Question 1

How do lenders calculate income from my assets?

Accepted Answer

They divide eligible liquid assets by a set term — usually 60 to 84 months. That monthly figure is treated as qualifying income.

Question 2

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

Accepted Answer

Yes, but most lenders discount retirement accounts by 30–40% for borrowers under 59½. Rules vary by lender, so shopping matters.

Question 3

Do I need to sell my assets to get this loan?

Accepted Answer

No. Lenders use asset balances to impute income. You keep your holdings intact throughout the process.

Question 4

What credit score do I need in Redlands for this program?

Accepted Answer

Most non-QM asset depletion lenders require 680 or higher. Some programs allow 660 with stronger asset reserves.

Question 5

How long do assets need to be in my account?

Accepted Answer

Most lenders require 60 days of seasoning. Funds moved in right before application typically will not count.

Question 6

Is asset depletion available for investment properties in Redlands?

Accepted Answer

Some lenders allow it on investment properties. DSCR is usually a cleaner fit if the property will generate rental income.

Asset Depletion Loans in Redlands, CA