Question 1

What assets qualify for asset depletion in Camarillo?

Accepted Answer

Savings, brokerage, and money market accounts typically qualify at full value. Retirement accounts often get discounted by 30-40%.

Question 2

Can I use this loan for a second home in Camarillo?

Accepted Answer

Yes. Asset depletion works for primary residences and second homes. It's one of the few non-QM programs that covers both.

Question 3

Do I need any income at all to qualify?

Accepted Answer

No traditional income is required. Your assets are converted to a calculated monthly income figure that lenders use to qualify you.

Question 4

How much in assets do I need to buy in Ventura County?

Accepted Answer

It depends on the loan amount and which lender formula applies. More assets mean higher calculated income and a stronger approval.

Question 5

Are rates higher on asset depletion loans?

Accepted Answer

Yes, non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How is this different from a conventional loan?

Accepted Answer

Conventional loans require verified income — W-2s, tax returns, or pay stubs. Asset depletion skips all of that and uses your portfolio instead.

Asset Depletion Loans in Camarillo, CA