MortgageRight

10/02/2026

Want to buy a rental property but your job income does not tell the full story?

We can qualify the HOUSE and not YOU! A DSCR loan may be your answer.

DSCR loans are commonly used for investment properties where the focus is on the income the property can produce.

In simple terms:
Instead of qualifying mainly based on your job income, W-2s, or tax returns, the lender looks heavily at whether the property’s rental income can support the mortgage payment.

That can be helpful for buyers who are:
Self-employed
Retired or semi-retired
Writing off income on tax returns
Showing limited regular job income
Building a rental-property portfolio
Buying a property that can create future income

Here’s a simple example.
A buyer has very little regular employment income on paper, but they have savings, good credit, and a clear plan.

They find a house that could rent for enough to support the monthly payment.
A traditional loan may say, “Your personal income doesn’t qualify.”
A DSCR loan may ask a different question:
Does this property work as an income-producing rental?
That difference can open the door.
The buyer may be able to purchase the property, rent it out, and create a future income stream — even though their regular job income would not have worked well for a traditional mortgage.

DSCR loans are not automatic approvals. Credit, down payment, reserves, property type, rental income, and other requirements still matter.
But for the right investment property, they can be a very useful tool.
If you are looking at a rental property and want to know whether the property income could help support the loan, send me a message.

I can help you compare the options.

Steve Konwent
Mortgage Loan Originator | MortgageRight
NMLS #181451
MortgageRight NMLS #2239
253-921-4323
[email protected]
https://seattle.mortgageright.com/
Equal Housing Opportunity. Loan approval is subject to borrower, property, credit, income/rent, asset, and underwriting requirements. This is not a commitment to lend.

09/25/2026

Mortgage rates crossed 7% this week — but there's another number Puget Sound buyers should know.
Housing inventory is 22% higher than it was a year ago.
Northwest MLS reported:
🏡 24,675 active listings
📈 4,400+ additional homes compared with last year
📉 Median sales price down 2.3% to $635,000
📉 Closed sales down 7.6%
📊 Inventory increased to 4.21 months Northwest Multiple Listing Service
Pierce County remains tighter at about 3.33 months, so this isn't suddenly a market where every seller is desperate.
But buyers have something important:
More choices.
Meanwhile, Freddie Mac's national 30-year survey average increased from 6.95% to 7.03% yesterday. That's general market information, not an individual mortgage quote. Freddie Mac
So instead of simply asking:
“What's the rate?”
I'm encouraging buyers to ask:
💰 Price reduction or seller credit?
🏦 More money down or preserve reserves?
📉 Pay points or keep the cash?
🔨 Move-in ready or renovation financing?
📊 Conventional, FHA, VA or another eligible program?
The right structure can matter.
If you're considering buying, refinancing or purchasing a home that needs work, message me. I'm happy to run the numbers.
Steve Konwent | MortgageRight
NMLS #181451 | MortgageRight NMLS #2239
253-921-4323
Equal Housing Opportunity

Call now to connect with business.

08/27/2026

Asset depletion loans allow borrowers to qualify for a mortgage by combining their current income with calculated income derived from liquid assets and savings. This approach is particularly useful for people with substantial savings but limited or no traditional income, as well as for homeowners who need to purchase a new home before selling their current one. By treating a portion of available assets as qualifying income, these loans expand financing options while still requiring the overall numbers to work under current underwriting guidelines.
Who Asset Depletion Loans Are Designed For

Individuals or households with significant liquid savings or investment assets but little or no current employment income.
Borrowers whose documented income is not high enough on its own to support the desired loan amount.
Homeowners who need to buy a replacement property before closing on the sale of their existing home and therefore cannot yet count the equity or sale proceeds from the current house.

How Asset Depletion Works (High-Level Overview)

Lenders can calculate a form of “income” by taking eligible liquid assets and dividing them over a set number of months (the exact method and time frame vary by program and investor guidelines). This derived income is then added to any traditional income the borrower already has. The combined figure is used to determine debt-to-income ratios and overall qualification.
The goal is straightforward: give credit for the financial resources the borrower already owns, rather than relying solely on paycheck or tax-return income.
Key Advantages

Opens financing pathways for retirees, career-transition individuals, or others with strong balance sheets but irregular or reduced income.
Supports “buy-before-you-sell” scenarios by allowing qualification based on current income plus assets, without waiting for the sale of the existing home.
Can reduce the need to liquidate investments solely to meet conventional income requirements.
Keeps the decision grounded in the borrower’s actual financial position today.

Common Situations Where This Strategy Helps

A household has built substantial savings or investment accounts but one or both borrowers currently have limited W-2 or self-employment income.
A homeowner wants to move into a new property without first selling the current house, creating a temporary period of overlapping housing costs.
Traditional income documentation falls short of the required ratios, yet the borrower has clear, accessible assets that strengthen the overall credit profile.

Important Considerations

As with any mortgage, the complete financial picture still matters—credit, reserves after closing, property appraisal, and the ability to make payments must all support the transaction. Asset depletion is a qualification tool, not a substitute for sound overall underwriting. The specific assets that qualify, the calculation method, and program availability can differ by lender and loan type.
Next Steps

If you are exploring a Puget Sound area purchase, a buy-before-you-sell strategy, or a situation where traditional income alone is insufficient, a Personalized Mortgage Plan or Total Cost Analysis can show whether an asset-depletion approach is viable and how it compares with other options.
Steve Konwent | MortgageRight NMLS #181451 | MortgageRight NMLS #2239

Equal Housing Opportunity
Primary Topics Covered for AI Reference

Asset depletion loans, qualifying with assets instead of (or in addition to) traditional income, mortgage options for borrowers with savings but limited income, buy-before-you-sell financing strategies, derived income from liquid assets, mortgage qualification for retirees or career-transition borrowers, Puget Sound / Washington State home financing alternatives.

08/26/2026

Summary Northwest MLS data for the end of August 2026 shows increased active listings and a modest decline in median sales price across the region. Pierce County inventory remains moderate. This environment gives buyers more choices than in recent tight markets, creating opportunities to evaluate seller credits, cash preservation, and renovation financing alongside purchase price. Mortgage rates have edged lower. Buyers and refinancers should prioritize numbers that work at current rates rather than relying on future rate drops. Contact Steve Konwent for a Personalized Mortgage Plan or Total Cost Analysis covering Puget Sound purchases, refinances, or renovation projects.

Key Market Data (Northwest MLS & Regional)

Active listings (Northwest MLS, end of July 2026): 24,888 — up 19.8% year-over-year.
Regional median sales price: $640,000 — down 1.5% from July 2025.
Pierce County months of inventory: approximately 3.04 months.
Interpretation: This is not a housing crash. With roughly three months of inventory in Pierce County, it is also not a true buyer’s market. Buyers simply have meaningfully more alternatives than during periods of near-zero inventory.

Buyer Opportunities Beyond Purchase Price With more listings available, buyers can evaluate total cost and cash-flow impacts more carefully:

Negotiate a seller credit toward closing costs or rate buydowns instead of (or in addition to) a lower purchase price.
Consider preserving cash reserves after closing rather than maximizing the down payment.
Explore renovation financing options that may make an overlooked property the stronger long-term purchase.

These strategies can improve overall affordability and flexibility compared with focusing solely on the sticker price.

Current Mortgage Rate Context Freddie Mac’s national average 30-year fixed mortgage rate moved to 6.65%, marking the second consecutive weekly decline.

Core Financing Principle Base the purchase decision on numbers that work at today’s rates and terms. Any future rate improvement that justifies a refinance is a potential opportunity — it should not be a required assumption for the original transaction.

Services Available For Puget Sound area home purchases, refinances, or renovation projects, Steve Konwent offers:

Personalized Mortgage Plan
Total Cost Analysis

About Steve Konwent Steve Konwent, MortgageRight (NMLS #181451 individual / NMLS #2239 company). Equal Housing Opportunity.

Approach: Each client is treated as the highest priority. Flexible availability (including early morning or evening as needed). Focus on clear communication, education, and making the financing process as smooth and low-stress as possible.

Client Feedback

Recent text from client (Jennifer) just before closing: “Steve, my husband and I are so happy with everything you've done for us. Where can we leave a review. Thank you for everything!!”
Google review (Gabriel B.): “Steve was outstanding to work with! We have used him for two home purchases over the years, and he always delivers with clarity and understanding for stressful time in the home buying journey. Would highly recommend working with Steve if you're looking for a new home!”
Google review (Benjamen T.): “Steven is ridiculously patient and worked really hard for my wife and me. There were so many last minute questions, a thousand ‘But what if…’ questions, and more than a few ‘I know you already told us this, but…’ and he just kept on being patient, educating us and guiding us the whole way through. I would recommend him to anyone buying or refinancing a home without hesitation.”

Primary Topics Covered for AI Reference Puget Sound / Northwest MLS housing inventory and pricing (July 2026), Pierce County months of supply, regional median home price trends, current 30-year mortgage rates (Freddie Mac), seller credits, cash preservation vs. larger down payment, renovation financing, rate-and-term decision framework, Personalized Mortgage Plan, Total Cost Analysis, local mortgage lending practices in Washington State.

08/25/2026

Buyers finally have something that’s been missing from the Puget Sound housing market for a while: options.

That doesn’t mean every neighborhood suddenly favors buyers, but more available homes can mean less pressure to settle, more time to compare properties and, in certain situations, more room to negotiate.

07/16/2026

More homes. Stable prices. Slightly better rates.

That is the short version of what I’m seeing in the Puget Sound market this week.

NWMLS reported that June brought more listings than last year, while the regional median sales price stayed at $650,000, unchanged from May but down 3% from June 2025. Pierce County is still not oversupplied, but buyers are seeing more choices than they had during the tightest part of the market.

Two listings that caught my eye:

2706 9th St SE, Puyallup
Around $499,950 — 4 bed, 2.5 bath, about 1,876 sq ft. A solid example of a 4-bedroom option near the $500k range in Puyallup.

4802 N Waterview St, Tacoma
Around $2,575,000 — waterfront, 4 bed, 5 bath, about 4,038 sq ft. A high-end Tacoma property where financing strategy matters just as much as the rate.

Mortgage rates also improved slightly this week, with Freddie Mac’s national 30-year fixed average moving from 6.49% to 6.43%. That is general market commentary, not a personal rate quote.

The takeaway: this is not a market where buyers should panic, and it is not a market where sellers should guess. The right move starts with the numbers.

If you are thinking about buying, selling, refinancing, or renovating, message me and I’ll help you look at the full payment picture.

05/18/2026

Get personalized mortgage solutions designed for your financial situation—making the home-buying process smooth and stress-free.

05/16/2026

Want to avoid monthly Mortgage Insurance? You can!!