Question 1

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

Accepted Answer

Yes. Lenders verify the balance for qualification but don't require actual withdrawals. Your retirement account stays intact while qualifying you for the mortgage.

Question 2

How much income does $1 million in assets generate?

Accepted Answer

$1 million divided by 360 months equals $2,778 monthly qualifying income. Some lenders use 240-month calculations, which increases your qualifying power.

Question 3

Do Etna property taxes affect qualification differently?

Accepted Answer

Siskiyou County has lower property taxes than coastal California. Your housing payment stays manageable even with higher asset depletion interest rates.

Question 4

What if my assets are in stocks that fluctuate?

Accepted Answer

Lenders average values over 60-90 days. Volatile portfolios get conservative valuations, sometimes discounted 10-20% from peak statements.

Question 5

Can I combine income sources with asset depletion?

Accepted Answer

Yes. Part-time work, Social Security, or rental income can supplement asset depletion calculations. Most lenders allow hybrid qualification approaches.

Asset Depletion Loans in Etna: Qualify With Your Investment Portfolio, Not Paystubs