Question 1

What assets count for asset depletion loans?

Accepted Answer

Stocks, bonds, mutual funds, and money market accounts typically count at full value. Retirement accounts like IRAs and 401(k)s may be discounted 30-40% depending on the lender.

Question 2

Can I use assets I'm putting toward the down payment?

Accepted Answer

Only what remains after closing counts. If you have $1M and use $300k for down payment and closing, you qualify based on the remaining $700k.

Question 3

How do rates compare to conventional loans in Beaumont?

Accepted Answer

Expect rates 0.5-1.5% higher than conventional. Rates vary by borrower profile and market conditions. Larger down payments can reduce the rate premium.

Question 4

Do I need to keep all my assets with one institution?

Accepted Answer

No. Lenders will aggregate accounts across multiple banks and brokerages. You'll need statements for each account showing balances and ownership.

Question 5

What credit score do I need for asset depletion in Riverside County?

Accepted Answer

Most lenders require 620 minimum. Higher scores unlock better rates and more flexible asset treatment. Expect extra scrutiny below 680.

Asset Depletion Loans in Beaumont — Qualify Without W-2 Income