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Town of Truckee BEGIN Reuse Program

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

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The program asks for

  • 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.
  • A home inside Truckee city limits

It doesn’t cover

  • Households above $149,500
  • Homes outside Truckee

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

Income limit

$149,500 household income limit, as the program publishes it

The program states this limit itself. Its official site says how household size changes it.

Income limits in California

Where it applies

Truckee’s homes

  • 81.4% single-family
  • 2.3% townhouse
  • 6.9% 2–4 units
  • 7.1% 5+ units
  • 2.3% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$947,900

Truckee median home value

29.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Truckee

How to apply

  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 homebuyer can take it to a lender or housing counselor.

Questions about this program

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.

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 homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Not Specified. A homebuyer education course is required, 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.

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 homebuyers purchasing in Truckee, California.

How do you apply?

Applications for Town of Truckee BEGIN Reuse Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Truckee homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 119 programs for Truckee

Program terms are set by the administering agency and can change; confirm on the official site before you apply.