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Sacramento Housing Blog

Sacramento Housing Blog

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Why Buying a Home is the Best Investment

Welcome to The Chris Kennedy Team Mortgage Blog

Honest, local, easy-to-understand mortgage guidance for buyers and homeowners across Sacramento, Placer, El Dorado, and Yolo Counties.

Hi — I'm Chris Kennedy. For years, I've helped first-time buyers, veterans, families upsizing into their forever homes, and seasoned investors navigate one of the biggest financial decisions of their lives: getting a mortgage in the greater Sacramento area.

This blog exists for one simple reason. Most mortgage advice online is generic, confusing, or written by people who've never closed a loan in Sacramento, Roseville, Folsom, El Dorado Hills, or Davis. I wanted to change that.

Every post on this site is written for you — the buyer, homeowner, or veteran trying to make sense of mortgages in a real Northern California market. Real numbers. Real neighborhoods. Real programs that actually work here.

What you'll find on this blog

Whether you're brand new to homebuying or you've owned for decades, you'll find practical, local guidance on every part of the mortgage process. The articles below cover:

For first-time buyers — How to qualify, how much you really need to put down, how to use CalHFA assistance, and how to stop waiting and start owning.

For veterans, active-duty service members, and surviving spouses — Everything you need to know about putting your VA home loan benefit to work in Sacramento, Roseville, Folsom, and beyond. Zero down. No PMI. The benefit you earned.

For move-up buyers and luxury buyers — Jumbo loan strategies for higher-priced markets like El Dorado Hills, Granite Bay, Serrano, and Bass Lake — including how to qualify, what reserves you'll need, and how to compete in luxury bidding wars.

For investors and wealth-builders — How to use FHA multi-family loans (yes, with just 3.5% down) to "house hack" your first investment property, plus the long-term wealth-building strategy that real estate quietly delivers better than almost any other investment.

For buyers in rural and semi-rural areas — A breakdown of USDA loans across Placer, El Dorado, and Yolo counties, where surprisingly large portions of the region qualify for $0-down financing.

For credit-building buyers — How FHA loans help buyers with imperfect credit get into Sacramento-area homes, plus practical credit improvement strategies that actually move the needle.

Why this blog is different

Three things set this content apart:

It's local. Every article names real neighborhoods, real Sacramento-area home prices, and real programs available in Sacramento, Placer, El Dorado, and Yolo counties — not vague national advice.

It's honest. I tell you what works, what doesn't, what the catches are, and when a loan isn't right for you. No high-pressure pitches. No fine print buried at the bottom.

It's actionable. Every post is built so that by the end, you know what to do next — whether that's running numbers, checking eligibility, or starting a conversation.

A little about me

I've spent my career helping Sacramento-area families navigate mortgages — through every kind of market, every kind of loan, and every kind of buyer situation. I've helped:

  • First-time buyers close with $0–$5,000 out of pocket using FHA + CalHFA strategies

  • Veterans buy in Sacramento, Roseville, Folsom, and El Dorado Hills with zero down

  • Move-up families step into luxury markets using jumbo financing

  • Investors build long-term wealth through smart house-hacking and refinance strategies

  • Self-employed borrowers other lenders turned away find creative solutions

My team and I serve the entire greater Sacramento region, including:

  • Sacramento County — Sacramento, Elk Grove, Folsom, Citrus Heights, Rancho Cordova, Antelope, Natomas

  • Placer County — Roseville, Rocklin, Lincoln, Auburn, Loomis, Granite Bay

  • El Dorado County — El Dorado Hills, Cameron Park, Placerville, Diamond Springs, Pollock Pines

  • Yolo County — Davis, Woodland, West Sacramento, Winters, Esparto

If you're buying anywhere in Northern California, there's a good chance we can help.

Start exploring

Scroll down to find articles tailored to your situation. If you're not sure where to begin, here are three good starting points:

Ready to talk?

Reading is great — but a 15-minute conversation will tell you more about what's possible for your specific situation than any article ever could. No pressure, no obligation, no salesy follow-up calls.

Chris Kennedy | The Chris Kennedy Team NMLS# 971546 Mortgage Lender serving Sacramento, Placer, El Dorado, and Yolo Counties www.thechriskennedyteam.com

[CALL NOW] | [GET PRE-APPROVED] | [SEND ME A MESSAGE]

The Chris Kennedy Team specializes in FHA, VA, USDA, conventional, jumbo, and CalHFA loans throughout Sacramento, Roseville, Folsom, El Dorado Hills, Granite Bay, Davis, Woodland, Auburn, Lincoln, Rocklin, Cameron Park, and the surrounding Northern California region. Browse the articles below to learn more — or reach out anytime.

Buying a Multi-Unit Home as Your First Property

The Smartest Way to Buy Your First Home in Sacramento

Most people think their first home has to be a single-family house.

Live in it. Pay the mortgage. Hope it goes up in value.

That’s the traditional path…

But there’s a smarter play most people never hear about:

👉 Buy a multi-unit property. Live in one unit. Rent out the others.

It’s called house hacking—and in Sacramento, it can completely change your financial trajectory.

💡 What Is a Multi-Unit Property?

A multi-unit property is anything with 2 to 4 units:

  • Duplex (2 units)

  • Triplex (3 units)

  • Fourplex (4 units)

The key advantage?

👉 You can live in one unit and use the rental income from the others to help cover your mortgage.

💰 Can You Really Buy One With 5% Down?

Yes—and this is where it gets interesting.

With a conventional loan, you can buy:

  • A 2–4 unit property

  • With as little as 5% down

  • As long as you live in one of the units

That last part matters.

👉 This is for owner-occupied financing, not investment property loans.

🧠 Why This Strategy Works

This isn’t just about buying a home…

It’s about buying an asset that works for you.

Here’s what happens:

  • Your tenants help pay your mortgage

  • Your out-of-pocket cost drops dramatically

  • You start building equity faster

  • You gain real estate investing experience on day one

In many cases, buyers in Sacramento find their housing cost ends up being lower than renting.

📍 Why Sacramento Is Perfect for This

Sacramento has a few things going for it:

  • Strong rental demand

  • More affordable multi-units compared to the Bay Area

  • Growing population and job market

  • Solid entry points in areas like North Sacramento, South Sac, and parts of West Sac

👉 Translation: People need places to rent—and you can be the one providing it.

⚠️ What Most People Don’t Tell You

Let’s keep it real for a second.

This strategy is powerful… but it’s not passive.

You’re stepping into:

  • Being a homeowner

  • Being a landlord

  • Managing tenants (at least at the beginning)

But here’s the flip side…

👉 You’re learning skills that can build long-term wealth.

📊 Example Scenario (Simple Numbers)

Let’s say:

  • Purchase price: $600,000 (duplex)

  • 5% down: $30,000

  • You live in one unit

  • Other unit rents for $2,200/month

That rental income can offset a big chunk of your mortgage.

👉 Instead of paying the full payment yourself… you’re sharing the load.

🔑 How to Qualify

To make this work, lenders will look at:

  • Your income and credit

  • Your down payment (5%)

  • Expected rental income from the other units

And here’s the key:

👉 In many cases, we can use a portion of the rental income to help you qualify.

That’s a game changer.

🪖 Bonus: VA Buyers Have an Even Bigger Advantage

If you’re a veteran…

👉 You may be able to do this with 0% down

And still buy up to a 4-unit property.

That’s one of the most powerful wealth-building tools out there.

🚀 The Real Play (Most People Miss This)

Most first-time buyers think:

“What can I afford?”

The better question is:

👉 “What can I buy that pays me back?”

That shift changes everything.

🤝 Let’s Run Your Numbers

Chris here.

If you’re even thinking about this strategy, the next step isn’t guessing…

It’s seeing real numbers for your situation.

I’ll show you:

  • What you can qualify for

  • What your payment would look like

  • How rental income factors in

No pressure—just clarity.

📲 Call or text: 916-799-3256

🔍 Quick FAQs (Because Everyone Asks)

Can I really buy a duplex with 5% down?

Yes—if it’s your primary residence and you live in one unit.

Do I need landlord experience?

No. Everyone starts somewhere.

Is this better than buying a single-family home?

If your goal is building wealth faster—this is one of the best ways to do it.

💭 Final Thought

Chris… this is one of those moves where 5 years from now you either say:

“I’m glad I did that…”

Or

“I wish someone would’ve told me.”

Now you know.