Question 1

What minimum assets do I need to qualify?

Accepted Answer

Most lenders want $500K liquid minimum. That creates $1,388 monthly income when divided by 360. Your actual need depends on purchase price and existing debts.

Question 2

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

Accepted Answer

Yes, but lenders typically discount retirement accounts by 30% for early withdrawal penalties. A $1M 401(k) might count as $700K for qualification purposes.

Question 3

Do I have to liquidate assets to close?

Accepted Answer

No. Lenders verify assets exist, not that you sell them. You only liquidate what's needed for down payment and closing costs if those aren't already in checking.

Question 4

How do rates compare to conventional loans?

Accepted Answer

Expect 1.5-3% higher than conventional rates as of February 2026. Strong credit and larger down payments land at the lower end of that range. Rates vary by borrower profile and market conditions.

Question 5

Can cryptocurrency count as qualifying assets now?

Accepted Answer

Select lenders accept verified crypto holdings through specialized platforms. Requirements include third-party verification and may involve discounts similar to retirement accounts. Not all non-QM lenders offer this yet.

Asset Depletion Loans in San Luis Obispo: Qualify Using Your Investments, Not Your Paystubs