Question 1

What assets qualify for asset depletion in Roseville?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually don't count.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No employment income is required. Your assets alone can serve as your qualifying income source.

Question 3

What credit score do I need for this loan?

Accepted Answer

Most lenders require at least 680. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I use this for a second home in Roseville?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Investment properties typically use DSCR instead.

Question 5

How much do I need in assets to buy in Roseville?

Accepted Answer

It depends on the purchase price and term. A broker can run the asset calculation once you know your target price.

Question 6

Is asset depletion harder to get approved than a conventional loan?

Accepted Answer

Underwriting is stricter on documentation. But for asset-rich borrowers with no income, it's often the only viable path.

Asset Depletion Loans in Roseville, CA