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Home At Last™ can help you become a homeowner too. FREE 4% cash down payment and 6.35% mortgage loan
Helping Nevadans realize the dream of home ownership.
Do you dream of owning a home, but don’t think you can qualify for a loan? The Nevada Rural Housing Authority (NRHA) could be the answer. Over 200 renters have become homeowners in the past 24 months through Home At Last™.
If you’re looking to purchase in rural Nevada cities or towns with fewer than 100,000 residents and have not owned a home in the past three years or are a veteran, you may qualify. NRHA has funds available on a firstcome, first-served basis for moderate income Nevadans.
Can I trust Home At Last™?
Home At Last™ is a loan assistance program administered by the non-profit Nevada Rural Housing Authority. Since 2006 NRHA has raised over $80 million in mortgage loan funds through the sale of tax-exempt bonds. In the past 24 months, nearly 300 Nevada families have bought their first homes with Home At Last™.
NRHA was formed in 1972 for the sole purpose of creating affordable housing opportunities in rural Nevada. Why help Nevadans buy homes? It simply makes good economic sense to encourage responsible home ownership that enhances the quality of life in rural communities.
Come Home At Last™
What can Home At Last™ provide me:
• FREE cash down payment grant equal to 4% of loan amount
• 6.35% 30-year fixed mortgage rate
• Instant home equity for first-time buyers & eligible veterans
• Best available deal for home financing
• No asset limits for homebuyers
Who qualifies:
• Moderate income households
• First-time homebuyers or qualified veterans who will live in home as primary residence
• Households meeting income qualifications listed and normal FHA, VA, Conventional or RHS underwriting requirements indicating creditworthiness
The time is right to buy
Will home prices drop? Will interest rates go up? No one knows the answer to these questions with certainty, but here’s what a local mortgage expert is advising.
The maximum home cost (family residence) are as follows:
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County |
Cost |
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Carson City |
$358,875 |
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Clark |
$360,000 |
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Douglas, Storey & Washoe |
$429,619 |
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Elko, Eureka & Nye |
$292,500 |
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Lyon |
$298,125 |
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All other |
$237,031 |
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Maximum income limits |
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County |
Income |
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Carson City
2 or fewer persons
3 or more persons |
$75,720
$88,340 |
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Clark
2 or fewer persons
3 or more persons |
$76,680
$89,460 |
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Douglas
2 or fewer persons
3 or more persons |
$86,640
$101,080 |
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Elko
2 or fewer persons
3 or more persons |
$66,500
$76,475 |
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Eureka
2 or fewer persons
3 or more persons |
$64,500
$74,175 |
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Humbolt
2 or fewer persons
3 or more persons |
$66,100
$76,015 |
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Storey & Washoe
2 or fewer persons
3 or more persons |
$83,400
$97,300 |
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All other areas
2 or fewer persons
3 or more persons |
$64,500
$74,175 |
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Down Payment Assistance
All qualifying homebuyers will receive a grant equal to 4.00% of the original loan amount to be used for down payment and closing cost assistance. This 4.00% assistance is a non-repayable grant provided by the Nevada Rural Housing Authority. There is a 1.00% origination fee and 0.50% discount points (1.50% total) will be paid at loan closing.
Loan Down Payment
Amount Assistance Amount
$150,000 $6,000
$200,000 $8,000
$250,000 $10,000
Questions?
If you have any questions or need further information, please contact the participating lenders below (reference the Nevada Rural Housing Authority
bond program) or call the Authority at 775.887.1795, extension 104.
Connect with an approved Home At Last™ lender
Please contact one of these Home At Last™ lenders to begin your journey to home ownership.
Bank of America
Northern Nevada/Elko:
Steve Thomas (800) 974-9342 or (775) 688-8700
Carson City (775) 267-6369
Southern Nevada:
Kelly Gianakoulias (702) 515-8739
Chase Home Finance
Northern Nevada:
Marcia Kidney, Kay Miller (888) 816-4824
Southern Nevada:
Eric Gorman (800) 700-2696
Countrywide Home Loans
Northern Nevada:
Sue Barry (775) 827-5545
Beverley Stewart (800) 480-0051
Carson City:
(775) 888-6290
Southern Nevada:
(702) 515-3900
CTX Mortgage
Carson City: (775)886-5700
Fernley: (775)575-1740
Reno: (775)829-8555
Sparks: (775)852-7600
DHI Mortgage
Northern Nevada Region:
Nicole Nelson (916) 294-6800 x6996
Mike Ognissanti (916) 294-6981
First Horizon Home Loans
Fort Apache: (702) 259-2553
Henderson: (702) 990-6200
Las Vegas: (702) 227-9000
Red Rock: (702) 259-2500
Reno: (775) 823-3636
Greater Nevada Mortgage Services
Serving all of Nevada (775) 888-6999
Home Savings of America
Northern Nevada Region:
Jerry Saffle (775) 225-0707
Neighbors Financial
Northern Nevada:
Marcus Marchegger (775) 883-6321
Southern Nevada:
James Clark (702) 349-9637
Universal American Mortgage Company
Northern Nevada
Brian Cushing: (775) 852-9980 ext. 601
Venta Home Loan
Southern Nevada
Julie Lambky: (702) 588-5430
Wells Fargo Home
Northern Nevada: (775) 326-9500
Elko: (775) 738-9333
Winnemucca: (775) 623-5307
Southern Nevada:
Lisa Foster (866) 550-2061 x1755
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©2007,
NHRA all rights reserved. |
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