Nevada Rural Program Highlights

Launchpad for First-Time Homebuyers

Nevada Rural - Launchpad for First-Time Homebuyers Program | At-A-Glance

AVAILABLE PROGRAMS Launchpad for First-Time Homebuyers - Available March 17th
QUESTIONS Questions
ELIGIBLE LOAN AREAS Launchpad for First-Time Homebuyers Eligible Loan Areas
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Borrower(s) and a Non-Purchasing Spouse cannot have had a present ownership interest in any principal residence during the last three years; and, cannot have ownership in any real property at the time of closing (the “First-Time Homebuyer Requirement”).
RATES See Chart
DPA AVAILABLE 0% Interest, 30-year deferred second mortgage. Assistance is either 2% or 4% of the total loan amount.
LOAN TYPE See Chart
INCOME LIMITS Launchpad for First-Time Homebuyers Income Limits
PURCHASE LIMITS Launchpad for First-Time Homebuyers Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase.
HOMEBUYER EDUCATION Launchpad for First-Time Homebuyers Homebuyer Education
CO-SIGNERS For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES Launchpad for First-Time Homebuyers Guidelines
PARTICIPATING LENDERS Participating Lenders

Home At Last and Launchpad

Nevada Rural Home At Last and Launchpad | At-A-Glance

Program Home At Last and Launchpad - Available on March 17th
ELIGIBLE AREA Home At Last and Launchpad Eligible Areas
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Home at Last and Launchpad do not require borrowers to be First-Time Homebuyers.
RATES See Chart
DPA AVAILABLE 0% Interest, 30-year deferred second mortgage. Home At Last - No DPA to 4% Assistance. Launchpad - 3% and 4% Assistance.
LOAN TYPE See Chart
INCOME LIMITS Home At Last and Launchpad Income Limits
LOAN LIMITS Home At Last and Launchpad Loan Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Home At Last and Launchpad Homebuyer Education
CO-SIGNERS For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES Home At Last and Launchpad Guidelines
PARTICIPATING LENDERS Participating Lenders

Home at Last MCC

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS Home At Last Mortgage Credit Certificate
ELIGIBLE AREA Eligible Area
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE See Chart
INCOME LIMITS MCC Income Limits
PURCHASE LIMITS MCC Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
TARGETED AREA CENSUS TRACTS Targeted Area Census Tracts
CO-SIGNERS Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency.  A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES MCC Program Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

Nevada Rural Housing | Rates & Offerings

[ Business Days 8:30am – 7:00 pm PT ]
HAL Government
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD 640 0% 6.625%
FHA, VA, USDA-RD 2% 7.250%
HAL Government - PRR 2% Discount
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD 640 0% 6.125%
FHA, VA, USDA-RD 3% 7.000%
FHA, VA, USDA-RD 4% 7.250%
HAL Conventional
Offering FICO DPA Lock Rate
Fannie Mae 80% AMI / Freddie Mac 80% AMI 640 0% 7.000%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 2% 7.500%
Fannie Mae OVER 80% AMI 0% 7.125%
Fannie Mae OVER 80% AMI 2% 7.625%
HAL Conventional - PRR 2% Discount
Offering FICO DPA Lock Rate
Fannie Mae 80% AMI / Freddie Mac 80% AMI 640 0% 6.500%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 3% 7.250%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 4% 7.500%
Fannie Mae OVER 80% AMI 0% 6.625%
Fannie Mae OVER 80% AMI 3% 7.375%
Fannie Mae OVER 80% AMI 4% 7.625%
Launchpad
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD 640 3% 7.375%
FHA, VA, USDA-RD 5% 7.625%
Conventional <80% AMI 3% 7.625%
Conventional <80% AMI 5% 7.750%
Conventional Over 80% AMI 3% 7.625%
Conventional Over 80% AMI 5% 7.750%
Launchpad for First Time Homebuyers
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD 640 2% 6.625%
FHA, VA, USDA-RD 4% 6.875%
Conventional <80% AMI 2% 6.875%
Conventional <80% AMI 4% 7.000%

Launchpad Bond Program

Nevada Rural - Launchpad for First-Time Homebuyers Program | At-A-Glance

AVAILABLE PROGRAMS Launchpad for First-Time Homebuyers - Available March 17th
QUESTIONS Questions
ELIGIBLE LOAN AREAS Launchpad for First-Time Homebuyers Eligible Loan Areas
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Borrower(s) and a Non-Purchasing Spouse cannot have had a present ownership interest in any principal residence during the last three years; and, cannot have ownership in any real property at the time of closing (the “First-Time Homebuyer Requirement”).
RATES See Chart
DPA AVAILABLE 0% Interest, 30-year deferred second mortgage. Assistance is either 2% or 4% of the total loan amount.
LOAN TYPE See Chart
INCOME LIMITS Launchpad for First-Time Homebuyers Income Limits
PURCHASE LIMITS Launchpad for First-Time Homebuyers Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase.
HOMEBUYER EDUCATION Launchpad for First-Time Homebuyers Homebuyer Education
CO-SIGNERS For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES Launchpad for First-Time Homebuyers Guidelines
PARTICIPATING LENDERS Participating Lenders

Home At Last

Nevada Rural Home At Last and Launchpad | At-A-Glance

Program Home At Last and Launchpad - Available on March 17th
ELIGIBLE AREA Home At Last and Launchpad Eligible Areas
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Home at Last and Launchpad do not require borrowers to be First-Time Homebuyers.
RATES See Chart
DPA AVAILABLE 0% Interest, 30-year deferred second mortgage. Home At Last - No DPA to 4% Assistance. Launchpad - 3% and 4% Assistance.
LOAN TYPE See Chart
INCOME LIMITS Home At Last and Launchpad Income Limits
LOAN LIMITS Home At Last and Launchpad Loan Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Home At Last and Launchpad Homebuyer Education
CO-SIGNERS For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES Home At Last and Launchpad Guidelines
PARTICIPATING LENDERS Participating Lenders

Nevada Rural HAL

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS Home At Last Mortgage Credit Certificate
ELIGIBLE AREA Eligible Area
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE See Chart
INCOME LIMITS MCC Income Limits
PURCHASE LIMITS MCC Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
TARGETED AREA CENSUS TRACTS Targeted Area Census Tracts
CO-SIGNERS Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency.  A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES MCC Program Guidelines
PARTICIPATING LENDERS Participating Lenders