Question 1

What assets qualify for this loan type?

Accepted Answer

Savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not.

Question 2

Can I use a 401k or IRA for asset depletion?

Accepted Answer

Yes, most lenders count retirement accounts. Some apply a haircut — discounting the value by 30% before the calculation.

Question 3

Do I need any income at all to qualify?

Accepted Answer

Not necessarily. Some lenders qualify on assets alone. Others want to see at least minimal income alongside the asset calculation.

Question 4

How large a loan can I get in Carmel By The Sea?

Accepted Answer

Non-QM lenders regularly go to $3M or more. The limit depends on your total assets and the lender's guidelines.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How long does this loan take to close?

Accepted Answer

Expect 30–45 days. Non-QM underwriting is manual, so documentation review takes longer than automated conventional processing.

Asset Depletion Loans in Carmel By The Sea