Question 1

How much in assets do I need to qualify in Graeagle?

Accepted Answer

Most lenders want at least $500K in eligible liquid assets. The exact amount depends on the loan size and lender guidelines.

Question 2

Can I use retirement accounts for asset depletion?

Accepted Answer

Yes, but lenders usually discount them 30-40%. Only the vested, accessible portion counts.

Question 3

Does asset depletion work for a vacation cabin?

Accepted Answer

Some lenders allow it on second homes. Confirm the property type before applying — not all non-QM lenders approve vacation properties.

Question 4

How does the monthly income calculation work?

Accepted Answer

Lenders divide total eligible assets by a set term, often 60 to 360 months. That number becomes your qualifying monthly income.

Question 5

Are asset depletion rates higher than conventional loans?

Accepted Answer

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

Question 6

What documents do I need to apply?

Accepted Answer

Expect to provide 3 months of complete statements for all qualifying accounts. Retirement accounts need to show vested balances.

Asset Depletion Loans in Graeagle, CA