Question 1

What assets qualify for this program in Moorpark?

Accepted Answer

Checking, savings, money market, and brokerage accounts typically qualify. Retirement accounts may count at a reduced value depending on the lender.

Question 2

Can I use proceeds from a Moorpark home sale?

Accepted Answer

Yes. Documented sale proceeds count as liquid assets. They must be in your account and seasoned per lender guidelines.

Question 3

Do I need any income at all to qualify?

Accepted Answer

Not with asset depletion. The calculated monthly draw from your assets replaces employment income entirely.

Question 4

How is my qualifying income calculated?

Accepted Answer

Lenders divide total eligible assets by a set term — often 360 months. That figure becomes your monthly qualifying income.

Question 5

Is this loan available for investment properties in Ventura County?

Accepted Answer

Some lenders allow it on investment properties. Terms are stricter — expect higher down payments and tighter credit requirements.

Question 6

How long does asset depletion approval take?

Accepted Answer

Non-QM loans like this typically take 3-4 weeks. Having clean asset statements ready speeds up the process significantly.

Asset Depletion Loans in Moorpark, CA