Question 1

What assets count for an asset depletion loan?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify at full value. Retirement accounts are often discounted to 60–70%.

Question 2

Do I need income at all to qualify?

Accepted Answer

No employment income is required. Your assets are converted into a calculated monthly income figure for qualifying purposes.

Question 3

Can I use this loan to buy in Hesperia as a retiree?

Accepted Answer

Yes. Retirees with strong liquid assets are a common use case. No W-2 or Social Security income is required.

Question 4

How is my qualifying income calculated?

Accepted Answer

Most lenders divide eligible assets by 360 months. A $900,000 portfolio could yield a $2,500 monthly qualifying figure.

Question 5

Are asset depletion loans more expensive than conventional?

Accepted Answer

Yes. Non-QM programs carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How fast can this loan close in Hesperia?

Accepted Answer

Timeline depends on documentation completeness. Well-prepared asset files can close in 21–30 days with the right lender.

Asset Depletion Loans in Hesperia, CA