Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.

Question 2

How does the lender calculate my income?

Accepted Answer

They divide your eligible assets by a set number of months — often 60 to 84. That figure becomes your monthly qualifying income.

Question 3

Do I need any income at all to qualify?

Accepted Answer

Not necessarily. Some lenders allow pure asset-based qualification. Others require a small income floor — it depends on the program.

Question 4

Is an asset depletion loan harder to get in Lathrop?

Accepted Answer

Location rarely affects eligibility. What matters is your asset balance, credit profile, and the property type you're buying.

Question 5

Are rates higher on asset depletion loans?

Accepted Answer

Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.

Question 6

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

Accepted Answer

Yes, but most lenders apply a discount — often 60–70% of the vested balance. The funds usually need 60–90 days of seasoning too.

Asset Depletion Loans in Lathrop, CA