Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, money market, and investment accounts typically qualify. Retirement accounts may count at a reduced percentage.

Question 2

Can I use an asset depletion loan on a primary home?

Accepted Answer

Yes. Unlike DSCR loans, asset depletion works on primary residences, second homes, and investment properties.

Question 3

How much down payment do I need?

Accepted Answer

Most non-QM lenders require 20–30% down for asset depletion loans. Requirements vary by lender and borrower profile.

Question 4

Do I need to show any employment history?

Accepted Answer

No employment or income documentation is required. Lenders qualify you solely on verified liquid assets.

Question 5

How does the income calculation actually work?

Accepted Answer

Lenders divide your eligible assets by a set number of months. That figure is treated as your monthly qualifying income.

Question 6

Are asset depletion loan rates higher than conventional rates?

Accepted Answer

Yes, non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Laguna Hills, CA