Question 1

Can I use IRA funds without withdrawal penalties?

Accepted Answer

Yes. Lenders count retirement account balances for qualification without requiring actual withdrawals. You never touch the principal.

Question 2

What happens if my portfolio value drops during underwriting?

Accepted Answer

Lenders use account statements from specific dates. Market fluctuations after those dates don't affect your loan approval.

Question 3

Do I need to liquidate assets to close the loan?

Accepted Answer

No. You prove the assets exist but don't sell them. Down payment and closing costs come from liquid funds.

Question 4

How much income does $2 million in assets generate?

Accepted Answer

At a 360-month calculation, $2 million equals $5,556 monthly income. Actual figures depend on your lender's formula.

Question 5

Can I combine asset depletion with other income sources?

Accepted Answer

Yes. Some lenders let you stack pension income or Social Security with asset-based calculations to boost qualifying income.

Asset Depletion Loans in Fillmore: Qualify on Your Savings, Not Your Paycheck