Question 1

What assets qualify for income calculation?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts may qualify with a lender-applied discount.

Question 2

Can I use this loan for a primary home in Vacaville?

Accepted Answer

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

Question 3

What credit score do I need?

Accepted Answer

Most non-QM lenders want 680 or higher for asset depletion. Some go lower with a larger down payment. Rates vary by borrower profile and market conditions.

Question 4

How much do I need in assets to qualify?

Accepted Answer

It depends on the loan amount and the lender's calculation method. We run the math for your specific numbers before you apply.

Question 5

Is asset depletion available at local Vacaville banks?

Accepted Answer

No. This is a non-QM product. You need a wholesale or portfolio lender, not a retail bank branch.

Question 6

How does this differ from a bank statement loan?

Accepted Answer

Bank statements show cash flow from business activity. Asset depletion uses your total saved wealth. Retirees with low monthly deposits fit asset depletion better.

Asset Depletion Loans in Vacaville, CA