Question 1

What assets qualify for asset depletion in Cloverdale?

Accepted Answer

Most lenders accept checking, savings, brokerage, and retirement accounts. Illiquid assets like real estate equity typically don't count.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No employment income is required. Your asset calculation replaces it entirely as the qualifying income figure.

Question 3

How does the asset-to-income calculation work?

Accepted Answer

Lenders divide eligible assets by the loan term in months. That monthly figure is treated as your qualifying income.

Question 4

Are asset depletion rates higher than conventional?

Accepted Answer

Yes, typically. Non-QM loans carry higher rates than conventional programs. Rates vary by borrower profile and market conditions.

Question 5

Can I use this loan on a Sonoma County rural property?

Accepted Answer

Yes, but rural parcels with acreage need careful appraisal. Lender guidelines on rural properties vary — ask before you apply.

Question 6

How is this different from a DSCR loan?

Accepted Answer

DSCR qualifies based on rental income from the property. Asset depletion ignores property income and uses your personal liquid assets instead.

Asset Depletion Loans in Cloverdale, CA