Many asset depletion Non-QM programs start in the mid-600s — with stronger scores unlocking better pricing, higher LTVs, and more investor choices.
Asset depletion replaces traditional income documentation — it does not erase credit risk. Investors still set FICO floors and price bands by score, occupancy, and loan purpose.
A mid-600s score may clear eligibility on a primary purchase with strong assets and equity. Cash-out, second homes, or higher LTVs often need stronger credit or deeper reserves.
Ryan & Steve pull credit early, map you to the right investor tier, and flag quick wins (utilization, authorized users, disputed items) when a few points change pricing.
Guidelines vary by investor, credit, and loan amount. This overview is educational — your file is reviewed against current product rules.
Credit influences more than a yes/no decision.
Each investor sets a minimum representative score. Below it, the file is declined even with large assets.
Higher scores often allow more leverage or second-home / investment occupancy that lower scores cannot.
Pricing grids move with FICO tiers — a 40-point jump can change monthly payment and cash to close.
Deep reserves, low LTV, and clean recent history can help borderline scores on some overlays.
We look at representative score, tradeline depth, recent payment history, collections, and inquiries — then match overlays for purchase vs. refinance and primary vs. second home.
If a short pause would lift you into a better pricing tier, we say so before you lock a contract timeline.
Credit review checklist
Related asset depletion guides and Non-QM resources from Ryan & Steve.
How debt-to-income works when income is calculated from assets.
Credit, equity, reserves, and liquid asset size.
Portfolio size vs. loan amount, term, and reserves.
Full program hub and application steps.
2MG Daily
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Many Non-QM asset depletion programs start in the mid-600s (often around 620–660). Stronger scores typically unlock better pricing, higher LTVs, and more investor options.
Minimums are investor-specific. Some overlays sit higher for cash-out, second homes, or larger loan amounts. We confirm the exact floor for your scenario before you apply.
Not directly — asset size drives the depletion calc. Higher credit can improve LTV and rate, which may lower the payment and therefore the income (and assets) required.
It depends on severity, timing, and the investor. Asset-strong files with clean recent history fare better than files with recent mortgage or installment lates.
Ryan & Steve will map your FICO against current Non-QM overlays for purchase, refinance, and second-home goals.