Is my retirement savings counted as reserves for mortgage purposes?

Yes..your retirement funds would count toward reserves....Some investors use a percentage though most will use the entire balance now.

Yes, but lenders only consider a percentage.. typically 65%. If your already at retirement age, then they might allow 75% since you wont be subject to a penalty if you withdraw.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Yes they will take a percentage of the savings into consideration

Talia, I don't have a different answer - just to let you know I am local to you. My office is in Rohnert Park. Would you like to meet and get you preapproved for a home purchase? ehoffman@cmgfi.com 707-328-2864

The simple answer is yes.

Looks like you received your answer, yes! The percentage may vary from 65% to 75% counted in reserves. I had my offices in Santa Rosa for many years! NowI office in Marin County where we now reside but still do a lot of my business in Sonoma County. It is a wonderful place we go back up to regularly.