Question 1

What assets count toward qualification for Barstow asset depletion loans?

Accepted Answer

Bank accounts, stocks, bonds, mutual funds, and retirement accounts typically qualify. Lenders require liquid or near-liquid assets that can be documented through statements.

Question 2

Can I use my 401k or IRA for asset depletion mortgage qualification?

Accepted Answer

Yes, most lenders allow retirement accounts without requiring early withdrawal. They calculate qualifying income by dividing the balance over the loan term.

Question 3

How much do I need in assets to qualify in Barstow?

Accepted Answer

This depends on the purchase price and loan amount. Generally, you need enough assets to cover the down payment plus generate sufficient monthly qualifying income.

Question 4

Are asset depletion loan rates higher than conventional mortgages?

Accepted Answer

Yes, rates are typically higher due to the non-QM structure. Rates vary by borrower profile and market conditions, so comparing multiple lenders is essential.

Question 5

Do I need to live in the Barstow property to get an asset depletion loan?

Accepted Answer

No, these loans work for primary residences, second homes, and investment properties. Your occupancy type affects pricing and down payment requirements.

Asset Depletion Loans in Barstow, CA – Qualify Using Your Savings and Investments