What 'first-time' looks like at this elevation
Truckee and North Tahoe first purchases are often condos, townhomes, or smaller cabins — and they still require serious down payment planning. Conventional 3% down and FHA 3.5% down exist, but jumbo down-payment rules kick in once the price crosses the conforming limit.
Gift funds from family are common and allowed on many programs. Kevin will document them correctly so underwriting does not bounce the file two weeks before closing.
Insurance and HOA are part of the payment
Wildfire and older-home insurance can move a payment more than a quarter point of rate. Kevin builds a realistic PITI so you are not surprised after the HOA budget or carrier quote lands.