By the time the clock struck midnight on New Year’s Eve 2019, the Nevada Housing Division’s (NHD) Home Is Possible (HIP) programs had helped 21,970 Nevada families realize the American dream of homeownership. These newly anointed lawn mowers, picture hangers and pet lovers include 1,497 veterans and active military personnel, as well as 796 Nevada

Many people delay the idea of buying a home while they’re paying down or trying to completely pay off student debt. But local industry experts believe there are many good reasons to consider homeownership sooner rather than later. Among them: With Nevada being one of the fastest growing states in the country, house

Nevada’s home prices keep rising and the hunt for affordable options is becoming more and more challenging. Enter the condominium (aka condo) and townhouse. Typically priced below detached, single-family houses, these housing units are a more affordable option for many Nevadans.

Mosi Gatling, a sales manager with Loan Depot, is the preferred lender for Touchstone Homes in Las

Freddie Mac Changes 

Effective January 13, 2020

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  Freddie Mac loans will be limited to income at or below 80% AMI.


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  Freddie Mac ASI Grant will no longer be available.


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  Conventional loans will not be available under the Home Is Possible for First-Time Homebuyer

Revised DTI Guidelines

Effective January 6, 2020

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  DTI of 45.0 l % to 50% will be allowed on FHA and Conventional loans with a minimum FICO score of 680.


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  Minimum credit score of 640 still permitted with maximum DTI of 45% on FHA, VA, USDA & Conventional products.

There are some obvious reasons why winter is not the traditional time to buy or sell a house. We don’t want to disrupt our family during the school year,  it’s a pain to move when it’s cold and it can be hard to showcase a yard’s beauty and color when everything is dormant. Perhaps most importantly, HOW WILL SANTA FIND US if we move before Christmas!?!

But these reasons also

You know how some people put off getting a health physical because they’re afraid of what they might find out? It turns out ignoring weird lumps, persistent aches and unexplained rashes won’t make them go away. And not tending to them is a lousy strategy for long term health. The same goes for credit scores.

It’s better to know, and act

Veteran James Bassett and his family were recently given the surprise of a lifetime reminiscent of an episode of “Extreme Makeover” — except without the giant bus, not to mention that the family didn’t even know where the house would be located.

Manufactured Housing Loans

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

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  Minimum credit score of 680


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  Maximum DTI is 45%


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  NO Manual Underwrites Allowed

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