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Rates as of April 15, 2024

Home At Last™ Advantage Rates & Options

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Borrower AssistanceRates for FHA, VA, & USDA LoansRates for Conventional Loans (Fannie Mae or Freddie Mac) – Income Below 80% AMIRates for Conventional Loans (Fannie Mae) – Income Above 80% AMI
0% – No DPA7.250%7.250%7.375%
1% of Loan Amount7.625%7.375%7.750%
2% of Loan Amount7.750%7.750%7.875%
3% of Loan Amount8.250%7.875%8.000%
4% of Loan Amount8.625%8.250%8.375%

NOTE: Information is provided as a courtesy only. Participating lenders will determine borrower eligibility and must follow all program, U.S. Bank, and loan agency guidelines, and complete reservations with the rates published with eHousingPlus. Rates are subject to change without notice.

Home Means Nevada Rural DPA Program Rates & Options

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11 loans still available

Borrower AssistanceRates for FHA, VA, & USDA LoansRates for Conventional Loans (Fannie Mae or Freddie Mac) – Income Below 80% AMIRates for Conventional Loans (Fannie Mae) – Income Above 80% AMI
$35,0007.250%7.250%

7.375%

NOTE: Information is provided as a courtesy only. Participating lenders will determine borrower eligibility and must follow all program, U.S. Bank, and loan agency guidelines, and complete reservations with the rates published with eHousingPlus. Rates are subject to change without notice.

Are you looking for the Mortgage Credit Certificate (MCC) program? Go here.

Are you a homebuyer looking for a lender? Find one here.

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Program Requirements Snapshot

Credit Score Requirements for All Programs
  • Purchases:
    • 640 (or 680 for manufactured homes)
  • Refinances (Refinancing is permitted with the Home At Last™ program only):
    • 640 (or 680 for manufactured homes)
  • Maximum Debt-to-Income (DTI) Ratios:
    • Refer to Administrator's Guidelines
Income Limits
  • Home At Last™ Program:
    • $165,000, unless the loan agency has more restrictive limits
    • USDA RD loans have different income limits based on household size - all USDA RD loans meet the program income eligibility requirements, even if the household income exceeds $165,000
    • For Conventional loans, if borrower income is 80% or less of the Area Median Income (AMI) charter-level mortgage insurance will apply on Fannie Mae or Freddie Mac Conventional loans, and the first mortgage rate will be lower than for Conventional loans with borrower income exceeding 80% AMI. The 80% AMI limits by County are posted below, or you can use the Fannie Mae AMI Lookup Tool or Freddie Mac AMI Lookup Tool.
County80% AMI Limit
Carson City$74,800
Churchill$75,680
Clark$67,120
Douglas$78,640
Elko$85,360
Humboldt$77,120
Lander$87,680
Storey$83,520
Washoe$83,520
White Pine$74,960

All Other Counties
(Esmeralda, Eureka, Lincoln, Lyon, Mineral, Nye, and Pershing)

$74,000
  • Home Means Nevada Rural DPA Program:
    • 300% of Federal Poverty Guidelines (FPG) based on household size
    • If the loan agency has lower income limits, borrowers must meet the lower limit to meet the income eligibility requirements 
Household SizeIncome Limit
1$45,180
2$61,320
3$77,460
4$93,600
5$109,740
6$125,880
7$142,020
8$158,160*
*For each additional household member add $16,140 
Purchase Price Limits
  • Home At Last Program:
    • The Home At Last™ program does not establish a maximum or minimum purchase price.
  • Home Means Nevada Rural DPA Program:
    • $647,200
Loan Limits

Loan amounts for the Home Means Nevada may not exceed the limits established for the programs.  

Second Mortgage Details
  • Home At Last Program:
    • 30-year term with no interest and no payments
    • Assistance is forgiven at the end of the 30-year term (not prorated)
    • If a borrower sells, refinances, or prepays the first mortgage prior to the end of the 30-year term, the original amount of down payment assistance is repayable to Nevada Rural Housing
  • Home Means Nevada Rural DPA Program:
    • 3-year term with no interest and no payments
    • Assistance is forgiven at the end of the 3-year term (not prorated) or December 31, 2026, whichever occurs first
First Mortgage Details

All Programs:

    • All first mortgages are for a term of 30 years with a fixed rate established by Nevada Rural Housing
    • Mortgage rates are determined by program, loan type, and amount of assistance provided
    • Mortgage options with down payment assistance will include a forgivable second mortgage for the amount of the assistance - refer to the Second Mortgage Details section for additional information.
    • Home Means Nevada Rural DPA Program expires on December 31, 2024, or when available funds have been fully obligated.
Mortgage Tax Credits

Nevada Rural Housing offers the only Mortgage Credit Certificate (MCC) program in Nevada.

  • For qualified borrowers, the MCC tax credit may be paired with any program offered by Nevada Rural Housing, or the MCC can be paired with an eligible non-program loan (referred to as a standalone MCC).
  • The MCC may provide qualified borrowers with additional qualifying income to increase buying power and lower debt-to-income ratios to help more Nevadans qualify to buy a home of their own.
  • MCCs are available for borrowers who have not owned a home for the previous 3 years, or who meet the definition of a qualified veteran
  • Click to view the MCC Income & Purchase Price Limits.
Lender Resources / U.S. Bank Guides

Rates shown are effective for the date indicated and subject to change without notice. Participating lenders are responsible to follow all program, U.S. Bank, and loan agency guidelines, and reserve loans at the rates published at eHousingPlus. Not all applicants will qualify. Home At Last™, Home Means Nevada Rural DPA, Buy in Nye, and Mortgage Credit Certificate (MCC) are programs of Nevada Rural Housing and separate guidelines will apply for each program. Nevada Rural Housing does not originate mortgage loans or determine eligibility. Borrower eligibility for programs and mortgage financing is determined by licensed lenders approved to offer the programs.  The publishing of this information is not an offer to lend money or solicit a mortgage application.

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