Question 1

What assets count for an asset depletion loan?

Accepted Answer

Checking, savings, brokerage, and vested retirement accounts typically qualify. Illiquid assets like real estate equity do not count.

Question 2

How much in assets do I need to buy in Dixon?

Accepted Answer

It depends on the loan amount and the lender's divisor. More assets mean higher calculated income and a larger qualifying loan.

Question 3

Can I use an asset depletion loan for a primary home in Dixon?

Accepted Answer

Yes. Asset depletion works for primary residences, second homes, and investment properties. Lender terms vary by property type.

Question 4

Is the rate higher than a conventional loan?

Accepted Answer

Yes — non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 5

Do I need to liquidate my assets to qualify?

Accepted Answer

No. The assets stay in your accounts. Lenders use the balances to calculate income — you don't touch the money.

Question 6

How long does asset depletion approval take in Dixon?

Accepted Answer

Non-QM loans typically take 3-4 weeks to close. Gathering 60-day statements on all accounts upfront speeds things up.

Asset Depletion Loans in Dixon, CA