Ready to buy a house in Las Vegas, Henderson, or North Las Vegas, but don’t have enough funds?

ADDED ON November 5, 2014 2 COMMENTS

images

 

Ready to buy a house, but do not have enough funds for down payment or closing costs? That’s not a problem anymore.

If you do not have enough funds for down payment or closing costs, we have a programs that will help you with this. On September 22, 2014, Nevada Housing Division launched a new grant program for homebuyers, known as Home is Possible. Home is Possible provides a grant of up to 4 percent of the loan amount to be applied towards the cost of down payments and/or closings for qualified homeowners in Clark County. The grants are available immediately for homebuyers that are financing a permanent residence with a government insured FHA, USDA RD (Rural Development), VA (Veterans Affairs) and conventional financing.

Some of the great benefits of this program are:

  • It has a fixed interest rate for a 30-year loan.
  • The grant is provided up to 4% of the home loan amount, which can be used for down payment assistance and/or closing costs.
  • The grant is also non-repayable.
  • The residence must be the homebuyer’s primary living.
  • There are no asset limits for homebuyers.
  • It’s not necessary to be a first-time buyer.

In order to qualify for the program, the applicant must have a minimum credit score of 640 for government insured loans, 660 for manufactured homes, and 680 for most conventional loans. The future borrower must also have an income below $95,500. The home price should also be below $400,000. Traditional government or conventional loan underwriting requirements need to be met, as well a homebuyer education course.

If you are interested in receiving more information about this program, contact us now @ 702-858-8070 or e-mail homesinvegasnow@gmail.com to direct you with certified lenders who will help you to expedite the financing process. Our professional real estate team will answer all questions pertaining to the purchase of your new home.

Other things you can do...

Search Homes
Email Updates
RSS Feed

2 Responses to “Ready to buy a house in Las Vegas, Henderson, or North Las Vegas, but don’t have enough funds?”

  1. November 06, 2014 at 8:25 am, Israel said:

    This is very helpful. Thank you for sharing this information to the public.

    Reply

  2. November 06, 2014 at 8:27 am, Rafaela said:

    Querida Veronica la encontre! Me da gusto saber que esta en la area de Las Vegas. Usted talvez no se acuerde de mi pero me ayudo con la venta de una casa hace varios anos atras en Henderson.

    Reply

Leave a Reply