Question 1

What assets count toward income?

Accepted Answer

Checking, savings, money market accounts, and investment portfolios typically qualify. Retirement accounts often count at a discount — usually 60% to 70% of the balance.

Question 2

Can I use this loan to buy in Exeter with no job?

Accepted Answer

Yes. That's exactly the point. You need verifiable liquid assets, not employment. Many retired Tulare County buyers qualify this way.

Question 3

How much can I qualify for?

Accepted Answer

It depends on your asset total and the lender's calculation method. Higher liquid assets equal higher qualifying income. Rates vary by borrower profile and market conditions.

Question 4

Is my home equity a liquid asset?

Accepted Answer

No. Home equity isn't liquid until you sell or cash out. Lenders want funds already accessible — cash, brokerage accounts, or CDs.

Question 5

Is asset depletion a risky loan?

Accepted Answer

It's a non-QM loan, which means it falls outside standard agency guidelines. That doesn't mean risky — it means the underwriting approach is different.

Question 6

What credit score do I need in Tulare County?

Accepted Answer

Most asset depletion lenders want at least a 680, though requirements vary. Higher scores get better rates — and rates vary by borrower profile and market conditions.

Asset Depletion Loans in Exeter, CA