Question 1

What counts as a liquid asset for this loan?

Accepted Answer

Savings, brokerage accounts, and retirement funds typically qualify. Lenders apply discounts based on account type and accessibility.

Question 2

Can I use this loan for a second home in Isleton?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Investment properties usually fit better under DSCR programs.

Question 3

Do I need any employment income at all?

Accepted Answer

No. That's the point of this program. Your assets alone can satisfy the income requirement.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide eligible assets by a set number of months — often 60 to 84. That produces a monthly income figure used for approval.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

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

Question 6

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and term. Your assets must produce enough monthly income to cover the debt-to-income threshold.

Asset Depletion Loans in Isleton, CA