News Flash

Nevada County News

Posted on: May 28, 2021

2021 Nevada County Down Payment Assistance

Housing

Nevada County’s Health and Human Services Agency’s Division of Housing and Community Services now has funding to provide home ownership opportunities to first time home buyers. The HOME First-time Homebuyers’ Program provides low to moderate income residents who are first-time homebuyers the financial assistance needed to own a home in the unincorporated areas of Nevada County.  

The HOME First-time Homebuyers’ Program can provide down payment gap assistance to families who are first-time homebuyers.  A first-time homebuyer is an individual who has not owned a principal residence during the three years prior to the purchase of the property being purchased with the HOME loan.  The home being purchased with HOME funds cannot exceed a purchase price of $404,000. The definition of low-income for this program is based on U. S. Department of Housing and Community Development standards developed for Nevada County by household size and income.

Family size

1

2

3

4

5

6

Max. Income

$50,300

$57,500

$64,700

$71,850

$77,600

$83,350

 Applicants must complete and submit an application, located at the link below, accompanied by a lender’s prequalification letter.  For more information about home financing programs and resources available to Nevada County residents, please visit the HHSA – Housing website https://mynevadacounty.com/539/Housing-Community-Services or contact Rob Choate, Administrative Services Associate at (530) 265-1645 or by email at rob.choate@co.nevada.ca.us .

 

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