Question 1

What counts as an eligible liquid asset?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts may count at 60-70% depending on the lender.

Question 2

How is my income calculated?

Accepted Answer

Lenders divide your total eligible assets by the loan term in months. That monthly figure is used as qualifying income.

Question 3

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

Accepted Answer

Yes — that's exactly what it's designed for. You don't need employment income if your documented liquid assets are strong enough.

Question 4

What credit score do I need?

Accepted Answer

Most lenders require a 680 minimum for asset depletion programs. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 5

How is this different from a conventional loan?

Accepted Answer

Conventional loans require provable employment income. Asset depletion replaces that requirement entirely with documented liquid assets.

Question 6

How long does it take to close?

Accepted Answer

Non-QM loans like this typically close in 21-30 days. Complete asset documentation upfront — that's what drives the timeline.

Asset Depletion Loans in Farmersville, CA