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 .
