Question 1

What assets can I use to qualify in Sonoma?

Accepted Answer

Checking, savings, brokerage, and vested retirement accounts typically qualify. Illiquid assets like real estate equity or business accounts usually do not.

Question 2

How is my qualifying income calculated?

Accepted Answer

Most lenders divide your eligible assets by 360 months. That figure is treated as your monthly income for debt-to-income calculations.

Question 3

Can I use this loan for a Sonoma wine country second home?

Accepted Answer

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

Question 4

Do I need to be retired to use asset depletion?

Accepted Answer

No. You just need significant liquid assets. Some borrowers are between jobs, semi-retired, or have income that's hard to document.

Question 5

Are asset depletion loans harder to get approved?

Accepted Answer

They're non-QM, so underwriting is more manual. Strong assets, good credit, and clean documentation matter a lot. No approval is guaranteed.

Question 6

How do asset depletion rates compare to conventional loans?

Accepted Answer

Non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions, so compare across multiple lenders.

Asset Depletion Loans in Sonoma, CA