Question 1

How do lenders calculate income from my assets?

Accepted Answer

They divide your total liquid assets by 360 months (30 years). A $1.8M portfolio creates $5,000 monthly qualifying income.

Question 2

Can I use retirement accounts for asset depletion in Santa Rosa?

Accepted Answer

Yes, but lenders typically count only 60-70% of IRA and 401(k) balances. Accessible brokerage accounts count at 100%.

Question 3

What interest rates should I expect on asset depletion loans?

Accepted Answer

Rates run 1-2% above conventional loans. Strong credit and larger down payments get you closer to 1% premium. Rates vary by borrower profile and market conditions.

Question 4

Do I need to liquidate my investments to qualify?

Accepted Answer

No. Lenders verify balances through statements but don't require you to sell. Your assets stay invested throughout the process.

Question 5

How much should I put down on a Sonoma County home with asset depletion?

Accepted Answer

Most lenders want 20-30% down. Higher down payments unlock better rates and increase approval odds with borderline credit.

Asset Depletion Loans in Santa Rosa: Qualify Without Income Docs