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Markleeville is Alpine County's only incorporated town. It's remote, small, and not on most investors' radar — which is exactly what makes it interesting.
Alpine County has among the lowest populations of any county in California. That creates a thin but real market for vacation rentals and rural investment properties.
660-680
Min Credit (DSCR)
20-25%
Typical Down Payment
No (DSCR)
Income Docs Required
30-45 days
Est. Close Time
Investor Loans in Markleeville
Investor loans here are almost always non-QM. That means standard W-2 income documentation is not required.
DSCR loans are the most common fit. The property's rental income qualifies the loan — not your tax returns.
Local decision guide
Use this guide to connect investor loans eligibility, lender expectations, and local market factors before comparing payment options in Markleeville.
Markleeville is Alpine County's only incorporated town. It's remote, small, and not on most investors' radar — which is exactly what makes it interesting.
Alpine County has among the lowest populations of any county in California. That creates a thin but real market for vacation rentals and rural investment properties.
Investor loans here are almost always non-QM. That means standard W-2 income documentation is not required.
Most retail banks won't touch a rural Alpine County investment property. The appraisal is too difficult and the market too thin.
Wholesale non-QM lenders are a different story. We work with 200+ of them, and several actively lend on rural California investment properties.
The appraisal is the hardest part of any Markleeville deal. Comparable sales are scarce. Budget extra time and expect your lender to push back.
Short-term rental income can work for DSCR qualification. Get your Airbnb or VRBO history documented before you apply.
Conventional investment loans require full income docs and cap out at four financed properties per Fannie Mae guidelines.
DSCR loans have no income doc requirements and no cap on financed properties. For serious investors, that's a meaningful difference.
Markleeville sits near Hot Springs, the Carson River, and Sierra ski access. That geography drives vacation rental demand year-round.
Properties here move slowly. Days on market can be long. That's a negotiating advantage for patient investors with financing ready.
Yes. Several non-QM lenders accept short-term rental income for DSCR qualification. Documented STR history strengthens your file.
Retail banks usually won't. Non-QM wholesale lenders are more flexible. The appraisal process is the main hurdle.
Most investor loan programs require 20-25% down. Some hard money lenders go higher. Rates vary by borrower profile and market conditions.
DSCR stands for Debt Service Coverage Ratio. The loan qualifies based on rental income versus the mortgage payment — not your personal income.
Appraisal scheduling in rural areas adds time. Budget 30-45 days minimum. Hard money can close faster if speed matters.
Hard money is built for exactly that. Short terms, asset-based approval, fast close. It costs more, but it works when banks won't.