Homeownership Program Fees

Down Payment Assistance (DPA) Program Fees

All fees listed are charged to the borrower, paid at closing, and apply to all of the DPA programs, unless otherwise noted. When the lender issues a Loan Estimate to the borrower, it should include all applicable program fees.

  • Home At Last DPA Program
    • $400 funding fee is payable to U.S. Bank
    • $84 tax service fee is payable to U.S. Bank
    • $275 compliance/administrator fee is payable to eHousingPlus
    • Lenders may charge a loan origination fee up to 0.50% of the first mortgage loan amount
    • Down payment assistance may be used to cover all or a portion of the closing costs, including the fees listed here
    • 30-day lock extensions are $375 each
      • Original lock is good for 70 days
      • U.S. Bank will net out any applicable extension fees at the time the loan is purchased
  • Home Means Nevada Rural DPA Program
    • $400 funding fee is payable to U.S. Bank
    • $84 tax service fee is payable to U.S. Bank
    • $300 compliance/administrator fee is payable to eHousingPlus
    • Lenders may charge a loan origination fee up to 0.50% of the first mortgage loan amount
    • Down payment assistance may not be used for closing costs
    • 30-day lock extensions are $375 each
      • Original lock is good for 70 days
      • U.S. Bank will net out any applicable extension fees at the time the loan is purchased
  • Buy in Nye Homeownership Program
    • $400 funding fee is payable to U.S. Bank
    • $84 tax service fee is payable to U.S. Bank
    • $300 compliance/administrator fee is payable to eHousingPlus
    • Lenders may charge a loan origination fee in any amount (not limited by Nevada Rural Housing), but the amount must be considered “normal and customary”
    • Down payment assistance may not be used for closing costs
    • 30-day lock extensions are $375 each
      • Original lock is good for 70 days
      • U.S. Bank will net out any applicable extension fees at the time the loan is purchased

Mortgage Credit Certificate (MCC) Program Fees

  • MCC + Home At Last DPA Program (The Borrower is obtaining the MCC and participating in the Home At Last DPA Program.)
    • $795 program fee is payable to Nevada Rural Housing
      • Fee is waived for all VA and USDA loans
      • Fee is waived for all Qualified Veterans, Active Duty Military, Reserves, and National Guard Service personnel – it’s just one small way to thank our local heroes!
    • $150 compliance/administrator fee is payable to eHousingPlus
      • This fee is in addition to the $275 compliance/administrator fee charged for the Home At Last program, but results in a net savings of $125 to the borrower
  • MCC Standalone (The Borrower is obtaining the MCC only, or the Borrower is pairing the MCC with the Home Means Nevada or Buy in Nye DPA Programs.)
    • $795 program fee is payable to Nevada Rural Housing
      • Fee is waived for all VA and USDA loans
      • Fee is waived for all Qualified Veterans, Active Duty Military, Reserves, and National Guard Service personnel – it’s just one small way to thank our local heroes!
    • $275 compliance/administrator fee is payable to eHousingPlus
  • MCC Reissuance (The Borrower is refinancing their first mortgage and the MCC needs to be reissued for the new mortgage, per IRS requirements.)
    • $395 administration fee is payable to Nevada Rural Housing
    • Refer to the MCC Reissuance page on this website for further details and instructions
    • eHousingPlus does not reissue MCCs after refinancing
    • MCCs not reissued after refinancing will result in the MCC being permanently terminated, per IRS guidelines.