Question 1

How do lenders calculate income from my assets?

Accepted Answer

They divide eligible assets by a set number of months — often 60 to 360. That monthly figure becomes your qualifying income.

Question 2

Can I use my 401(k) to qualify?

Accepted Answer

Most lenders allow retirement accounts with a 30-40% discount applied. Vested balances count; unvested do not.

Question 3

Does this loan work for a primary home in Aliso Viejo?

Accepted Answer

Yes. Asset depletion works for primary residences, second homes, and investment properties. Guidelines shift by occupancy type.

Question 4

What credit score do I need?

Accepted Answer

Most non-QM lenders set a floor around 620. Higher scores improve your rate significantly. Rates vary by borrower profile and market conditions.

Question 5

Is this loan harder to close than a conventional?

Accepted Answer

Timeline is similar — 30 to 45 days typically. Asset documentation review adds steps, so gather statements early.

Question 6

What assets do NOT qualify?

Accepted Answer

Illiquid assets like real estate equity, business ownership stakes, or restricted stock usually don't count. Lenders want assets you can access.

Asset Depletion Loans in Aliso Viejo, CA