Placer County Martis Fund Homebuyer Assistance Program
Maximum Amount
$100,000
Benefits
Up to $100,000 in assistance.
Two 30 Year Loan Options 1)Principal & Compound Interest Deferred Payment loan or 2) a Shared Resale Value loan.
No home price limit.
Loans may be up to $100,000. To reduce the day-to-day costs of homeownership, all principal and interest payments on the down payment assistance loans are deffered until the time a home is sold. A borrower may choose between paying deferred interest at either 3 percent compounded annually or based on a share of the home’s appreciation at the time of sale.
Self-employed residents able to document their local self-em
Participating Lenders
Homebuyers may work with the lender of their choice.
Approved Education Providers
N/A
Program Provider Contact
Sierra Business Council Gina Jones, Program Administrator gkjones@sierrabusiness.org 530-386-4986