Twenty percent. That’s long been the standard amount of down payment required to purchase a home. But 20% can be quite a hefty sum and for many of us (especially first-time buyers) it can put homeownership out of reach. Fortunately, you can purchase a home in Nevada with less than 20% down. (Cue upbeat, celebratory music.) Extra fortunately, Nevada Housing Division can help you come up with your down payment through our Home Is PossibleTM programs.
When Tiffany East and her boys, Adam and Jake, moved out of their home after Tiffany and their father divorced in 2003, they lived with her mother for a few months. “I remember it feeling so temporary as we were using her furniture and everything that was theirs was still at their dad’s,” she shares. “They asked when we were going to get our own place and that’s when I knew it was important for them to have their own space, with their own things. Someplace where we could all put down roots.”
There will be 740 renovated affordable rental housing units available in the Reno area in late 2020, made possible partly through financing by the Nevada Housing Division (NHD).
“Northern Nevada is facing an unprecedented affordable housing crisis and there’s a shortage of decent, safe and clean rental units that many of our residents can afford,” said NHD Administrator Steve Aichroth. “We know this won’t solve the entire problem, but it will help.”
As Earth Month winds down, we figured it was time to take a look at some of the elements involved in purchasing a more environmentally-friendly home while helping our second favorite mother – Mother Earth. Conveniently, these suggestions can green up your pocketbook too.
Here are some big options to consider but keep reading for smaller projects that can be done after you purchase your new home (or in the home you currently live in). Some are easy and others more complicated, but all are designed to save you money, while helping the environment.
Are you spending your evenings on Pinterest, daydreaming about paint colors and flooring options? Or are you researching dog breeds to decide what kind of puppy you’ll get after you buy your first home?
The signs indicate that you’re ready to buy a house. So, what’s stopping you? Oh yeah. Tens of thousands of dollars. Or the lack thereof.
We thought we’d shine a light on some women who have made significant contributions to our homes. Once you’ve read through these, please comment to let us know who we missed!
As March begins and Black History Month comes to an end, it seems like a good time to talk about the Nevada Housing Division’s (NHD) commitment to helping even more African Americans buy homes of their own.
Buying a fixer-upper can seem like a romantic idea – when you get to turn that shabby house into your dream home. But there are many things to consider when purchasing a house that needs repairs, so we created a guide to help you determine when to purchase that fixer-upper and when to walk away.
Just about anytime can be a good time to buy a fixer-upper, as long as you can get the right price on the property you’re eyeing. What defines the right price? We’re so glad you asked!
Homeowners insurance is a necessity that comes with home ownership. From fire to theft, broken pipes to a tree limb crashing through the roof, your homeowners insurance covers you when disaster strikes, helping you recover and get back to living.
Unless you collect jet planes or rare Greek sculptures, a home will likely be the biggest financial investment you make. Doesn’t it make sense to protect that investment?
When we threw our hat in the ring with the Home Is Possible program in 2014, we knew we would be successful because of our lender and real estate partners. So it only made sense for us to tip our hats to them in a special lender appreciation luncheon, held on Friday, October 19 at Springs Preserve in Las Vegas. We treated 100 southern Nevada loan officers to lunch, and asked them to wear their favorite hats, which meant we saw fedoras, berets, cowboy hats, and even a custom paper hat made out of all of our partners’ logos.
This year’s honorees included: