Nevada Rural Program Highlights

Home At Last

Nevada rural Home At Last | At-A-Glance

AVAILABLE PROGRAMS Home At Last
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No First-Time Buyer Requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Nevada Rural HAL

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS Home At Last Mortgage Credit Certificate
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) First-Time Buyer Requirement (Borrower and Spouse)
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are NOT permitted by the program.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Home At Last

Nevada rural Home At Last | At-A-Glance

AVAILABLE PROGRAMS Home At Last
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No First-Time Buyer Requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Home at Last MCC

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS Home At Last Mortgage Credit Certificate
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) First-Time Buyer Requirement (Borrower and Spouse)
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are NOT permitted by the program.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 8:30am – 7:00 pm PT ]

Nevada Rural Housing | Rates & Offerings

Government

Nevada Rural Housing Authority Home At Last Program


FHA, VA and USDA-RD


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income Limits
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • 1003 Credit qualifying income
  • Assistance offered as 0% Interest, 30-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: We will link to the eligible areas on the web page
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD 640 0% 6.875%
FHA, VA, USDA-RD 1% 7.125%
FHA, VA, USDA-RD 2% 7.750%
FHA, VA, USDA-RD 3% 8.250%
FHA, VA, USDA-RD 4% 8.750%
Conventional – Fannie HFA Preferred or Freddie HFA Advantage

Nevada Rural Housing Authority Home At Last Program


Fannie Mae HFA Preferred and Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income Limits may not exceed 80% AMI (determined by Fannie Mae and Freddie Mac) in order to receive reduced mortgage insurance
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • 1003 Credit qualifying income
  • Assistance offered as 0% Interest, 30-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: We will link to the eligible areas on the web page
Offering FICO DPA Lock Rate
Fannie Mae 80% AMI / Freddie Mac 80% AMI 640 0% 6.875%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 1% 7.250%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 2% 7.375%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 3% 8.000%
Fannie Mae 80% AMI / Freddie Mac 80% AMI 4% 8.500%
Conventional – Fannie HFA Preferred  – Home at Last

Nevada Rural Housing Authority Home At Last Program


Fannie Mae HFA Preferred


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income Limits (borrowers will receive standard mortgage insurance)
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • 1003 Credit qualifying income
  • Assistance offered as 0% Interest, 30-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: We will link to the eligible areas on the web page
Offering FICO DPA Lock Rate
Fannie Mae OVER 80% AMI 640 0% 7.250%
Fannie Mae OVER 80% AMI 1% 7.375%
Fannie Mae OVER 80% AMI 2% 8.000%
Fannie Mae OVER 80% AMI 3% n/a
Fannie Mae OVER 80% AMI 4% 8.500%
Home Means Nevada
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD

Nevada Rural Housing Authority Home Means Nevada Program


FHA, VA, USDA-RD


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 31, 2024 or until Funding is fully reserved.
  • Eligible area: We will link to the eligible areas on the web page

 640 $25,000 6.750%
Fannie Mae 80% AMI / Freddie Mac 80% AMI

Nevada Rural Housing Authority Home Means Nevada Program


Fannie Mae HFA Preferred and Freddie Mac HFA Advantage


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 31, 2024 or until Funding is fully reserved.
  • Eligible area: We will link to the eligible areas on the web page

 6.875%
Fannie Mae OVER 80% AMI

Nevada Rural Housing Authority Home Means Nevada Program


Fannie Mae HFA Preferred


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 31, 2024 or until Funding is fully reserved.
  • Eligible area: We will link to the eligible areas on the web page

 7.250%
Buy in Nye
Offering FICO DPA Lock Rate
FHA, VA, USDA-RD

Nevada Rural Housing Authority Buy in Nye Program


FHA, VA, USDA-RD


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance.
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000 to $30,000. The first mortgage rate will be lower for the $15,000 assistance option.
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 5, 2023 or until Funding is fully reserved.
  • Eligible Area; Nye County

 640 $15,000 n/a
$30,000 n/a
Fannie Mae 80% AMI / Freddie Mac 80%

Nevada Rural Housing Authority Buy in Nye Program


Fannie Mae HFA Preferred and Freddie Mac HFA Advantage


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000 to $30,000. The first mortgage rate will be lower for the $15,000 assistance option.
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 5, 2023 or until Funding is fully reserved.
  • Eligible Area; Nye County

 $15,000 n/a
$30,000 n/a
Fannie Mae OVER 80% AMI

Nevada Rural Housing Authority Buy in Nye Program


Fannie Mae HFA Preferred


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
  • Must be principal residence
  • Maximum Income Limits (300% of Federal Poverty Guidelines (FPG).
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Lenders must complete the Worksheet for Documenting Eligible Household Income & Residency. The worksheet will be submitted with the loan closing package.
  • Assistance offered as 0% Interest, 3-year forgivable second mortgage and may ONLY be used for down payment assistance
  • The Assistance will be forgiven at the end of three years of Dec. 31, 2024, whichever comes first.
  • Assistance amount is $15,000 to $30,000. The first mortgage rate will be lower for the $15,000 assistance option.
  • This assistance will require a secondary reservation after the first mortgage. Click on the ADD ADDITIONAL button to enter the assistance amount.
  • The Program is available until Dec. 5, 2023 or until Funding is fully reserved.
  • Eligible Area; Nye County

 $15,000 n/a
$30,000 n/a