Nevada Rural Housing Authority

 

Nevada Rural Housing Authority 

Lender Portal

2009A Single Family Program

PROGRAM FUNDS  
ELIGIBLE AREAS  
ELIGIBILITY CRITERIA - First-time Homebuyers
- Principal residence
- Borrower(s) must occupy property within 60 days of closing
- IRS filed returns for past 3 yrs – all borrower(s) & spouses(s) and spouses
ELIGIBLE LOAN TYPES FHA, VA, RD
AVAILABLE DOWN PAYMENT ASSISTANCE Assistance 4% of the final loan amount - down payment or closing costs. Cash back is not allowed.
INCOME LIMIT CRITERIA Household income is considered for ALL Borrower(s) & spouses. View Income Limit Criteria.
HOME ACQUISITION LIMITS View Acquisition Limits.
HOME BUYER EDUCATION Homebuyer Education required. 
FICO SCORE REQUIREMENT Mid score must be 620 or higher
CO-SIGNERS Cosigners are permitted for FHA loans under very specific conditions. Co-signers cannot be named on the Warranty Deed.
LOAN TIME LINE REQUIREMENTS  
LENDER PARTICIPATION  
FORMS AND DOCUMENTATION View Forms and Documentation.

Current Rates

  • To Be Determined

DPA

  • To Be Determined

 

Program Updates

Program set to begin on Febraury 23, 2012

Rates – To Be Determined

Training – Today 2/22/12 – Please contact sue@ehousing.cc for more information.

 

The following is a list of Approved Lenders:

  • DHI Mortgage
  • Evergreen Home Loans
  • Greater Nevada Mortgage Services
  • iMortgage, Inc.
  • PrimeLending
  • Prospect Mortgage
  • Summit Funding
  • Universal American Mortgage Corp (UAMC)
  • US Bank
Lender F.A.Q.
Homebuyer F.A.Q.

           

February 22, 2012 - For more information please contact sue@ehousing.cc

        

Please check back soon for Flex Training updates.

Note: Flex Training is available only on Tuesdays between 7 AM – Midnight in all time zones.