Saturday, February 8, 2025
39.3 F
Roseville

Roseville first time home buyers assistance

Roseville, Calif.- The City of Roseville was recently awarded $1.3 million through the State-administered Neighborhood Stabilization Program (NSP). These federal funds were made available through the Housing & Economic Recovery Act of 2008. The intent of this special funding opportunity is for jurisdictions to assist income-qualified purchasers in the acquisition of bank-owned homes.

The City is currently soliciting interested first-time home buyers (which means you have not owned a home in the past three years) to complete an interest form which is located online.

To qualify for the City’s down payment assistance in order to purchase a bank owned home, households need to earn less than 80 percent of the area median income, adjusted for household size. For example the maximum income for a 2 person household is $46,600 and 4 person household is $58,250. With the recently approved extension of the $8,000 federal income tax credit for homebuyers, and the city’s down payment assistance program, this could be a great opportunity for those who apply now and purchase homes early in 2010.

After interested households have submitted an interest form for the program to the Housing Division Office, located at 311 Vernon Street, Roseville, CA 95678, a full application will be mailed to the pre-applicant, in order to be placed on the waiting list for the NSP First Time Home Buyer program.

The City designed program will assist with a zero percent, shared equity loan, up to a maximum of $60,000 in assistance. The loan does not require monthly payments and is not due and payable until sale of the home.  Homes acquired under this program are restricted to only bank-owned homes, located in six census tracts within the city limits, which are:

209.01 (Cherry Glen/Theiles Manor),
209.02 (Hilltop Circle/Vineyard/Roseville Heights)
208.00 (Folsom Road/Hillcrest/Cresthaven)
210.08 (Los Cerritos/Kaseberg-Kingswood)
210.04 (Highland Reserve), and
210.03 (Sierra Vista/Enwood/Diamond Oaks/Harding/Galleria/Creekside).



Brighter Side

Trending

Roseville Today Super Bowl party picks for Eagles and Chiefs game

Roseville, Calif.- This Sunday at the Superdome in New Orleans, the Philadelphia take on the Chiefs in Super Bowl 59. A super-sized rematch and unofficial national holiday of $8 million dollar commercials, food and drink and a little football.

Quarry Oaks Apartments in Rocklin

Quarry Oaks Apartments in Rocklin, Calif.

All American Sweeping Co. in Roseville

All American Sweeping's objective is to provide personalized customer service with an emphasis on professionalism, communication, responsiveness and quality at a fair price

Roseville welcomes US Quadball West Coast National Qualifier this weekend

Roseville, Calif. - Quadball, an action-packed sport that evolved from the Harry Potter novels, will hold its only West Coast national qualifier Saturday, Feb. 8, and Sunday, Feb. 9 at Maidu Regional Park in Roseville.

Lowest Gas Prices in Roseville, Rocklin, & Lincoln

Roseville, Calif. - Gas prices continue to push higher above the $4 per gallon mark at many locations around South Placer County. Roseville consistently remains the low price leader while Rocklin and Lincoln residents consistently pay higher energy costs across the board.

Topics

Roseville Today Super Bowl party picks for Eagles and Chiefs game

Roseville, Calif.- This Sunday at the Superdome in New Orleans, the Philadelphia take on the Chiefs in Super Bowl 59. A super-sized rematch and unofficial national holiday of $8 million dollar commercials, food and drink and a little football.

Quarry Oaks Apartments in Rocklin

Quarry Oaks Apartments in Rocklin, Calif.

All American Sweeping Co. in Roseville

All American Sweeping's objective is to provide personalized customer service with an emphasis on professionalism, communication, responsiveness and quality at a fair price

Roseville welcomes US Quadball West Coast National Qualifier this weekend

Roseville, Calif. - Quadball, an action-packed sport that evolved from the Harry Potter novels, will hold its only West Coast national qualifier Saturday, Feb. 8, and Sunday, Feb. 9 at Maidu Regional Park in Roseville.

Lowest Gas Prices in Roseville, Rocklin, & Lincoln

Roseville, Calif. - Gas prices continue to push higher above the $4 per gallon mark at many locations around South Placer County. Roseville consistently remains the low price leader while Rocklin and Lincoln residents consistently pay higher energy costs across the board.

Beryozka – European Market in Rocklin

Beryozka European Market in Rocklin, Calif.

El Burrito Taqueria in Roseville

El Burrito Taqueria in Roseville. Our goal is to provide a fantastic experience for our guests. We use the best ingredients to create all of our authentic Mexican dishes.

Bio-identical hormone replacement therapy

As we age, we approach the "pausal" years. For women, it's known as Menopause. For men, it's known as Andropause. During these transitional times in life, it's as if the sex glands go into retirement and there can be a lot of changes,

Related Articles

Local Spotlight

Sacramento Naturopathic Medical Center emphasizes the use of prevention and natural therapeutics

Sacramento Naturopathic Medical Center is a professional primary care natural medicine committed to helping all people reach their full potential – mind, body and spirit.

Making a Splash in Roseville at Steve Wallen Swim School

Roseville, Calif. - Steve Wallen Swim School in Roseville teaches swim lessons and water safety for infants, kids, and adults of all skill levels.

Paul Black’s Window Cleaning serving Roseville and South Placer County for over 30 years

Paul Black’s Window Cleaning Inc. has been serving Placer County’s commercial and residential window cleaning needs since 1990.