Nevada Home is Possible Loan Program Details

Todd and Oana go over the Nevada Home is Possible load program details. Below is a comprehensive list. if you are thinking of buying a home in Nevada please reach out to us for details.

Home is Possible Key Benefits:
Get up to 5% of the loan value
Usable for down payment and closing costs
Attractive 30-year interest rate
No first-time home buyer requirement F
inancing available for manufactured homes
Statewide program
Program Requirements:
The home you want to buy costs less than $548,250
Borrower may not own property at the time of closing
For government loans (FHA, USDA, VA) qualifying income must be below $105,000
For conventional loans, income limits vary – please contact your loan officer to learn more.
Home price below $548,250
Minimum credit score of 640 (680 for manufactured homes)
Must live in home as primary residence
Homebuyer education course required
Must meet standard underwriting requirements
One-time fee of $755 (paid at closing)…

Oana Sterlacci-Miller

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