Question 1

Can I use my 401(k) for asset depletion qualification?

Accepted Answer

Yes, most lenders count 401(k) and IRA balances at 70% of value. You don't withdraw funds, just prove you have them with recent statements.

Question 2

What interest rates should I expect in Turlock?

Accepted Answer

Asset depletion rates run 1-2% above conventional loans as of February 2026. Rates vary by borrower profile and market conditions.

Question 3

Do I need to liquidate assets to qualify?

Accepted Answer

No, assets stay invested. Lenders mathematically convert your balance into qualifying income by dividing by 360 months.

Question 4

Can cryptocurrency count toward my asset total?

Accepted Answer

Some non-QM lenders now accept verified crypto holdings in asset calculations. Documentation requirements vary, so ask your broker which lenders offer this.

Question 5

How much in reserves do I need after closing?

Accepted Answer

Expect 6-12 months of reserves beyond your asset depletion calculation base. Higher reserves can improve your rate.

Question 6

Does asset depletion work for second homes in Turlock?

Accepted Answer

Yes, lenders approve primary residences and second homes. Investment properties typically require DSCR loans instead.

Asset Depletion Loans in Turlock: Finance Your Home Using Liquid Assets