Program Fees
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 borrowers a loan origination fee that is not capped by the down payment assistance program (The amount of the origination fee should not exceed the amount charged for origination fees on non-program loans)
- 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 (beyond the original 70-day lock) are permitted at a cost of 0.25% of the loan amount for each 30-day extension
- The first 30-day lock extension is automatically applied to active loans not purchased by U.S. Bank within 70 days of reservation
- Additional 30-day lock extensions are permitted upon request
- 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 borrowers a loan origination fee that is not capped by the down payment assistance program (The amount of the origination fee should not exceed the amount charged for origination fees on non-program loans)
- Down payment assistance may not be used for closing costs
- 30-day lock extensions (beyond the original 70-day lock) are permitted at a cost of 0.25% of the loan amount for each 30-day extension
- The first 30-day lock extension is automatically applied to active loans not purchased by U.S. Bank within 70 days of reservation
- Additional 30-day lock extensions are permitted upon request
- 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 borrowers a loan origination fee that is not capped by the down payment assistance program (The amount of the origination fee should not exceed the amount charged for origination fees on non-program loans)
- Down payment assistance may not be used for closing costs
- 30-day lock extensions (beyond the original 70-day lock) are permitted at a cost of 0.25% of the loan amount for each 30-day extension
- The first 30-day lock extension is automatically applied to active loans not purchased by U.S. Bank within 70 days of reservation
- Additional 30-day lock extensions are permitted upon request
- U.S. Bank will net out any applicable extension fees at the time the loan is purchased
Mortgage Credit Certificate (MCC) Program Fees
- 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.)
- $310 Compliance to eHousingPlus
- $995 Program Participation to NRH
- Combo MCCs (MCC Paired with a Home At Last DPA loan):
- $460 Compliance to eHousingPlus (reflects $125 combo savings!)
- $995 Program Participation to NRH
- NOTE: The Combo Compliance fee includes the fee for both the MCC and DPA - do not double charge compliance fees to the borrower. NRH waives the Program Participation Fee for all Qualified Veterans.
- 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 information 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.
