Being a first-time home buyer can appear intimidating and frustrating. The initial down payment, closing costs, and mortgage rates all have large price tags attached and the many details of the loan application process can feel overwhelming. In April 2021, I worked with Realtor, Martin Estrada, to help two homebuyers purchase their first home for themselves and their infant daughter. Martin served as an educator, negotiator, and advocate for his clients. Despite the challenges in the real estate market, he prepared his clients for each step of the experience and ensured they would submit a sound offer. Martin also worked diligently to communicate with me as the lender. The HIP program provided the clients with the necessary financial support to secure their 3% down payment on a conventional loan and money towards the closing costs. With a Freddie Mac HFA Advantage, our clients were able to obtain favorable loan terms and look forward to canceling PMI when their ownership reaches 80% equity. Martin Estrada, the Nevada Housing Division, U.S. Bank staff, the Cardinal Financial lending team all provided expert guidance to ensure the loan documents were prepared, delivered and signed to close escrow on time.

“From the first time our lender mentioned Home Is Possible until we closed on the house, it was only three weeks. We got over $7,000 from the program. We wouldn’t have been able to purchase when we did without the program, plain and simple.”

“Because the interest rate was ridiculously low, I was able to buy more home. My REALTOR® and lender pretty much took care of everything. I couldn’t have bought a home without it.”