HOPE BRINGS YOU HOME

 

Achieve your dream of home-ownership and let Hope bring You Home!

Hope Brings You Home is a new down payment assistance (DPA) program available to most of Southern Nevada (click for list of zip codes), focusing on area still considered distressed fro the housing crisis.

This first come, firest served program will operate until $36 million in funds are distributed.

Nevada Affordable Housing Assistance Corp (NAHAC), administrator of the Nevada Hardest Hit Fund®, has partnered with the Nevada Housing Department to administer Hope Brings You Home and make these funds available to Nevadans who can benefit.

 

Features Include:

  • Down Payment Assistance of 10% up to $20,000 of the Purchase Price!

  • For down payment and /or closing costs.

  • Forgivable after three years (if you stay in your home)

  • Attractive 30 year fixed rate loan

  • FICO Scores as low as 640 to 660

  • FHA, VA, USDA, HFA Preferred Conventional and Conventional Loan Options Available

  • Program Available for Select Areas in Southern Nevada

 

Eligible Properties

Existing single-family properties including town homes, condos and manufactured homes. No new construction.

 

Guidelines Include:

  • Purchase Price under $400,000

  • Income under $98,500

  • Debt Ration 45% (FHA, VA, & USDA) Debt Ratio 50% (HFA Preferred Conv)

  • Minimum Credit Score 660 (FHA) 640 All other loan types

  • Home-buyer Education Required

  • Must live in the home as primary residence

  • Borrower cannot have ownership interest in another property

Some restrictions apply, not available in all area Income limits apply. Down payment assistance is in the form of deferred forgivable second lien after 3 years. Not all programs offer all features. Some program restrictions and requirements apply.

 

Find Out More Info & What YOU Qualify For!

TO FIND OUT MORE FILL OUT THE FORM BELOW.

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