Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Lenders require liquid or near-liquid holdings — not real estate equity or business interests.

Question 2

Can I use retirement funds if I'm not yet retired?

Accepted Answer

Yes, but lenders often apply a haircut to pre-retirement accounts. A 30–40% discount is common on funds with early withdrawal penalties.

Question 3

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

Accepted Answer

It depends on the loan size and term. Lenders divide total assets by the depletion period — more assets means a higher qualifying income figure.

Question 4

Is asset depletion a good option for retirees here?

Accepted Answer

It's one of the strongest non-QM tools for retirees. Social Security plus a large asset base can clear most underwriting requirements.

Question 5

How long does it take to close an asset depletion loan?

Accepted Answer

Expect 21–30 days in most cases. Non-QM underwriting takes longer than conventional — document your assets early to avoid delays.

Question 6

Do asset depletion rates differ from conventional rates?

Accepted Answer

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

Asset Depletion Loans in Victorville, CA