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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.

The Supplemental Property Tax Bill: Sacramento's Sneakiest New-Homeowner Surprise

A few months after closing on your new home, an extra property tax bill shows up — one your lender probably isn't paying, even if you have an escrow account. It's called a supplemental tax bill, it's completely normal in California, and it routinely runs $1,500–$4,000+ on a typical Sacramento-area purchase. Nobody's doing anything wrong; the county is simply catching your taxes up from the seller's old assessed value to your new purchase price. But if nobody warns you, it lands like a punch. Consider this your warning — and your game plan.

Why this bill exists

Under Proposition 13, a home's taxable value resets to the purchase price when it sells. But the county's regular tax roll only updates once a year. So for the months between your closing date and the next roll, the regular bill is still based on the seller's old, usually much lower, assessed value. The supplemental bill is the county collecting the difference for that stub period. Buy a home assessed at $310,000 for $550,000, and the county needs to tax you on the extra $240,000 from your closing date forward.

The math, in one table

Item

Example

Purchase price (your new assessed value)

$550,000

Seller's old assessed value

$310,000

Supplemental assessment (the difference)

$240,000

Approximate tax rate

1.1%

Full-year supplemental amount

~$2,640

Your bill (prorated from closing date)

Roughly $220 per remaining month of the tax year

 

Close early in the fiscal year (which runs July 1–June 30) and you may even receive two supplemental bills covering two periods. Again: normal, not a mistake. And if you buy new construction, expect supplemental bills as the land and completed home are assessed in stages — new-build buyers in Folsom Ranch, Lincoln, and Rancho Cordova's new communities see this constantly, on top of any Mello-Roos covered in our separate guide.

The part that catches everyone: your escrow account won't save you

Your monthly payment likely includes an escrow (impound) account that pays your regular tax installments. Supplemental bills are mailed directly to you, the homeowner, and most servicers do not pay them automatically. The bill arriving at your house is the bill you owe. If it goes unpaid because you assumed "the mortgage company handles taxes," penalties follow. When in doubt, call your servicer and ask — but plan on paying it yourself.

Time-sensitive notes (July 2026): supplemental bills typically arrive a few weeks to several months after closing, once the assessor processes the ownership change — timelines vary by county workload. Effective total tax rates in the Sacramento region generally run ~1.1%–1.25% of assessed value (higher in Mello-Roos communities). Amounts above are illustrative; your bill depends on your price, the seller's assessed value, and your closing date. Sacramento, Placer, El Dorado, and Yolo counties all post supplemental tax estimators or explanations on their assessor/tax collector sites.

 

Your five-step game plan

•       Estimate it before closing. The gap between the seller's assessed value (visible on the preliminary title report or county site) and your price, times ~1.1%, prorated — that's your ballpark. Ask for this number during escrow.

•       Park the money. Set the estimate aside in savings the day you close. Future-you says thanks.

•       Watch the mail. The county mails supplemental bills to the property or your mailing address on record — they're easy to mistake for junk.

•       Don't assume escrow covers it. Verify with your servicer; most don't pay supplemental bills.

•       Know the flip side. If you bought below the old assessed value (it happens in softer markets), you may receive a supplemental refund instead. Sacramento's 2026 market has produced a few of these.

FAQ: supplemental property taxes

Is the supplemental bill a one-time thing?

Yes — it covers the catch-up period only. Once the regular roll reflects your purchase price, your normal installments (November and February due dates, technically December 10 and April 10 delinquency deadlines) take over.

Can I pay it in installments?

Supplemental bills come with their own installment due dates printed on the bill — many are payable in two installments. Follow the bill's dates, not the regular tax calendar.

Does the supplemental bill affect my mortgage approval?

No — it arrives after closing and isn't part of your qualifying ratios. It's a cash-flow event, which is exactly why we flag it to every buyer in advance.

What about refinancing — do I get a supplemental bill then?

No. Refinancing doesn't change ownership, so there's no reassessment and no supplemental bill.

I got TWO supplemental bills. Is that an error?

Probably not. Closings between January and June often trigger two bills — one for the remainder of the current fiscal year and one for the next. Check the periods printed on each bill; they shouldn't overlap.

Want a closing-cost and first-year budget walkthrough that includes the bills nobody mentions?

Call The Chris Kennedy Team at (916) 794-0777 or visit thechriskennedyteam.com to get started. Serving Sacramento, Placer, El Dorado, and Yolo counties.

 

The Chris Kennedy Team | Reliant Lending | NMLS #971546. Equal Housing Opportunity. This article is for educational purposes only and is not a commitment to lend. Rates, program guidelines, and figures referenced are subject to change without notice. Contact a licensed loan officer for current terms and a personalized quote. Not tax or legal advice — consult a qualified professional regarding your specific situation.

Chris KennedyComment