Question 1

What assets count toward qualifying income in Saratoga?

Accepted Answer

Liquid assets — checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at a discount. Real estate equity usually does not.

Question 2

How is monthly income calculated from my assets?

Accepted Answer

Lenders divide eligible assets by the loan term in months. A $3M asset base divided by 360 produces an $8,333 monthly income figure.

Question 3

Do I need any income at all to qualify?

Accepted Answer

Not necessarily. The asset calculation substitutes for income. Some lenders require at least some income; others work purely on assets.

Question 4

Are asset depletion rates higher than conventional rates?

Accepted Answer

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

Question 5

Can I use asset depletion for a jumbo loan in Saratoga?

Accepted Answer

Yes — and that's the most common use case here. Most non-QM lenders offering asset depletion also handle jumbo loan amounts.

Question 6

How far in advance should I prepare my asset documentation?

Accepted Answer

Pull statements 60–90 days before applying. Lenders want recent, consistent documentation with no large unexplained transfers.

Asset Depletion Loans in Saratoga, CA