Question 1

What assets count for asset depletion qualifying?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60-70% of their value.

Question 2

Can I use this loan for a second home in Monterey?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. It is not limited to investment properties.

Question 3

Do I need any income at all?

Accepted Answer

Most non-QM lenders using asset depletion require no traditional employment income. Your assets do the qualifying work.

Question 4

How is my monthly income calculated?

Accepted Answer

Lenders typically divide eligible assets by 360 months. The result becomes your qualifying monthly income for debt-to-income purposes.

Question 5

Is asset depletion a risky loan type?

Accepted Answer

It is a non-QM product, so underwriting standards differ from conventional loans. Terms vary widely — shopping multiple lenders matters.

Asset Depletion Loans in Del Rey Oaks, CA