ROSEVILLE (CBS13) — Roseville is making it easier for people to buy homes, allowing them to lease the home, then buy it.
As visitors step inside this beautifully appointed model home, many are tempted to buy. But sometimes they’re not yet in a position to make that big purchase.
Now, the city of Roseville is set to roll out a program allowing buyers to get into that home a little earlier.
Under the Trio program, those who qualify, have an option to purchase a home in one to five years, by signing a lease. Ten percent of that lease goes toward the down payment. The program locks in today’s interest rate and purchase price.
The program covers homes built in the last 10 years or brand new, up to a maximum price of $525,000.
The program is geared to moderate income families. That might mean a family of four making $100,000 a year. You have to first qualify for the lease, but it’s a smaller down payment than a mortgage.
In a time where buyers may be having trouble getting their offer accepted, the city has high hopes this program will give would be buyers an advantage.
The city is holding informational workshops for those interested in the program at 5:30 p.m. on May 25 in the Roseville City Council chambers.