Question 1

What assets qualify for asset depletion in Irvine?

Accepted Answer

Liquid assets like brokerage accounts, savings, and money markets count. Retirement accounts usually count at 60–70% of their balance.

Question 2

Can I use this loan to buy a home in Irvine as a retiree?

Accepted Answer

Yes — this program was built for exactly that situation. No employment history required, just documented liquid assets.

Question 3

How much can I borrow with an asset depletion loan?

Accepted Answer

Loan amounts depend on your asset total and lender guidelines. Many wholesale lenders go well above the conforming limit for qualified borrowers.

Question 4

Is asset depletion the same as a stated income loan?

Accepted Answer

No. You must fully document your assets with statements. Income is calculated from those assets — it's verified, not stated.

Question 5

How is my qualifying income calculated?

Accepted Answer

Lenders divide your eligible assets by a term — often 60 to 84 months. That result is your monthly qualifying income.

Question 6

Will my rate be higher than a conventional loan?

Accepted Answer

Asset depletion is non-QM, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Irvine, CA