Home buyers who qualify for housing assistance through Nevada Rural Housing's “Home at Last” program may now also be eligible to receive a $1,500 credit through a Down Payment Assistance Grant exclusive to rural Nevada.
The $1,500 grant is available for a limited time. It can be used for closing costs and is paired with the benefits borrowers enjoy as part of the Rural Grant. The credit is for conventional loans to borrowers with certain household income levels. Income limits for eligible counties vary depending on each county's statistics.
In Pershing County, the income eligibility limit is $50,320.
Humboldt County's income limit is $61,280.
Lander County's income limit is $66,080.
Elko County's income limit is $64,000.
Benefits of the Home at Last grant include
• Up to 97 percent loan-to-value
• Down payment assistance up to 5 percent
• Below-market interest rate option
• Lower mortgage insurance rates, making monthly payments more affordable.
Home buyers who believe they may be eligible for assistance in purchasing a home through Nevada Rural Housing's Home at Last program can visit nvrural.org/find-a-lender-realtor to use the Home At Last lender search tool and contact a certified lender in each area. Or email HAL@NVRural.org.
Nevada Rural Housing Aughority provides innovative home financing, rent support and needs assessments to Nevada's fifteen rural counties and the rural portions of Clark and Washoe Counties.