Question 1

What assets count toward qualification in Milpitas?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Retirement accounts are usually discounted to 60-70% of their value.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No employment income is required. The lender treats your divided asset total as your monthly income figure.

Question 3

Can I use stock options or RSUs as assets?

Accepted Answer

Vested shares that are liquid may qualify. Unvested RSUs and options typically do not count toward the asset calculation.

Question 4

How large of a loan can I get with asset depletion?

Accepted Answer

Jumbo loan amounts are available through non-QM lenders. Your asset total and credit profile determine the ceiling.

Question 5

How does asset depletion compare to a bank statement loan?

Accepted Answer

Bank statement loans require active business income over 12-24 months. Asset depletion works when you've stopped generating regular income entirely.

Question 6

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Milpitas, CA