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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

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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.

Seller Credits and Closing Costs in Sacramento

Yes, sometimes. A seller credit can lower the cash you bring to closing. Limits apply, and they depend on your loan.

This guide is for buyers and the Realtors who write offers for them in Sacramento, Placer, and El Dorado counties.

What a seller credit is

The seller agrees in the contract to pay part of your closing costs. The credit shows up on the closing papers. It does not come to you as cash.

What it can cover

  • Lender fees.

  • Title and escrow fees.

  • Prepaid items like taxes and insurance.

  • A rate buydown. See the 2-1 buydown post on this blog.

Limits depend on the loan

Each loan program caps the credit. Caps vary by loan type, down payment, and whether the home is your primary residence. Your loan officer should check the limit before you write the offer. A credit above the cap can force a change late in escrow.

Credit versus a lower price

A seller might drop the price or give a credit. They are not the same. A lower price lowers your loan. A credit lowers your cash needed at closing. Which is better depends on your cash, your payment, and the appraisal.

Appraisal matters

The home still has to appraise. Credits do not change the value. If the appraisal comes in low, see the low appraisal post on this blog.

Talking with the seller

In a hot market, a credit may make an offer weaker. In a slower market, it may be easier to negotiate. Ask your Realtor how local sales look right now.

Steps to take first

  1. Ask your loan officer for the credit limit on your loan.

  2. Decide whether you want a credit, a lower price, or a buydown.

  3. Put the exact terms in the offer.

  4. Review the closing disclosure line by line.

FAQ

Can the seller give me cash back? No. A credit pays closing costs. It cannot put cash in your pocket.

Can I use a credit toward my down payment? Generally no. Credits cover costs, not the down payment.

Does a credit change my rate? Not by itself. It can pay for a buydown.

Do VA and FHA allow credits? Yes, with limits. Ask your loan officer for the current rules.

Chris Kennedy, NMLS #971546. Reliant Lending, 2100 Northrop Ave #900, Sacramento, CA 95825. General education only, not a loan offer. Limits vary by program.

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