Question 1

What assets count toward qualification in Pismo Beach?

Accepted Answer

Stocks, bonds, mutual funds, money market accounts, and retirement accounts qualify. Some lenders now accept cryptocurrency with valuation discounts. Real estate equity and business interests don't count.

Question 2

Can I use my 401(k) for asset depletion without withdrawing funds?

Accepted Answer

Yes. Lenders use the account balance to calculate qualifying income without requiring withdrawals. You keep your retirement savings intact while qualifying for the mortgage.

Question 3

How much assets do I need for a $1 million Pismo Beach home?

Accepted Answer

With 25% down, you'd need $250K plus roughly $1.5 million in liquid assets to generate qualifying income. Exact requirements depend on rates, HOA fees, and property taxes.

Question 4

Do asset depletion rates differ from conventional mortgages?

Accepted Answer

Yes. Expect rates 1-2% higher than conventional loans as of February 2026. Rates vary by borrower profile and market conditions.

Question 5

Can I combine asset depletion with other income sources?

Accepted Answer

Most lenders allow combining asset depletion with Social Security, pensions, or investment income. This can reduce the asset balance required for qualification.

Asset Depletion Loans in Pismo Beach: Qualify With Your Portfolio, Not Your Paystub