Question 1

What assets count toward qualification in Dunsmuir?

Accepted Answer

Savings, brokerage, and money market accounts typically qualify. Retirement accounts like IRAs may count at a reduced percentage.

Question 2

Can I use a 401k for asset depletion?

Accepted Answer

Yes, but most lenders apply a 30–40% haircut to retirement accounts. The remaining balance is then spread across the qualifying period.

Question 3

Do I need any income at all to qualify?

Accepted Answer

No. The asset calculation replaces income entirely. Your liquid assets do the qualifying work.

Question 4

Is an asset depletion loan a good fit for a vacation home in Dunsmuir?

Accepted Answer

It can be. Second-home pricing and down payment requirements still apply. Your assets must be sufficient to cover both the purchase and ongoing reserves.

Question 5

How is the qualifying income calculated?

Accepted Answer

Most lenders divide eligible assets by 360 months. That monthly figure is treated as your gross monthly income for approval purposes.

Question 6

Are asset depletion rates higher than conventional rates?

Accepted Answer

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

Asset Depletion Loans in Dunsmuir, CA