Question 1

How do lenders calculate income from my assets?

Accepted Answer

They divide your eligible liquid assets by a set loan term — often 60 to 84 months. That number becomes your qualifying monthly income.

Question 2

Can I use my 401k or IRA for asset depletion?

Accepted Answer

Yes, but most lenders discount retirement accounts to 60–70% of their value. Unrestricted accounts count at full value.

Question 3

What credit score do I need in Ojai?

Accepted Answer

Non-QM lenders vary widely. Most asset depletion programs start around 680, but stronger scores get better pricing.

Question 4

Are asset depletion loans available for second homes?

Accepted Answer

Yes. Second homes in Ojai qualify under most programs. Expect slightly higher rates than a primary residence purchase.

Question 5

How is this different from a no-doc loan?

Accepted Answer

You still document your assets thoroughly. The difference is those assets replace income verification — not all documentation.

Question 6

Can I get a jumbo asset depletion loan in Ventura County?

Accepted Answer

Yes. Jumbo asset depletion loans are available, though reserve requirements and credit standards increase above $2M.

Asset Depletion Loans in Ojai, CA