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Town of Truckee First Time Homebuyer Down Payment Assistance Program

By
Real Estate Agent with eXp Realty of California, Inc. DRE#00998262

Town of Truckee First Time Homebuyer Down Payment Assistance Program

Good news for First Time Homebuyer in Truckee, the Town of Truckee is launching another round of first-time homebuyer down payment assistance to help Truckee residents and employees purchase their first homes. Annual Income qualifications apply.

Town of Truckee First Time Homebuyer Down Payment Assistance Program

Eligible participants must submit their applications no later than September 8, 2011 at 5pm. Application packages can be picked up from August 9, 2011 at 10183 Truckee Airport Road which is Truckee Town Hall.  You can also access applications on Town of Truckee website.

Submit your application to:

JoAnn Anders
P.O. Box 1583
Cedar Ridge, CA  95924

Make sure your application will be received by the deadline of September 8, 2011 at the address above. Truckee Town Hall will not accept any application package.

Applications for Town of Truckee first-time homebuyer down payment assistance will be randomly selected to determine eligibility on September 9, 2011

"First-Time Homebuyer" eligibility is defined as Truckee residents or employees who have not owned a home in the last three years.

This is a tremendous opportunity for Truckee residents or employees who otherwise may not be able to qualify for a regular mortgage. The down payment assistance loan varies around 2-3% and the amount can go up to $90,000 based on qualified income.

Call Ann Nguyen for more information on this great opportunity.

Originally posted at http://www.tahoetruckeehome.com

Jamie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Ann - I think it's great that Truckee has a program like this to assist first time home buyers.  Saving for a down payment is one of the toughest things these buyers face.

Aug 25, 2011 04:12 PM
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Ann - Great information for those who need a little assistance in becoming owners of the "American Dream".

Sep 14, 2011 12:56 AM
Not a real person
San Diego, CA

I don't understand how those work because don't lenders get upset if you haven't actually saved up your own money for the downpayment. I know they used to.

I think everyone should be required to put 10% down, minimum, no exceptions, but I don't care where they get the 10% -- gambling, mom and dad, whatever.

Sep 20, 2011 05:36 AM
Lisa Wetzel
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com

Ann ... Even though the deadline has passed ... I think this is a great program and I'd be curious exactly how successful it was in generating sales activity!

Sep 22, 2011 03:30 AM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Ann

That's good news that first time homebuyers will surely welcome. It couldn't come at a more opportune time since prices are low, and so are interest rates

Good luck --- may first time homebuyers keep your phone ringing!

Oct 19, 2011 04:18 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

The first time buyer down payment assistance program sounds like a GREAT way for those first time buyers in Truckee to get a home in 2012!

Dec 20, 2011 11:10 AM