Buying a home on investment income in the PNW. Any experience appreciated.

Hi all. I’m looking to purchase in the $350K range in the next 6-8 month timeline. I’m curious if anyone has been in a similar situation as mine and can share their experience. How likely could I get a mortgage given the following:

$300K in retirement funds $200K in investment funds Generating $6500 monthly from my investment fund over the past year (have documentation) No other debts 780+ credit scores

Anyone get a 30 year mortgage given something similar? My wife and I are in our 30s and would strongly prefer to get approved with as little down using the income above. I’m a software engineer and could get a full-time job to guarantee approval but would strongly prefer avoiding that if possible. I have a 10 year engineering employment history with six-figure income as well.

TIA!

submitted by /u/Alexandis
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Hi all. I’m looking to purchase in the $350K range in the next 6-8 month timeline. I’m curious if anyone has been in a similar situation as mine and can share their experience. How likely could I get a mortgage given the following: $300K in retirement funds $200K in investment funds Generating $6500 monthly from my investment fund over the past year (have documentation) No other debts 780+ credit scores Anyone get a 30 year mortgage given something similar? My wife and I are in our 30s and would strongly prefer to get approved with as little down using the income above. I’m a software engineer and could get a full-time job to guarantee approval but would strongly prefer avoiding that if possible. I have a 10 year engineering employment history with six-figure income as well. TIA! submitted by /u/Alexandis [link] [comments]

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