First Time Homebuyer Assistance Program
This program provides flexible second mortgages to help families purchase their first home in the unincorporated areas of Placer County. The First Time Homebuyer Assistance Program loan can help make mortgage payments more affordable. If you are interested in learning more fill out this Housing Program Interest Form. Loans are available on a first-come/first-serve, meet the program requirements, and are ready to make a home purchase.
- You must be a First Time Homebuyer defined as:
- A household who has not owned a home (other than a mobile home) in the past 3 years or;
- A displaced homemaker who has not worked on a full-time basis for 12 consecutive months in the past two years or;
- A single parent who is unmarried or legally separated from their spouse and has custody or joint custody of a minor or;
- A household who owned a home not fixed on a permanent foundation or own a home out of compliance with local, state or model building codes whose cost to bring their structure into compliance would be more than the cost of constructing a permanent structure.
- You must be pre-approved for a first mortgage loan.
- You must make less than 80% of the County's Median Income for your household size. The current income limits are:
|Income Limits (As of June 1, 2020) by Household Size|
|1 Person||2 Persons||3 Persons||4 Persons||5 Persons||6 Persons||7 Persons||8 Persons|
- You must have 3% of the total purchase price available at the time of application. These funds cannot be in the form of a loan.
- The eligible property must be located in unincorporated Placer County.
Tenant Based Rental Assistance Program (TBRA)
The Placer County Housing Authority is providing rental subsidies to very low-income individuals and families in Placer County that were impacted by the COVID-19 pandemic and meet the program criteria (excluding the City of Roseville). TBRA offers assistance for up to four months of unpaid back rent and late fees accrued after March 13, 2020 (not to exceed $2,500.
Click here Version OptionsHousing Programs & ActivitiesHeadline to see the eligibility requirements or contact 211 by dialing 2-1-1 or 1-833-DIAL211 for additional information. 211 operators will go through a screening sheet to determine if the household is potentially eligible. All households that pass the screening will be referred over to Placer County and eligible applicants will be sent the TBRA Application to apply for assistance.