Question 1

What assets qualify for asset depletion in Petaluma?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts often count at 60-70% of their value after lender discounts.

Question 2

Can I use a trust account for asset depletion?

Accepted Answer

Some lenders accept trust assets if you have documented access and control. Not all lenders allow it — this varies by program.

Question 3

What credit score do I need for this loan?

Accepted Answer

Most non-QM lenders start at 680 for asset depletion. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

How much do I need in assets to qualify?

Accepted Answer

Divide your target monthly payment by your asset income figure to reverse-engineer the requirement. Larger loan amounts need larger asset bases.

Question 5

Is asset depletion available for second homes in Sonoma County?

Accepted Answer

Yes. Many lenders allow asset depletion on second homes. Expect a slightly higher rate than a primary residence purchase.

Question 6

How does this differ from a stated income loan?

Accepted Answer

Asset depletion is documented — lenders verify every account. Stated income loans no longer legally exist in their original form.

Asset Depletion Loans in Petaluma, CA