Question 1

What assets count toward qualification in Palo Alto?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Lenders discount illiquid assets like real estate equity or business valuations.

Question 2

Can I use vested stock options as qualifying assets?

Accepted Answer

Some lenders accept vested, publicly traded shares. Unvested options and restricted stock are almost never counted.

Question 3

Do asset depletion loans have higher rates than conventional?

Accepted Answer

Yes. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.

Question 4

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan size and amortization schedule. Your assets must generate enough monthly income figure to cover the debt ratios.

Question 5

Is asset depletion available for jumbo loan amounts?

Accepted Answer

Yes. Many non-QM lenders specifically designed these programs for high-balance purchases. Palo Alto prices often require jumbo amounts.

Question 6

Can retired borrowers use this loan type in Santa Clara County?

Accepted Answer

Absolutely — this is one of the most common use cases. Retirees with portfolios but no active income are ideal candidates.

Asset Depletion Loans in Palo Alto, CA