Carson City, NV -
June 15, 2016State
and business agencies are coming together to celebrate National Homeownership
Month with a free home buying seminar on Saturday,
June 18 at 11:00 a.m. at the offices of RE/MAX Professionals, 5905 S. Virginia
Street, Suite 300, Reno.
Attendees
will learn about how the loan process works, how to overcome credit challenges,
how choosing the right real estate agent can help in our competitive market,
different financing options, getting your offer accepted, and the other steps
involved in becoming a homeowner.
The
seminar will highlight Nevada Housing Division’s (NHD) Home Is Possible program, which
provides a non-repayable down payment grant of up to five percent for Nevadans
purchasing a home for less than $400,000 with a household income of less than
$95,500 and a minimum credit score of 640. The buyer must meet standard underwriting
requirements, complete a homebuyer education course and live in the home as a
primary residence.
Though
her rent was increasing, Priscilla Castillo didn’t think she earned enough
money to buy a home of her own. She also had some credit issues and was
struggling to come up with the money she needed for a down payment. She spoke
with a lender to see if she would be able to qualify for a home, and that’s
when she found out about NHD’s Home is Possible Down Payment Assistance
Program. Through the program, she was able to obtain the money she needed and
she closed on her first home in June 2016. She lives there with her two
daughters, her niece and her grand-nephew.
While
her mortgage is a little higher than her rent was, she has much more house,
along with a front and back yard where she can plant flowers and enjoy some
privacy. “There’s enough room for all of us here and we’re all very content,”
Priscilla said.
“Homeownership Month is a time to reaffirm the
important role that ‘home’ plays for our families and the neighborhoods where
they live,” said HUD Secretary Shaun Donovan in a release. “Owning a home
has historically been the principal vehicle for Americans to build equity,
start businesses, put kids through college, and retire with comfort and
dignity. After all we’ve been through, we must stand by an institution that has
helped build our nation’s middle class.”
The
free event is sponsored by the Nevada
Housing Division, RE/MAX
Professionals, iServe Lending, Country Financial and the Reno Homebuyer Team.
About
the Nevada Housing Division
Our mission is to provide affordable housing opportunities
and improve the quality of life for Nevada residents. Nevada Housing Division
(NHD), a division of the State of Nevada Department of Business and Industry,
was created by the Nevada State Legislature in 1975. NHD is committed to making
Nevada a better place to live and work. We connect Nevadans with homes by
providing financing to developers to build affordable apartment homes, by
providing innovative mortgage solutions, and by making more homes energy
efficient, thereby lowering utility expenses. To learn more, visit www.housing.nv.gov.