Question 1

What assets qualify for asset depletion in Los Altos?

Accepted Answer

Cash, checking, savings, and brokerage accounts typically count. Retirement accounts often qualify at 70% of value if you're past withdrawal age.

Question 2

Can I use stock options to qualify?

Accepted Answer

Unvested options are excluded by most lenders. Vested shares in publicly traded companies may count if they've been seasoned at least 60 days.

Question 3

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and lender formula. A $2M loan often requires $4M or more in eligible liquid assets after down payment and reserves.

Question 4

Is asset depletion available for second homes?

Accepted Answer

Yes. Most non-QM lenders allow asset depletion on primary residences and second homes. Investment properties typically require a DSCR loan instead.

Question 5

How long does asset depletion loan approval take?

Accepted Answer

Non-QM underwriting runs 3–5 weeks in most cases. Having 60-day account statements ready upfront speeds things up considerably.

Question 6

Do I need to be retired to use this loan?

Accepted Answer

No. Retirement status isn't required. Any borrower with sufficient liquid assets and minimal documentable income can qualify.

Asset Depletion Loans in Los Altos, CA