Monday, February 9, 2015

FREE Money to Buy a Home with the Home Is Possible Grant Program

The Home is Possible grant program helps make the dream of home ownership a reality for qualified Nevadans.  Focused on homebuyers in Washoe and Clark Counties, the grant provides up to 4% of a loan's value for down payment and closing costs.  The grant never needs to be repaid.

Key Benefits
  • Fixed interest rate 30-year loan
  • No first-time homebuyer requirement
  • Grant is non-repayable
  • Must be homebuyer's primary residence
  • No asset limits for homebuyers
  • Provides a grant up to 4% of the home loan amount that can be used for down payment assistance and/or closing costs

Program Requirements
  • Minimum credit score of 640 for government insured loans, 660 for manufactured homes and 680 for most conventional loans
  • Qualifying income on mortgage application must be below $95,500
  • Home price below $400,000
  • Homebuyer education course required
  • Must meet normal government or conventional loan underwriting requirements
The Foster Beckman Group would love to help you find your new home or sell your current home. We work closely with all of our home buyers and sellers to help you find the right home at the best price for the least amount of stress! Call us today at 702.686.2695.