2019

The Nevada Housing Division has made home possible for nearly 22,000 families throughout the state of Nevada.

Homeownership is possible, even with student debt.

Buying a home doesn’t have to mean a stand-alone structure. A more affordable condo or townhome could be the perfect answer for you, depending on your needs and situation.

Freddie Mac Changes 

Effective January 13, 2020

• Freddie Mac loans will be limited to income at or below 80% AMI.
• Freddie Mac ASI Grant will no longer be available.
• Conventional loans will not be available under the Home Is Possible for First-Time Homebuyer Bond program.

Nia Girma

702-486-5946

Josie Hatem

702-486-5983

Revised DTI Guidelines

Effective January 6, 2020

• DTI of 45.0 l % to 50% will be allowed on FHA and Conventional loans with a minimum FICO score of 680.
• Minimum credit score of 640 still permitted with maximum DTI of 45% on FHA, VA, USDA & Conventional products.

Nia Girma

702-486-5946

Josie Hatem

702-486-5983

While spring and summer might be the most popular times to buy or sell a home, getting your home buying on in winter has its benefits too. Seriously!

Our personal credit scores can affect so much in our lives – from qualifying for a home loan to whether we get a job. Learn more about how these all-important numbers are determined and how to dial yours in.

Veteran James Bassett and his family received a mortage-free home thanks to the teams at VAREP, Nevada Housing Division and countless volunteers. Learn about the program that made this possible — and the story of a local hero who now owns a home in Southern Nevada. 

Manufactured Housing Loans

Reminder: US Bank made the following changes to loans secured with manufactured homes:

• Minimum credit score of 680
• Maximum DTI is 45%
• NO Manual Underwrites Allowed

Please note these changes affect all loans reserved September 2, 2019 or later.

Manual Underwriting

Effective immediately: US Bank has changed the manual underwriting guidelines for new loan reservations on both Conventional and Government loan products.

FHA, USDA & VA