Question 1

What assets qualify for asset depletion in Yucca Valley?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts may count at a reduced percentage depending on your age.

Question 2

Can I use this loan to buy a Joshua Tree area second home?

Accepted Answer

Yes. Asset depletion works for second homes. It's one of the few non-QM programs lenders approve for non-primary residences without employment income.

Question 3

How does the income calculation actually work?

Accepted Answer

Lenders divide your eligible asset total by a set number of months. That figure becomes your qualifying monthly income on the loan application.

Question 4

What credit score do I need for asset depletion?

Accepted Answer

Most non-QM lenders start at 620. Better scores get better pricing. Rates vary by borrower profile and market conditions.

Question 5

Is asset depletion harder to get approved than a conventional loan?

Accepted Answer

The income documentation is different, not harder. You need to show verifiable liquid assets and meet credit and down payment requirements.

Question 6

Why use a broker instead of going direct to a non-QM lender?

Accepted Answer

Non-QM guidelines vary sharply between lenders. We compare asset depletion programs across 200+ wholesale lenders to find the right fit for your asset profile.

Asset Depletion Loans in Yucca Valley, CA