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Amador City is one of California's smallest incorporated cities. Buyers here tend to be retirees, investors, or high-net-worth individuals — not salaried W-2 employees.
Asset depletion loans let you qualify using liquid assets instead of a paycheck. If you have significant savings, this loan was built for your situation.
Typically 680+
Min Credit Score
20%+ typical
Down Payment
2-3 months
Asset Seasoning
Non-QM
Loan Type
Higher
Rate vs Conventional
Asset Depletion Loans in Amador City
Lenders divide your eligible assets by a loan term — typically 360 months — to calculate a monthly income figure. That number must cover the proposed mortgage payment.
You'll generally need strong credit, at least 20% down, and assets held in verifiable accounts. Retirement accounts often count at a discounted rate, around 70%.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Amador City.
Amador City is one of California's smallest incorporated cities. Buyers here tend to be retirees, investors, or high-net-worth individuals — not salaried W-2 employees.
Asset depletion loans let you qualify using liquid assets instead of a paycheck. If you have significant savings, this loan was built for your situation.
Lenders divide your eligible assets by a loan term — typically 360 months — to calculate a monthly income figure. That number must cover the proposed mortgage payment.
Most retail banks don't offer asset depletion programs. This is a non-QM product, meaning it lives outside conventional lending guidelines.
Wholesale lenders who specialize in non-QM are where these loans actually get done. We work with 200+ lenders — and only a subset of them do asset depletion well.
The most common mistake: borrowers assume all assets count equally. Brokerage accounts, checking, and savings typically get full credit. Illiquid assets — real estate equity, business ownership — usually don't.
Document every account before you apply. Lenders want 2-3 months of statements showing the funds are seasoned. Moving money around right before closing raises flags.
Bank Statement Loans work better if you run a business with active cash flow. Asset depletion is the better fit if your income is minimal but your balance sheet is strong.
DSCR Loans are another non-QM option, but those qualify on rental income — not personal assets. If this is a primary residence purchase, asset depletion is the cleaner path.
Amador City draws buyers who want a quiet Gold Country lifestyle. Many are cashing out equity from the Bay Area or Sacramento and relocating with cash-heavy portfolios.
Properties in small Amador County towns can be harder to appraise. Non-QM lenders already accept more deal complexity — that matters in a thin-inventory market like this.
Checking, savings, and brokerage accounts typically qualify in full. Retirement accounts usually count at 70%, and illiquid assets like real estate equity are excluded.
Not necessarily. Some lenders use assets alone. Others want to see at least some income stream, so requirements vary by lender.
It depends on the loan amount. A $600,000 loan over 360 months needs your depleted monthly figure to cover principal, interest, taxes, and insurance.
Yes. Non-QM lenders assess the borrower's financial profile, not just the property location. Rural Amador County properties are eligible.
Yes. Non-QM loans carry higher rates than conventional programs due to the added risk profile. Rates vary by borrower profile and market conditions.
Yes. Many non-QM lenders allow asset depletion on second homes and investment properties, though down payment requirements may be higher.