FIRST TIME BUYERS DOWN PAYMENT ASSISTANCE (Silverado Ranch)
Why not own your own home for less than what you are paying in rent?!
Do you want to become a homeowner, but have been unable to make it happen in the past? Maybe you couldn't put together a down payment or qualify for an acceptable mortgage rate. The Nevada Rural Housing Authority is here to help with Home at Last Access offering down payment assistance, a competitive mortgage rate, and is available to all homebuyers who will use home as their primary residence. Available for purchase of new homes as well!!!
Certain areas of Clark County are eligible:
**Blue Diamond, Enterprise, Some parts of Silverado, Mount Charleston, Mountain's Edge, Southern Highlands, Summerlin South, Whitney, Winchester, Boulder City**
AVAILABLE ON NEW CONSTRUCTION ALSO!
What does Home at Last Access offer?
*FREE cash down payment grant equal to 4% of loan amount that you never have to repay!!
* Competitive 30-year fixed mortgage rate (ask your lender as rates are subject to change)
* Instant home equity (subject to coverage of closing costs
*No asset limits for homebuyers
Who qualifies:
Buyer must have 640 minimum credit score and meet normal FHA, VA or RHS underwriting requirements
Buyer may not have owned a home for the previous 3 years
Maximum income limit:$97,500
Home as primary residence
Buyer must complete home buying course
Home falls below maximum purchase price of $400,000
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