Question 1

What assets qualify for this loan type?

Accepted Answer

Cash, brokerage accounts, and vested retirement funds typically qualify. Each lender applies different discount rates to retirement assets.

Question 2

How is my monthly income calculated?

Accepted Answer

Lenders divide eligible assets by the loan term in months. That number becomes your qualifying income for debt-to-income purposes.

Question 3

Do I need to be retired to use asset depletion?

Accepted Answer

No. Any borrower with significant liquid assets can use this program. It's common among business owners and early retirees.

Question 4

What credit score do lenders want?

Accepted Answer

Most non-QM lenders want 680 or higher for asset depletion programs. Higher scores get better rates.

Question 5

How does this loan work in Santa Paula specifically?

Accepted Answer

Santa Paula buyers often sell appreciated property elsewhere and arrive cash-heavy. Asset depletion fits that profile well.

Question 6

Are asset depletion rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM programs carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Asset Depletion Loans in Santa Paula, CA