Question 1

How much in assets do I need to qualify?

Accepted Answer

It depends on the loan amount and lender formula. Generally, lenders divide assets by 360 months to get monthly income — work backward from your target payment.

Question 2

Can I use my 401k for asset depletion?

Accepted Answer

Yes, but most lenders discount retirement accounts by 30% or more. Liquid brokerage and savings accounts count at full value.

Question 3

Does asset depletion work for primary homes in Campbell?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. It is not limited to investment properties.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender, but most non-QM asset depletion programs want at least a 680. Higher scores get better pricing. Rates vary by borrower profile and market conditions.

Question 5

How is asset depletion different from a standard income loan?

Accepted Answer

Standard loans verify monthly income from employment or self-employment. Asset depletion converts your portfolio balance into a calculated monthly income figure instead.

Question 6

Can I combine assets with other income sources?

Accepted Answer

Yes. Many lenders allow blended qualification — part traditional income, part asset depletion. That combination can strengthen your file significantly.

Asset Depletion Loans in Campbell, CA