HUGE news NEVADA! The Nevada Housing Division launched a new grant program this week. You might qualify for a FREE cash down payment equal up to 4% a portion of your loan amount. 

On September 22, 2014, the Nevada Housing Division launched a new grant program for homebuyers, known as Home is Possible. For qualified homeowners in Clark and Washoe counties, Home is Possible provides a grant of up to 4 percent of the loan amount to be applied toward the cost of down payments and/or closings. The grants are available immediately for homebuyers that are financing a permanent residence with a government insured FHA, USDA (Rural) or VA mortgage. In November, the program will become available to borrowers who are seeking conventional financing. In order to qualify for Home is Possible, the future homeowner must meet  a few requirements: 1) They must have a minimum credit score of 640 for government insured loans, 660 for manufactured homes and 680 for conventional loans. 2) The home must be purchased as the primary residence, the purchase price must be under $400,000, and 3) the qualifying income on the mortgage application must be less than $95,000 annually. The buyer must also enroll in an approved homebuyer education course. 

Many Las Vegas residents may be eligible to take advantage of this new extended offer by the Nevada Housing Division along with other down payment assistance programs available.  We will help qualified buyers receive a free cash down payment grant equal to 4% of the loan amount.  For more information about this exciting opportunity and Down Payment Assistance, contact Aundrea and The Beach-Greco Team by calling 702-326-7866 emailing us info@aundreabeach.com or visiting www.iLendLasVegas.com