The Nevada Rural Housing Authority announced that it has helped 19 families with its recent Home at Last Bond Program. This represents
$3 million in mortgages in rural Nevada.
The $25 million bond program was launched in January, and is designed to help first-time homebuyers and veterans with the purchase of a home. There are still enough funds remaining to help an additional 142 Nevada families, however, homebuyers who want to receive the additional federal tax credit of up to $8,000 must contract the purchase of their home by April 30 of this year and must also close by June 30.
The NRHA's bond program offers a free cash down payment and competitive mortgage rates to first-time homebuyers and veterans. The program applies to qualifying applicants who purchase a home in a rural Nevada community with a population fewer than 100,000. Some of the communities this program applies to include: Carson City, Dayton, Elko, Fallon, Fernley, Mesquite, Minden, Pahrump, Sparks and Tonopah.
For more information, call Don Butterfield at 742-6337.