Question 1

What assets can I use to qualify?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts usually count at 60–70% of their value.

Question 2

Do I need any income at all?

Accepted Answer

No traditional income is required. The lender creates a calculated monthly income figure from your asset balance.

Question 3

Can I use this loan for a second home in Scotts Valley?

Accepted Answer

Yes. Asset depletion loans work for primary residences, second homes, and investment properties. Terms vary by use type.

Question 4

What credit score do I need?

Accepted Answer

Most asset depletion lenders want at least a 680. Some go lower with stronger assets or higher down payments. Rates vary by borrower profile and market conditions.

Question 5

How large of a loan can I get?

Accepted Answer

Some lenders go up to $3M or beyond. The limit depends on your asset balance and the lender's guidelines.

Question 6

Why use a broker instead of going direct?

Accepted Answer

Each lender calculates depletion income differently. A broker shops that formula across dozens of lenders to find the one that qualifies you for the most.

Asset Depletion Loans in Scotts Valley, CA