Question 1

Can I use my IRA to qualify for an asset depletion loan?

Accepted Answer

Yes. Lenders count IRAs, 401(k)s, and other retirement accounts in your asset pool. They apply the depletion formula to calculate monthly qualifying income without requiring withdrawals.

Question 2

Do cryptocurrency holdings count toward asset depletion in Marysville?

Accepted Answer

Select lenders now accept verified crypto as qualifying assets. Expect haircuts based on coin volatility—Bitcoin gets better treatment than newer tokens. Not all non-QM lenders offer this yet.

Question 3

What credit score do I need for asset depletion in Yuba County?

Accepted Answer

Most lenders require 680 minimum. Borrowers with larger asset pools sometimes qualify at 660. Higher scores unlock better rates—740+ can save 0.5-1% on your interest rate.

Question 4

How much money needs to stay in my accounts after closing?

Accepted Answer

Lenders typically require 12-24 months of mortgage payments remaining as reserves. If your payment is $3,000, expect to show $36,000-$72,000 left after down payment and closing costs.

Question 5

Can I use asset depletion for an investment property in Marysville?

Accepted Answer

Yes, but expect 25-30% down payment requirements. DSCR loans often work better for investment properties since they use rental income instead of depleting your personal assets.

Asset Depletion Loans in Marysville: Qualify with Savings, Not W-2s