Question 1

What types of assets qualify for depletion?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts may count at a discount depending on the lender.

Question 2

Can I use this loan for a second home in Sand City?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Investment properties have fewer lender options.

Question 3

What credit score do I need?

Accepted Answer

Most lenders start at 680 for asset depletion. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

How much do I need in assets to qualify?

Accepted Answer

That depends on the loan size and the lender's divisor formula. A broker can run the math before you apply.

Question 5

Is asset depletion available at big banks?

Accepted Answer

Rarely. This is a non-QM product that lives in the wholesale lending market, not at retail branches.

Question 6

How does asset depletion differ from a bank statement loan?

Accepted Answer

Bank statement loans require documented cash flow. Asset depletion requires no income at all — just verified liquid assets.

Asset Depletion Loans in Sand City, CA