Question 1

What assets count toward qualification in Highland?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts count at 60-70%. Crypto and home equity are usually excluded.

Question 2

Do I need a job to get an asset depletion loan?

Accepted Answer

No. That's the point of this program. Lenders qualify you on your liquid assets alone, with no employment or tax return income required.

Question 3

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and term. Divide your target monthly payment by your assets — your lender sets the divisor, typically 60-84 months.

Question 4

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes. Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions, so exact pricing depends on your file.

Question 5

Can I use an asset depletion loan for a second home in Highland?

Accepted Answer

Yes. These programs work for primary residences and second homes. Investment properties typically require a DSCR or other non-QM product instead.

Question 6

How long does an asset depletion loan take to close?

Accepted Answer

Non-QM loans generally close in 21-30 days. Having your asset statements ready and seasoned upfront keeps the process moving without delays.

Asset Depletion Loans in Highland, CA