Question 1

Can I use my 401(k) without withdrawing money?

Accepted Answer

Yes. Lenders count retirement accounts in your asset calculation without requiring withdrawals. You keep the money invested while it qualifies you for the mortgage.

Question 2

What if my assets are in my spouse's name?

Accepted Answer

Both spouses' assets combine if both are on the loan. Solo borrowers can only use assets in their name or jointly held accounts.

Question 3

How fast can these loans close?

Accepted Answer

Typically 25-35 days. No tax return review speeds things up compared to traditional mortgages, but appraisals and title work still take normal timeframes.

Question 4

Do dividend and interest payments count separately?

Accepted Answer

No. Lenders use the total account value divided by 360, not actual distributions. Investment income doesn't factor into asset depletion calculations.

Question 5

What's the minimum credit score that actually gets approved?

Accepted Answer

620 is the floor, but I rarely see approvals below 680 with decent rates. Higher scores unlock better pricing tiers across most lenders.

Asset Depletion Loans in Torrance: Qualify Using Your Portfolio, Not Your Paystub