Question 1

What assets count toward qualification in Montague?

Accepted Answer

Checking, savings, brokerage, and money market accounts typically qualify. Real estate equity and illiquid assets generally do not.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No traditional income is required. The lender converts your assets into a calculated monthly income figure.

Question 3

How much do I need in assets to qualify in Siskiyou County?

Accepted Answer

It depends on the loan amount and the lender's depletion formula. Lower home prices in Montague reduce how much you need.

Question 4

Is this a good fit for retirees buying in Montague?

Accepted Answer

Yes — it's one of the strongest fits for retirees with investment accounts and no current W-2 income.

Question 5

Are asset depletion loan rates higher than conventional rates?

Accepted Answer

Usually yes. Non-QM pricing carries a premium. Rates vary by borrower profile and market conditions.

Question 6

Can proceeds from a home sale count as qualifying assets?

Accepted Answer

Yes, in most cases. The funds must be in a verified, liquid account — typically for at least 60 days.

Asset Depletion Loans in Montague, CA