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Angels Camp attracts retirees and second-home buyers with real wealth — but no W-2. Asset depletion loans are built for exactly that profile.
This is a non-QM loan. It doesn't follow standard income rules. Lenders calculate income by dividing your liquid assets over a set term.
620+
Min Credit Score
60 Days Min
Asset Seasoning
Liquid Assets
Income Source
No
Employment Required
Asset Depletion Loans in Angels Camp
Lenders take your verified liquid assets — cash, stocks, bonds — and divide them by a set number of months. That monthly figure becomes your qualifying income.
Most lenders want at least 620 credit and significant reserves. The higher your asset base, the stronger your qualification. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Angels Camp.
Angels Camp attracts retirees and second-home buyers with real wealth — but no W-2. Asset depletion loans are built for exactly that profile.
This is a non-QM loan. It doesn't follow standard income rules. Lenders calculate income by dividing your liquid assets over a set term.
Lenders take your verified liquid assets — cash, stocks, bonds — and divide them by a set number of months. That monthly figure becomes your qualifying income.
Most big banks won't touch asset depletion. This product lives in the wholesale non-QM channel. That's where we spend most of our time.
We work with 200+ wholesale lenders. That means we can match your asset type and balance sheet to the lender with the right formula for your situation.
The asset depletion formula is not standardized. One lender divides over 60 months. Another uses 84. That difference can make or break your approval.
Bring 60 days of statements for every account you want counted. Lenders are strict about sourcing. Unseasoned funds or recent transfers raise flags fast.
Bank statement loans use 12-24 months of deposits as income. Asset depletion uses your balance sheet instead. If you're not self-employed, asset depletion often fits better.
DSCR loans work for rental properties — income comes from the property. Asset depletion works for primary or second homes where you're the borrower, not the property.
Angels Camp sits in Calaveras County's Gold Country. Many buyers here are purchasing second homes or retiring from the Bay Area with significant liquid wealth.
Properties in the area often include rural land or acreage. Some lenders restrict asset depletion on rural or non-warrantable properties — confirm eligibility early.
Cash, brokerage accounts, and bonds typically qualify. Retirement accounts may count at 60-70% of value depending on your age and the lender.
No traditional income is required. Your assets are converted to a monthly income figure. That number is what lenders use to qualify you.
Yes. Asset depletion works for primary residences and second homes. Confirm the specific property type is eligible with your lender before applying.
It depends on the purchase price and loan term. Divide the loan amount by the lender's depletion schedule to estimate the asset floor needed.
Non-QM loans have more flexible income rules but stricter asset documentation. Strong credit and clean asset history improve your odds significantly.