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Town of Truckee BEGIN Reuse Program

Truckee, California

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Assistance

0.2%

Of the purchase price, as the program sets it

Income limit

$149,500

The household income limit the program publishes

Repayment

Deferred

No payments until the home is sold or refinanced

What is Town of Truckee BEGIN Reuse Program?

Town of Truckee BEGIN Reuse Program is a deferred second loan for homebuyers in Truckee, California.

  • FTHB status required (3-year ownership lookback). Loan term is 30 years, with repayment triggered by sale, transfer, or cessation of primary residency.
  • Up to 20% of purchase price, capped at $80,000, deferred loan for down payment assistance. Repayment deferred for 30 years or until sale, transfer, or cessation of primary residency.
  • 3% interest rate.

How much assistance does it provide?

Town of Truckee BEGIN Reuse Program provides assistance worth 0.2% of the purchase price, as set by the program.

  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Town of Truckee BEGIN Reuse Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by sale, refinance, or change of primary residence.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Town of Truckee BEGIN Reuse Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Not Specified
  • A completed homebuyer education course, through HUD-approved housing counseling required for most CA DPA programs
  • Sourced from Homebuyer Wallet (CA260112). Property must be located within the Town of Truckee. Household income must not exceed 120% of the AMI for Nevada County. Verify with provider before lender use.

The program excludes

  • Households above $149,500

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Town of Truckee BEGIN Reuse Program limits household income to $149,500.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Town of Truckee BEGIN Reuse Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Town of Truckee BEGIN Reuse Program serves buyers purchasing in Truckee, California.

How do you apply?

Applications for Town of Truckee BEGIN Reuse Program go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through HUD-approved housing counseling required for most CA DPA programs.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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