Question 1

What types of assets count toward qualification in Rohnert Park?

Accepted Answer

Checking accounts, savings, money market funds, stocks, bonds, and mutual funds typically count at 100%. Retirement accounts like 401(k)s and IRAs count with discount rates between 60-70% depending on the lender and your age.

Question 2

Can I use asset depletion for investment properties in Sonoma County?

Accepted Answer

Yes, asset depletion works for both primary residences and investment properties. Investment properties typically require higher down payments (25-30%) and larger asset reserves compared to owner-occupied homes.

Question 3

How do lenders verify my assets for these loans?

Accepted Answer

Lenders require two to three months of recent statements from each financial institution. They verify account balances, look for large deposits requiring explanation, and confirm funds are seasoned and not recently borrowed.

Question 4

What interest rates should I expect in Rohnert Park?

Accepted Answer

Rates vary by borrower profile and market conditions. Asset depletion rates typically run 1-2% higher than conventional mortgages, with exact pricing based on your credit score, down payment, and total asset picture.

Question 5

Do I actually have to withdraw money from my retirement accounts?

Accepted Answer

No withdrawals are required. Lenders calculate theoretical monthly income by dividing your assets by the loan term. Your investments stay intact and continue growing while serving as qualifying income on paper only.

Asset Depletion Loans in Rohnert Park: Qualify Using Your Liquid Assets Instead of Paystubs