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Placerville attracts retirees, remote workers, and business owners who often hold significant assets but lack W-2 income. Asset depletion loans are built for exactly that borrower profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Fewer lenders offer it, but the right ones do — and we work with over 200 of them.
680 (most lenders)
Min Credit Score
60–84 months
Asset Depletion Period
60–70% of balance
Retirement Account Credit
None (assets only)
Income Docs Required
Non-QM
Loan Type
Asset Depletion Loans in Placerville
Lenders calculate income by dividing your liquid assets over a set period — typically 60 to 84 months. That number becomes your qualifying monthly income.
Eligible assets usually include checking, savings, money market accounts, and investment portfolios. Retirement accounts may count at a discount, often 60–70% of the balance.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Placerville.
Placerville attracts retirees, remote workers, and business owners who often hold significant assets but lack W-2 income. Asset depletion loans are built for exactly that borrower profile.
This is a non-QM loan. That means it falls outside standard Fannie Mae and Freddie Mac guidelines. Fewer lenders offer it, but the right ones do — and we work with over 200 of them.
Lenders calculate income by dividing your liquid assets over a set period — typically 60 to 84 months. That number becomes your qualifying monthly income.
Most retail banks won't touch asset depletion loans. This product lives in the non-QM wholesale space — specialty lenders with specific guidelines and appetite for this borrower.
Rate spreads vary widely across lenders on this product. Shopping a single lender here is a real mistake. We compare guidelines and pricing across our full network.
The biggest deal-killer I see: borrowers who have assets but they're illiquid. A beach house in South Lake Tahoe doesn't qualify. Cash and marketable securities do.
Credit score still matters on these loans. Most lenders want a 680 or better. Bring clean credit and strong assets, and this loan becomes straightforward.
Bank statement loans are the closest alternative. If you have self-employment income flowing through accounts, that path may get you a better rate.
DSCR loans fit if you're buying a rental property. Asset depletion works better for primary residences or second homes where rental income isn't part of the picture.
El Dorado County is a popular landing spot for retirees leaving the Bay Area. Many arrive with significant liquid assets from home sales or retirement accounts.
Placerville properties can include rural parcels and acreage. Some lenders add overlays for rural properties on non-QM loans — something we screen for upfront.
It depends on the loan amount and repayment term. Lenders divide your assets over the loan period to calculate monthly income.
Yes, but most lenders discount retirement accounts to 60–70% of their value. Liquid non-retirement accounts carry more weight.
Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Often yes, but lenders may add conditions for acreage or rural designations. We vet lender overlays before submitting your file.
No employment income is required. The asset calculation substitutes as qualifying income under non-QM guidelines.
Most lenders require 680 or higher. A stronger score improves your rate and expands lender options significantly.