The process: 1) inventory assets → 2) apply haircuts & choose divisor → 3) add other income → 4) pre-approval → 5) find home & apply → 6) appraisal & underwriting → 7) clear conditions → 8) close. See Requirements.
On this page
The 8 steps to your keys
Inventory your eligible assets
List cash, investment & retirement accounts; gather 2–3 months of statements (every page), in your name.
Apply haircuts & choose a divisor
Correct haircut per asset class; model income across 60–360-month divisors to maximize qualification.
Add any other income
Layer in Social Security, pension, dividends to strengthen the file.
Get pre-approved
Submit statements, ID & credit → price & down payment you qualify for.
Find your home & apply
Shop within pre-approval; complete the app with contract. We shop specialty investors.
Appraisal & underwriting
Appraisal ordered; underwriting verifies assets, ownership, credit & reserves.
Clear conditions
Final items (updated statements, deposit letters) → clear-to-close.
Close & get the keys
Sign, fund down + costs. Closes in ~21–30 days — portfolio stays invested.
What's needed at each stage
| Stage | What you provide / expect |
|---|---|
| Inventory | 2–3 months statements, all accounts, every page |
| Divisor | Broker models 60–360-month options |
| Other income | SS/pension/dividend documentation |
| Pre-approval | ID, credit, proof of ownership |
| Application | Purchase contract |
| Underwriting | Appraisal, deposit explanations |
| Clear-to-close | Updated statements / letters |
| Closing | Signed docs, down payment + costs |
Reviewed by the licensing team at Save Financial, a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766) founded in 2009 and serving all 58 counties from offices in Newport Beach and Marina del Rey. Nothing here is tax advice.