Question 1

How do lenders calculate income from assets?

Accepted Answer

They divide eligible assets by the loan term in months — usually 360. That monthly figure is your qualifying income.

Question 2

Can I use my 401k for asset depletion?

Accepted Answer

Yes, but most lenders discount retirement accounts by 30–40%. Taxable liquid accounts give you more qualifying power.

Question 3

Do I need any income at all to qualify?

Accepted Answer

No W-2 or tax return income is required. The asset calculation alone can support your qualification.

Question 4

What credit score do I need?

Accepted Answer

Most non-QM lenders want at least a 680. Better scores open lower rates. Rates vary by borrower profile and market conditions.

Question 5

Is this loan available for properties in Hollister?

Accepted Answer

Yes. Non-QM lenders lend in San Benito County. Property type and condition still affect approval.

Question 6

How is this different from a stated income loan?

Accepted Answer

You're not stating income — you're documenting real assets. Lenders verify every account with statements.

Asset Depletion Loans in Hollister, CA