Question 1

What assets qualify for asset depletion loans?

Accepted Answer

Cash, brokerage accounts, and retirement funds typically qualify. Illiquid assets like real estate or business equity usually do not.

Question 2

Can a retired physician in Loma Linda use this loan?

Accepted Answer

Yes. Retirees with strong liquid assets are the ideal borrower. No income history required if assets meet the lender's threshold.

Question 3

How is monthly income calculated from assets?

Accepted Answer

Lenders divide eligible assets by a set term — often 360 months. The result is treated as your qualifying monthly income.

Question 4

Are asset depletion loans harder to get approved?

Accepted Answer

They require stronger down payments and credit than conventional loans. But they open doors when tax returns show little income.

Question 5

Do retirement accounts count at full value?

Accepted Answer

Often not. Many lenders discount retirement accounts by 30-40% before calculating income. Confirm the exact method upfront.

Question 6

What credit score do I need in San Bernardino County?

Accepted Answer

Most non-QM lenders want 680 or higher for asset depletion. Some go lower with a larger down payment.

Asset Depletion Loans in Loma Linda, CA