Lon's Las Vegas Market Watch

Finally Down Payment Assistance Up To $20,000 For Individuals With Good Credit!

June 28, 2018
By Lon Grasmick
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Call me for all the details on the Nevada Housing Division Program

 

Hope Brings You Home is a new down payment assistance  (DPA) program available for most of southern Nevada (see the list of eligible zip codes), focusing on areas still considered distressed from the housing crisis.

 

Hope Brings You Home Key Benefits: 

  • 10% of the purchase price up to $20,000, if the home cost $200,000 you get    $20,000 down payment and closing cost assistance
  • Forgivable after three years if you stay in your home
  • Attractive 30-year fixed-rate loan
  • Available for the following southern Nevada zip codes:
  • 89011,89030,89031,89032,89048,89060,89081,89101,89102,89103,89104,
  • 89106,89107,89108,89109,89110,89115,89118,89119,89120,89121,89122,
  • 89128,89142,89146,89156,89169

 

Hope Brings You Home Requirements:

  • Qualifying income must be below $98,500 (income requirement applies to loan applicant(s), not household. (Call me for a referral to a lender to explain this)
  • Home price below $400,000
  • Minimum credit score 640.  (If you're close, call me for a referral to a lender who can offer suggestions to improve your score)
  • Must live in the property as a primary residence
  • The borrower cannot have an ownership interest in another property
  • Must meet standard underwriting requirements

 

Lon A. Grasmick, Broker-Salesperson

Realty One Group

702-806-5963

www.LonSellsRealEstate.com

 

 

 

 

 

June 28, 2018
By Lon Grasmick