Question 1

What assets count toward qualifying income in Chester?

Accepted Answer

Checking, savings, money market, and taxable investment accounts typically count. Retirement accounts may count at 60–70% of their value.

Question 2

Can I use this loan to buy a vacation home near Lake Almanor?

Accepted Answer

Yes. Asset depletion loans allow second-home use. Expect a slightly higher rate than a primary residence purchase.

Question 3

How is my income calculated with asset depletion?

Accepted Answer

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

Question 4

Do I need any employment history to qualify?

Accepted Answer

No. Asset depletion is designed for borrowers without active employment income. Assets alone drive the qualification.

Question 5

Are rates higher on asset depletion loans?

Accepted Answer

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

Question 6

Can a broker in Chester access asset depletion lenders?

Accepted Answer

A broker with wholesale access can shop multiple non-QM lenders. Direct retail banks rarely offer this program.

Asset Depletion Loans in Chester, CA