

Question 2

Do I need to sell my assets to qualify?

Accepted Answer

No. Lenders calculate hypothetical monthly income from the assets. You keep the money — it never has to be liquidated.

Question 3

Can I buy rural land in Modoc County with this loan?

Accepted Answer

It depends on acreage and property type. Some non-QM lenders restrict rural or agricultural parcels. Ask before you shop.

Question 4

What credit score do I need?

Accepted Answer

Most non-QM lenders want at least 620. Higher scores unlock better rates. Rates vary by borrower profile and market conditions.

Question 5

How is this different from a conventional loan?

Accepted Answer

Conventional loans require verified income from employment. Asset depletion replaces that with a calculated draw from your liquid holdings.

Question 6

Can retirees in Alturas use this program?

Accepted Answer

Yes — it's one of the strongest fits for retirees. Social Security alone often falls short; asset depletion bridges that gap.

Asset Depletion Loans in Alturas, CA