Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at a discount, usually 60–70% of their value.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No traditional income is required. The lender creates a calculated income figure from your total eligible assets.

Question 3

What credit score do I need?

Accepted Answer

Most non-QM lenders want 680 or higher for asset depletion loans. Some go lower, but rates increase significantly below that threshold.

Question 4

Can I use this loan for an Atherton second home?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. Investment properties are usually better suited to DSCR loans.

Question 5

How large of a loan can I get?

Accepted Answer

Loan limits depend on your asset total and the lender's guidelines. Jumbo asset depletion loans are common and well-supported in the non-QM market.

Question 6

Are asset depletion loan rates higher than conventional?

Accepted Answer

Yes. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Atherton, CA