Question 1

What assets can I use to qualify?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify at full value. Retirement accounts often count at 60–70%.

Question 2

Can I use this loan for a Sebastopol second home?

Accepted Answer

Yes. Asset depletion programs cover primary residences, second homes, and investment properties. Second home guidelines may differ by lender.

Question 3

Do I need any income at all?

Accepted Answer

Not necessarily. Some lenders require nominal income. Others qualify you on assets alone. It depends on the specific lender's program.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide eligible assets by a set term — often 60 to 84 months. That result is your monthly qualifying income for underwriting.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM pricing carries a premium over conventional. Rates vary by borrower profile and market conditions.

Question 6

How long does the loan process take?

Accepted Answer

Non-QM loans often close in 21–30 days. Asset documentation review adds time — have statements ready before you apply.

Asset Depletion Loans in Sebastopol, CA