Question 1

What assets count for an asset depletion loan?

Accepted Answer

Cash, checking, savings, stocks, bonds, and vested retirement accounts typically qualify. Real estate equity and illiquid assets do not count.

Question 2

Can I use an asset depletion loan on rural Yreka property?

Accepted Answer

Some lenders restrict non-QM loans on rural or acreage properties. We verify lender guidelines on your specific property before you apply.

Question 3

How is my qualifying income calculated?

Accepted Answer

Lenders divide eligible assets by a loan term — often 60 to 84 months. The result is your monthly qualifying income.

Question 4

Do I need to be retired to use asset depletion?

Accepted Answer

No. Any borrower with substantial liquid assets and limited income history can qualify. Retirees are common applicants, but not the only ones.

Question 5

How do asset depletion rates compare to conventional loans?

Accepted Answer

Non-QM rates run higher than conventional. Your rate depends on credit score, down payment, and asset profile. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Yreka, CA