Question 1

What assets count toward qualification in Visalia?

Accepted Answer

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

Question 2

Can I use asset depletion for a primary home purchase?

Accepted Answer

Yes. Asset depletion works for primary residences, second homes, and investment properties. Terms may differ by property type.

Question 3

How long do assets need to be in my account?

Accepted Answer

Most lenders require 60 days of account history. Moving money right before applying can trigger underwriting questions.

Question 4

What credit score do I need for this loan?

Accepted Answer

Most asset depletion programs start at 620. Better rates and lower down payments usually require 700 or higher.

Question 5

Is asset depletion the same as a no-income loan?

Accepted Answer

Not exactly. Lenders still calculate income — they just use your assets as the source. It's documented, not stated.

Question 6

Do I need to be retired to use asset depletion?

Accepted Answer

No. Retirees are common borrowers, but business owners, investors, and anyone with significant liquid assets can qualify.

Asset Depletion Loans in Visalia, CA