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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.

Mello-Roos & Supplemental Tax Bills: The Sacramento Surprise That Wrecks Budgets

You got pre-approved, you found the house, you ran the payment — and then a tax bill shows up that nobody warned you about. Welcome to Mello-Roos and the supplemental tax bill, two very real costs that catch Sacramento-area buyers off guard every single month. They can add $100 to $400+ to your housing cost in newer communities, and they don't show up in the listing price. Here's how to see them coming.

What Mello-Roos Actually Is

Mello-Roos (officially a Community Facilities District, or CFD) is a special tax that funds the infrastructure in newer developments — schools, roads, parks, sewers. It's why that brand-new neighborhood has shiny everything. The catch: you help pay for it, on top of your regular property taxes, often for 20–40 years.

Where it shows up heavily around here:

•    Folsom — especially the newer south-of-50 communities.

•    El Dorado Hills — many master-planned neighborhoods.

•    Lincoln, Roseville, Rocklin — large chunks of newer Placer County development.

•    Natomas and Elk Grove — newer subdivisions throughout.

Older, established neighborhoods — think Land Park, East Sac, Carmichael — generally have little or no Mello-Roos. That's a real trade-off: shiny and new vs. lower carrying cost.

The Number That Actually Matters

California's base property tax runs about 1.1%–1.25% of purchase price. Add Mello-Roos and your *effective* tax rate in a newer community can climb to 1.6%, 1.8%, even 2%+. On a $700,000 Folsom home, that gap is the difference between roughly $7,700 and $13,000+ a year — over $400 a month. Same house price, wildly different payment.

Scenario

Est. effective tax rate

Annual tax (on $700k)

Monthly

Established neighborhood

~1.15%

≈ $8,050

≈ $671

Newer Mello-Roos community

~1.85%

≈ $12,950

≈ $1,079

 

Figures are illustrative — always pull the exact tax bill for the specific parcel.

The Supplemental Tax Bill Ambush

Separate trap, same victim. When you buy, the county reassesses the home at your purchase price. If you paid more than the prior assessed value (you almost always did), you'll get a one-time supplemental tax bill for the difference — sometimes months after closing, sometimes thousands of dollars, and often not covered by your impound/escrow account. Buyers who didn't budget for it get blindsided. Set the money aside on day one.

How to Protect Yourself

1.  Before you write an offer, ask for the property's actual current tax bill and look for any CFD/Mello-Roos line items.

2.  Pull the parcel on the county assessor's site to confirm the effective rate.

3.  Have your lender quote the payment using the real tax figure, not a generic 1.25% estimate.

4.  Open a supplemental tax savings bucket the day you close so the bill isn't a gut punch.

Frequently Asked Questions

What is Mello-Roos in Sacramento-area homes?

Mello-Roos is a special tax (a Community Facilities District) that funds infrastructure in newer developments like schools and roads. It's added on top of standard property taxes and is common in newer parts of Folsom, El Dorado Hills, Lincoln, Roseville, Natomas, and Elk Grove.

How much does Mello-Roos add to my payment?

It varies by community but commonly adds $100 to $400+ per month, pushing an effective tax rate from around 1.15% up to 1.6%–2%+ of the purchase price.

What is a supplemental property tax bill?

After you buy, the county reassesses the home at your purchase price and sends a one-time bill for the difference between the old and new assessed value. It often arrives months after closing and may not be covered by your escrow account.

How do I find out if a home has Mello-Roos?

Request the property's actual tax bill before making an offer and check the county assessor's records for CFD or special-assessment line items. Have your lender quote the payment using the real tax figure.

Before you fall for a shiny new build, get the real tax number. The Chris Kennedy Team quotes your payment using the actual parcel taxes — no surprises at closing. Call (916) 794-0777 or visit thechriskennedyteam.com.

Chris KennedyComment