Question 1

What assets count toward qualification in San Diego?

Accepted Answer

Checking, savings, and brokerage accounts typically count in full. Retirement accounts usually count at 60–70% of their value.

Question 2

Can I use a joint account for asset depletion?

Accepted Answer

Yes, but most lenders require all account holders to be on the loan. Confirm this with your lender before counting joint funds.

Question 3

Do asset depletion loans require employment verification?

Accepted Answer

No. That's the point. You qualify on assets alone — no employer, no pay stubs, no income verification required.

Question 4

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry a premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 5

What's the minimum asset amount needed in San Diego?

Accepted Answer

It depends on your loan amount and the lender's divisor. A $1M loan with a 120-month divisor requires $1M+ in qualifying assets after down payment.

Question 6

Can military retirees in San Diego use this loan type?

Accepted Answer

Yes. TSP balances and brokerage accounts can supplement a pension. Asset depletion is a strong option for retired service members here.

Asset Depletion Loans in San Diego