Question 1

How much in assets do I need for a $400K home in Mariposa?

Accepted Answer

Figure $100K-120K down payment plus $600K-800K in liquid assets for comfortable qualification. More assets strengthen your file and may improve pricing.

Question 2

Can I use my IRA for asset depletion qualification?

Accepted Answer

Yes, but lenders discount retirement accounts to 60-70% of value. A $500K IRA counts as $300K-350K toward your asset calculation.

Question 3

Do I need to liquidate my investments to close?

Accepted Answer

No. Assets stay invested—they're just verification for income calculation. You only liquidate what you need for down payment and closing costs.

Question 4

What interest rate should I expect in Mariposa?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 1-2% above conventional rates for similar credit and down payment scenarios.

Question 5

How long does asset depletion underwriting take?

Accepted Answer

Plan for 30-45 days from application to clear-to-close. Mariposa appraisals add time, so 60-day closings are safer than 30.

Asset Depletion Loans in Mariposa: Qualify Without W-2 Income Using Your Liquid Assets

Asset Depletion Loans in Mariposa: Qualify Without W-2 Income Using Your Liquid Assets