Question 1

What assets qualify for asset depletion in Portola?

Accepted Answer

Checking, savings, money market, and investment accounts typically qualify. Retirement accounts may be counted at a discount depending on your age.

Question 2

Can I use an asset depletion loan for a vacation cabin?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Lenders in Plumas County rural areas may require stronger asset reserves.

Question 3

How does the income calculation actually work?

Accepted Answer

Lenders divide eligible assets by the loan term — usually 360 months. The result is treated as monthly qualifying income.

Question 4

Do I need to be retired to use asset depletion?

Accepted Answer

No. Any borrower with significant liquid assets and limited documented income can qualify. Age is not a requirement.

Question 5

How does asset depletion compare to a bank statement loan?

Accepted Answer

Bank statement loans require active business deposits. Asset depletion uses existing holdings — no income activity required.

Question 6

Are asset depletion rates higher than conventional rates?

Accepted Answer

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

Asset Depletion Loans in Portola, CA