Question 1

What assets qualify for this program in California?

Accepted Answer

Checking, savings, and brokerage accounts typically qualify. Retirement accounts often qualify at a reduced value — lenders apply a discount.

Question 2

Can I use this loan to buy a cabin or rural property?

Accepted Answer

Non-QM lenders have more flexibility on property type. Many rural Tuolumne County properties work fine under asset depletion guidelines.

Question 3

Is asset depletion the same as a stated income loan?

Accepted Answer

No. You must document and verify your assets. Lenders calculate income mathematically from those verified balances.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender. Most non-QM asset depletion programs look for at least a 680, but some go lower with stronger assets.

Question 5

How does a broker help with asset depletion loans?

Accepted Answer

We shop across 200+ wholesale lenders to find who calculates assets most favorably. That difference can change your qualifying income significantly.

Asset Depletion Loans in Jamestown, CA