Question 1

What assets qualify for an asset depletion loan?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Real estate equity and business assets usually do not count.

Question 2

How does the income calculation work?

Accepted Answer

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

Question 3

Can I use an asset depletion loan for a second home in Sonora?

Accepted Answer

Yes. Most non-QM lenders allow asset depletion for primary residences and second homes. Investment property terms vary.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender. Most non-QM programs start around 660, but stronger asset profiles may offset a lower score.

Question 5

How is this different from a standard retirement mortgage?

Accepted Answer

Standard programs require documented pension or Social Security income. Asset depletion uses your savings balance itself as the income source.

Asset Depletion Loans in Sonora, CA