Question 1

Can I use my 401(k) to qualify even if I'm still working?

Accepted Answer

Yes, but lenders apply a percentage discount to retirement accounts. Some use 60-70% of the balance, others count 100% if you're over 59.5. We shop lenders based on your age and account type.

Question 2

Do I need to liquidate my assets to get the loan?

Accepted Answer

No. Lenders use your assets to calculate qualifying income, but you don't sell anything. You just prove the accounts exist and have sufficient balances at closing.

Question 3

What counts as a liquid asset for this program?

Accepted Answer

Checking, savings, brokerage accounts, stocks, bonds, mutual funds, and retirement accounts. Real estate equity and business ownership generally don't count since they're illiquid.

Question 4

How does this work for investment properties in Imperial?

Accepted Answer

Same asset calculation method, but expect 25% down and higher reserves. Lenders treat rental properties as riskier, so the qualification bar rises even though the income formula stays the same.

Question 5

Can I combine asset depletion with rental income?

Accepted Answer

Some lenders allow it. If you own rentals generating cash flow, they may add that to your asset-based income. Not all programs permit it, so we screen lenders who do.

Asset Depletion Loans in Imperial — Qualify With Your Portfolio, Not Your Paystub