Question 1

What assets qualify for asset depletion loans?

Accepted Answer

Checking, savings, money market, stocks, and bonds typically qualify. Retirement accounts often count at 60-70% due to early withdrawal penalties.

Question 2

Do I need any income at all to qualify?

Accepted Answer

No employment income is required. Your assets alone can serve as the income source for qualification.

Question 3

Can I use this loan to buy in Thousand Oaks if I'm retired?

Accepted Answer

Yes. This loan was designed for exactly that profile. Retirement savings and investment accounts are the core qualifying assets.

Question 4

How much do I need in assets to qualify?

Accepted Answer

It depends on the purchase price and loan amount. A broker can run the numbers once you share your asset totals.

Question 5

Are asset depletion rates higher than conventional rates?

Accepted Answer

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

Question 6

Can asset depletion be used for a jumbo loan in Ventura County?

Accepted Answer

Yes. Several wholesale lenders offer non-QM jumbo programs that accept asset depletion as the income method.

Asset Depletion Loans in Thousand Oaks, CA