Question 1

How is my qualifying income calculated?

Accepted Answer

Lenders divide total eligible assets by a set term — usually 60 to 84 months. That result becomes your monthly qualifying income.

Question 2

Can I use retirement accounts to qualify?

Accepted Answer

Yes, but most lenders apply a discount — typically 70% of the account value. The remainder is then divided over the loan term.

Question 3

Is this loan available for primary homes in Mount Shasta?

Accepted Answer

Yes. Unlike DSCR loans, asset depletion can be used on primary residences, second homes, and investment properties.

Question 4

What credit score do I need?

Accepted Answer

Most non-QM lenders start at 680 for asset depletion. Higher scores improve your rate — rates vary by borrower profile and market conditions.

Question 5

How long do assets need to be in my account?

Accepted Answer

Most lenders require 60 to 90 days of seasoning. Large recent deposits without a paper trail will slow or kill your approval.

Question 6

Do rural properties in Siskiyou County qualify?

Accepted Answer

Some do, but lender appetite for rural and non-standard properties varies. Confirming property eligibility early saves a lot of time.

Asset Depletion Loans in Mount Shasta, CA