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Chester sits in Plumas County, where the median household income is $64,946. The Treasure Canyon gold mine project is bringing development activity to the region.
Asset Depletion Loans let borrowers qualify using retirement savings and investment accounts. Homes in Chester typically run well below the 2026 conforming limit of $832,750.
620+
Typical FICO Floor
10–20%
Down Payment Range
30–45 days
Average Closing Time
$64,946
County Median Income
Asset Depletion Loans in Chester
Asset Depletion Loans let you count retirement accounts toward qualification. Instead of relying solely on annual income, the lender divides your liquid assets by 360 months.
Most lenders require 620+ FICO and 10% to 20% down. The county's $64,946 median household income means a typical Chester buyer has limited W-2 earnings.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Chester.
Chester sits in Plumas County, where the median household income is $64,946. The Treasure Canyon gold mine project is bringing development activity to the region.
Asset Depletion Loans let borrowers qualify using retirement savings and investment accounts. Homes in Chester typically run well below the 2026 conforming limit of $832,750.
Asset Depletion Loans let you count retirement accounts toward qualification. Instead of relying solely on annual income, the lender divides your liquid assets by 360 months.
Asset Depletion Loans are less common than conventional or FHA products. Brokers typically source these through portfolio lenders or specialty programs.
Closing timelines run 30–45 days on average. Lenders order asset statements and verify account ownership carefully.
Asset Depletion Loans shine for Chester retirees with substantial savings. If you have $200,000 in a brokerage account but only $35,000 annual Social Security, this program works.
The program falters when retirement accounts are thin. If your savings are your emergency fund, depleting it for qualification defeats the purpose.
Conventional loans require documented income — W-2s, pay stubs, tax returns. Asset Depletion Loans skip that paperwork and count your savings instead.
FHA loans also accept lower credit scores but still demand income documentation. Asset Depletion is the only program that truly counts savings as income.
Feather River College's Upward Bound program sends Plumas County students to UC Davis. That educational investment signals long-term community commitment.
The new Feather River state park access in adjacent Yuba County brings outdoor recreation closer. Riverside trails appeal to active retirees considering Chester.
Yes. The lender divides your liquid assets by 360 months and adds that to your Social Security. Combined, they may meet the debt-to-income requirement.
IRAs, 401(k)s, brokerage accounts, and savings accounts all count. The lender verifies ownership and liquidity.
No. The lender uses a mathematical formula to count assets as income. Your actual accounts remain untouched unless you use them for down payment.
Most lenders require 10% to 20% down. Some programs accept 10% if credit and assets are strong.
Expect 30–45 days from application to closing. Asset verification takes longer than income documentation.