Nevada offers New Program to First-Time Home Buyers
The First Time Homebuyer Program was recently introduced by the Nevada Department of Business and Industry. The new program will provide $50 million to assist eligible first-time home buyers by providing below market interest rates and 30-year fixed rate loans. The program offers financial assistance for down payment and closing costs, which depending on eligibility, can range from $15,000 to $50,000.
To qualify for the program, a person must be a first-time home buyer – never owned a home before or have had ownership interest in a principal residence within the past three years. For Clark County residents, a one to two person household must not earn more than $70,920 annually. The maximum purchase price allowed for either a newly constructed or existing dwelling cannot exceed $318,552.
For more information go to www.nvhousing.state.nv.us , click on “Programs”, and then on “First Time Homebuyer Program.”
Or For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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