Question 1

What assets qualify for this loan in Adelanto?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of balance.

Question 2

Can I use a joint account for asset depletion?

Accepted Answer

Some lenders allow it, but may only count your ownership percentage. Ask about co-borrower rules before submitting.

Question 3

Is asset depletion harder to get than a conventional loan?

Accepted Answer

Yes. It's non-QM, so rates are higher and guidelines vary by lender. Having a broker shop multiple lenders helps.

Question 4

Do I need to be retired to use this program?

Accepted Answer

No. Any borrower with significant liquid assets and minimal income can qualify — retired or not.

Question 5

How much in assets do I need to buy in Adelanto?

Accepted Answer

That depends on the loan amount and term used. A broker can run the math once you have a target purchase price.

Asset Depletion Loans in Adelanto, CA