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Loyalton sits in Sierra County — one of California's most rural markets. Buyers here often have real wealth but no W-2 to show for it.
Asset depletion loans are built for exactly that profile. Your savings, retirement accounts, and investments become your qualifying income.
620+
Min Credit Score
60–84 months
Asset Depletion Term
~20%
Min Down Payment
21–35 days
Est. Close Time
Non-QM
Loan Type
Asset Depletion Loans in Loyalton
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That monthly figure is your qualifying income.
Most programs want at least 620 credit and 20% down. Higher asset balances improve your odds significantly.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Loyalton.
Loyalton sits in Sierra County — one of California's most rural markets. Buyers here often have real wealth but no W-2 to show for it.
Asset depletion loans are built for exactly that profile. Your savings, retirement accounts, and investments become your qualifying income.
Lenders divide your eligible assets by a set number of months — typically 60 to 84. That monthly figure is your qualifying income.
Most banks won't touch asset depletion loans. This is a non-QM product — non-traditional mortgage outside standard agency rules.
We work with 200+ wholesale lenders. Several specialize in non-QM programs that work well for Loyalton-area buyers with strong asset positions.
The biggest mistake I see: buyers listing illiquid assets. Lenders want cash, brokerage accounts, and vested retirement funds — not real estate equity.
Document everything before you apply. Two months of statements per account is the baseline. Gaps in documentation kill deals fast.
Bank statement loans are the closest alternative. They work if you have business income but hate tax returns showing losses.
If you own rental property, a DSCR loan uses rent income to qualify — no personal income or assets needed at all.
Sierra County has very few transactions per year. Appraisals can be a challenge — lenders need comparable sales that simply may not exist nearby.
Rural properties with acreage or unique features need lenders comfortable with non-standard collateral. We vet lenders on this before submitting.
Cash, brokerage accounts, and vested retirement funds typically qualify. Real estate equity and illiquid assets do not count.
Yes, but most lenders discount retirement accounts to 70% of their value. You must also be of withdrawal age or document penalty-free access.
Lenders divide your total eligible assets by a set term — often 60 to 84 months. That number becomes your monthly qualifying income.
The income side is the same anywhere. The challenge is appraisal — Sierra County has limited comps, so lender selection matters.
Rates run higher than conventional loans — this is a non-QM product. Rates vary by borrower profile and market conditions.
Non-QM loans typically close in 21 to 35 days. Complete asset documentation upfront keeps things moving without delays.