Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

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

Question 2

Can I use this loan to buy a primary home in Rocklin?

Accepted Answer

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

Question 3

What credit score do I need?

Accepted Answer

Most lenders want 680 or higher for asset depletion programs. Some go lower, but rates climb sharply below that threshold.

Question 4

How do lenders calculate my income from assets?

Accepted Answer

They divide total eligible assets by the loan term in months — typically 360 for a 30-year loan. That monthly figure is your qualifying income.

Question 5

Do I need to liquidate assets to close?

Accepted Answer

No — and you shouldn't. Lenders verify assets exist. Moving large sums can disqualify accounts that weren't properly seasoned.

Question 6

Is an asset depletion loan more expensive than conventional?

Accepted Answer

Yes. Expect a higher rate than a conventional loan. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Rocklin, CA