Question 1

What types of assets count for qualification?

Accepted Answer

Checking, savings, brokerage, and money market accounts typically count. Retirement accounts may be included but are often discounted.

Question 2

Can I use this loan for a Laguna Beach vacation home?

Accepted Answer

Yes, but second home guidelines are stricter. Lenders will require higher reserves and may apply tighter asset verification rules.

Question 3

How do lenders calculate income from my assets?

Accepted Answer

They divide your eligible liquid asset total by a set term — usually 60 to 84 months. That number becomes your monthly qualifying income.

Question 4

Do I need any employment history to qualify?

Accepted Answer

No employment is required. That's the point of this program — it replaces income documentation with verified asset documentation.

Question 5

What credit score do I need for an asset depletion loan?

Accepted Answer

Most non-QM lenders want at least 700. Some go down to 680 with larger asset pools and lower loan-to-value ratios.

Question 6

Is asset depletion available for jumbo loan amounts?

Accepted Answer

Yes. Non-QM lenders regularly approve asset depletion loans well above conforming limits — critical for Laguna Beach price points.

Asset Depletion Loans in Laguna Beach, CA