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The City of Roseville has partnered with Church Street Station, LLC to offer a unique
opportunity to first time homebuyers (people who have not owned their primary
residence for the previous three years).
This is your chance, on a first-come first-serve basis, to own a new home in the Victoria Station
subdivision.
The City of Roseville is offering a special finance program to help qualified first time homebuyers
purchase a home in this community. If you are currently renting and wish to become a homeowner,
you should strongly pursue this opportunity. WHY RENT WHEN YOU CAN OWN?
HOW CAN YOU FINANCE THE PURCHASE?
The homes will be offered for sale to qualified applicants with a second mortgage from the City of Roseville of up to $100,000. The second mortgage will be a shared appreciation loan with a zero percent (0%) interest rate. There are no payments due during the 45 year term of the loan. Once you are qualified for the first mortgage, the amount of the second mortgage from the City of Roseville will then be determined. The amount of the City of Roseville loan will only be enough to bridge the gap between the amount of the first mortgage you have qualified for and the market price of the home; up to a maximum of $100,000.
Below is an example for illustration purposes only. The amounts and payment are based on the following
assumptions—a fully amortized 30-year first mortgage at a 5.5% interest rate with a 1% down payment.
A 1% down payment is required from all buyers. Please note that further lending qualifications will apply.
DO YOU QUALIFY?
To qualify you must be a first time homebuyer and meet the following income guidelines. All homes must be
owner occupied. A first-time home buyer is someone who has not owned his or her principal residence within three years.
THE PROCESS
- Tour the available homes.
- Select a home from those still available. Homes will be contracted for on a first-come first-served basis after determination of eligibility.
- Apply for financing through Victoria Station’s preferred lender or other approved lenders.
- Upon approval of your financing, the escrow will be closed and the home will be yours.
For more information about this opportunity , please contact:
Victoria Station, Sales Office, 105 Hickory Street, Roseville, CA 95678; call 916-789-7800.
Home shown by appointment..
STATE TAX CREDIT
These tax credits are limited to the lesser of 5 percent of the purchase price or $10,000 for a qualified principal residence. Taxpayers must apply the total tax credit in equal amounts over 3 successive tax years (maximum of $3,333 per year) beginning with the tax year in which the home is purchased.
For more information, CLICK HERE.
Welcome
Victoria Station harmoniously blends the past,
present and future. The charming architecture will remind
you of a fine, old, Craftsman style neighborhood. The unique
“systems-built” manufacturing process makes it possible for
you to have a quality, state-of the-art home today.
Imagine your family coming home to a community that
provides a welcome place for neighbors to relax and enjoy an
evening walk, greeting each other from the front porch swing.
Families and friends barbeque at one of the neighborhood
parks scattered throughout the area or spend a lazy Saturday
afternoon meandering along one of the creeks and nature areas.
This is life as it was meant to be.
You’ll find that the wonderful amenities of Victoria Station
extend beyond the neighborhood streets. Vernon Street and
Downtown Roseville are within walking distance, offering
antique stores, art galleries, theaters and restaurants for
you to enjoy.
Victoria Station offers all the benefits of a dynamic urban
setting, along with a chance to come home to the neighborly
spirit that is at the heart of Roseville.
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Roseville
Roseville is ”a dynamic city with a small town feel” that continues
to restore and revitalize its historic roots. Through a
collaborative effort between city planners, business leaders
and neighbors the look and feel of Downtown and Historic
Roseville is being reenergized.
Victoria Statio n is uniquely positioned to take
advantage of this vision for the future of Roseville. A new
development in the midst of one of the area’s most historical
neighborhoods, homeowners will enjoy a neighborly
community with all the amenities of a thriving city just
a short distance from their doorstep.
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Dictinctive Exteriors
- Decorative Victorian street lighting
- Covered front porches (per elevation)
- Premium architectural composition shingles
- Steel raised-panel roll-up garage doors
- Front yard landscaping with automatic sprinkler system
- Rear yard privacy fencing with two access gates
- Dual glazed vinyl windows with grids
- Front and rear exterior electrical outlets
- Exterior porch lights
Interior Amenities
- Craftsman-style wood handrails and balusters
- Handsome raised-panel interior doors
- Hand-set 12” x 12” ceramic tile entry
- Plush wall-to-wall carpeting throughout home
- Simulated wood flooring in kitchen and family room
- Telephone outlets in kitchen and all bedrooms
- Cable television outlets in living room, family room and all bedrooms
- Elegant tile bathroom countertops throughout
- Tile countertop and shower surround in master bath
- Spacious walk-in closet in master suite
- Carrier (two zoned) heating and air conditioning system for your comfort and energy efficiency
- Re-circulating (instant hot) hot water system
- Energy-efficient 50-gallon gas water heater with built-in blanket
Kitchen Highlights
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Stained Alder cabinet doors, concealed hinges and melamine interiors
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Dual compartment sink, porcelain on steel
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Hand-set ceramic tile countertops with mosaic or marble accent bands
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Spacious pantry (per plan)
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GE® kitchen appliances including free standing range with vented hood, self-cleaning oven, multi-cycle dishwasher, disposal
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