Cash, brokerage, retirement at reduced percentages — and the assets lenders typically exclude from depletion income.
Most asset depletion programs count liquid and semi-liquid accounts — each at a program-specific haircut percentage.
Cash & checking/savings
Often 100%
Fully liquid accounts with clear ownership documentation
Brokerage & investments
70–100%
Stocks, bonds, mutual funds, ETFs — marketable securities
401(k) & IRA accounts
60–70%
Retirement reduced for market and withdrawal risk
Roth IRA
60–70%
May count similarly to traditional retirement accounts
Money market & CDs
80–100%
Liquid or near-liquid; early withdrawal penalties may apply
Trust accounts
Varies
Must show borrower access and beneficial ownership
Haircut percentages are illustrative. Exact usable amounts vary by investor and account type.
These assets typically do not count toward depletion income — or require special handling.
| Asset type | Typical treatment | Why |
|---|---|---|
| Real estate equity | Excluded | Illiquid until sold or refinanced |
| Business assets | Excluded | Not readily accessible personal liquidity |
| Cryptocurrency | Often excluded or reduced | Volatility and verification challenges |
| Annuities with surrender fees | Excluded or net of penalty | Limited liquidity before maturity |
| Pledged collateral | Excluded | Already encumbered by another obligation |
| Private investments | Excluded | No reliable market value or liquidity |
Lenders typically request two to three months of statements for each eligible account — showing account holder name, institution, and current balance. Retirement accounts may need additional documentation confirming borrower ownership and access.
Ryan & Steve review your account list before underwriting to flag excluded assets, verify haircuts, and confirm enough usable liquidity remains after down payment and reserves.
If a significant portion of your net worth sits in excluded categories, we explore whether liquidation, gift funds, or an alternate Non-QM path makes more sense for your Indiana purchase.
Asset documentation checklist
Related asset depletion guides and Non-QM resources from Ryan & Steve.
Haircuts, divide-by-term math, and monthly DTI income explained.
Credit, equity, reserves, and liquid asset size guidelines.
Portfolio size vs. loan amount, term, and reserve requirements.
Full program hub and application steps.
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Eligible assets typically include cash, checking and savings accounts, brokerage and investment accounts, and retirement accounts such as 401(k), IRA, and Roth IRA — each at program-specific haircut percentages. Guidelines vary by investor.
Yes — most programs count retirement at a reduced percentage, often 60–70%, to reflect market volatility and early withdrawal considerations. Some investors require proof of age eligibility for penalty-free access.
Common exclusions include real estate equity (unless liquidated), business assets, cryptocurrency on some programs, annuities with surrender penalties, assets already pledged as collateral, and illiquid private investments.
No — lenders document each eligible account with recent statements. Consolidation is not required, though having clear ownership and accessible accounts simplifies underwriting.
Ryan & Steve will review your portfolio and identify eligible assets against current investor guidelines.