Question 1

What asset types count for qualification?

Accepted Answer

IRAs, 401(k)s, brokerage accounts, and savings all qualify. Most lenders discount stocks at 70% of value. CDs and money markets count at full value.

Question 2

Can I use my primary residence equity?

Accepted Answer

No. Lenders only count liquid or semi-liquid assets. Home equity doesn't qualify unless you sell and convert it to cash before applying.

Question 3

How long does Cotati asset depletion approval take?

Accepted Answer

Expect 30-45 days. Asset verification takes longer than income docs, especially with multiple brokerage firms. Start gathering statements early.

Question 4

Do I need to liquidate assets to qualify?

Accepted Answer

No. Lenders verify balances but don't require liquidation. You keep investments intact while using their value to establish qualifying income.

Question 5

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

Accepted Answer

Joint accounts work easily. Separate accounts require both spouses on the loan application to count those assets toward qualification.

Asset Depletion Loans in Cotati: Qualify Without Traditional Income